Preparing for GST Rate Change - 8th Run
Come 1 January 2024, the GST rate in Singapore will be raised for the second time in recent history, this time from the current 8% to 9%.
If you're a GST-registered business, it is crucial that you start your preparations for the second rate change early. The cost of non-compliance with GST rules will only increase with the rate increase and this needs to be carefully managed.
With this in mind, we have identified key areas that need to be addressed before the new GST rate takes effect, and will be covering them during this workshop.
Key Topics
Overview of GST
Time of Supply Rules
GST Rate Change for Goods and Services
- Tax Invoice Issued on/after 1 January 2024
- Tax Invoice Issued before 1 January 2024
GST Rate Change for Continuous Supply of Services
GST Rate Change Exercises
Miscellaneous
- Price Displays
- Method of Apportionment
- Impact on Contracts
- Credit Note
- Cash Rebates
- Goods Returned on/after 1 January 2024
- Preparing for GST Rate Change
Payments Received Before or After 1 January 2024
- Cheque Payments
- GIRO Payments
- Electronic Payment Modes
- Businesses that Operate Past Midnight on 31 December 2023
30mins Q&A
Register Online or Download the Registration Form and email to enquiries@takx.com.sg
Complete registration form below and submit.
Look out for confirmation email with soft copy invoice.
Remit payment by Paynow Corporate (UEN no. 200719590R), bank transfer, cheque or cash to TAKX Solutions Pte Ltd.
Look out for reminder email closer to workshop date.