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  • GST Rate Change & Transitional Rules – What You Need To Know and Do (Second Run)

    BDO Webinar - 30 August 2022; 3.00 pm to 5:00 pm

Webinar on GST Rate Change & Transitional Rules – What You Need Know and Do (Second Run)

Date: Tuesday, 30 August 2022
Time: 3:00 pm to 5:00 pm (SGT)

  

  • About the Webinar

Thank you for the overwhelming response for our GST rate change webinar held on 29 June 2022. We heard you! So we are having a second run for the webinar on  30 August 2022. This time we will incorporate more case studies based on the questions collated from the last session.

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On 18 February 2022, the Minister for Finance announced in Budget 2022 that the GST rate increase will take place in two stages:

  • From 7% to 8% with effect from 1 January 2023; and
  • From 8% to 9% with effect from 1 January 2024.

Businesses should understand and plan for the upcoming rate adjustment, which is less than six months away. Join us in the webinar, where we will highlight the critical points that businesses should be aware of. We will explain the transitional rules for sales transactions that span the GST rate change to ensure you understand the rules and prepare ahead for the needful operational and system changes.

 

Webinar highlights

  • The concept of general time of supply rule and “Basic Tax Point”.
  • Transitional rules for supplies and reverse charge supplies straddling GST rate change.
  • Transitional rules for special situations such as continuous supplies and goods put to private use without consideration.
  • Contracts or agreements straddling the rate change.
  • Method of apportionment of the value of goods delivered or services performed straddling the rate change.
  • Invoicing requirements, credit note, price display, volume-related rebates and returned goods affected by the rate change.
  • Key areas to be better prepared ahead of the rate change.

 

Date:
30 August 2022

Time:
3:00 pm to 5:00 pm (SGT)

Fees (inclusive of GST)
S$50 (BDO clients/alumni) | S$80 (Public) per person

CPE
2 hours

 

By submitting your details, you agree to us processing your data in accordance with our Data Protection Policy.

The organiser reserves the right to change the date and programme due to circumstances outside our control. Registration is on a first-come first-served basis and you will receive the webinar link via email (nearer the date) when your registration is confirmed.