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The  last GST rate change (from 5% to  7%) occurred more than 15 years ag=
o,  in 2007. Many would have  forgotten the experience and some might not=
  have even entered the  workforce then. Come 1 January 2023, the GST rat=
e  in Singapore will be  raised again, this time from the current 7% to 8=
%.If  you're a  GST-registered business, it is crucial that you start you=
r  preparations  for the impending rate change early. The cost of  non-co=
mpliance with  GST rules will only increase with the rate increase  and t=
his 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 effe=
ct,  and will be covering them during our flagship  workshop.

Our flag=
ship&nbsp;Mastering the Basic &amp; Intermediate Concepts of GST&nbsp;wor=
kshop   will equip you with the knowledge on all the Basic &amp; Intermed=
iate   Concepts of GST - including GST treatment for international servic=
es,   exports, disbursement vs reimbursment, gifts/benefits-in-kind for s=
taff   and business associates, and updates on recent changes - that will=
   enable you to complete the GST F5 return correctly and accurately, and=
   avoid costly penalties.&nbsp;&nbsp;

















=



Key topics:

Overview of GST
Types of Supply
Output Tax vs Input=
 Tax
Tax Invoice, Simplified Tax Invoice, Receipts
Foreign Currency Inv=
oice
Credit &amp; Debit Notes
Claiming Input Tax
Bad Debt Relief
Frin=
ge Benefits - Closed Nexus Test
Imports
Ownership of Goods
Exports
In=
ternational Services
Absorption of GST
Price Displays
Reimbursement vs=
 Disbursement
Open Market Value
Disposal of Business Asset
Purchase of=
 a Brand New Motor Vehicle
Sale of Second-hand Motor Vehicle
Discount v=
s Rebate
Sponsorship
Free Samples
Deposits
Penalties &amp; Interest
=
Reimbursement of Handphone Bills
Entertainment &amp; Office Expenses
In=
cidental Expenses
Record Keeping
Completing the F5
Updates on recent c=
hanges
GST rate change from 7% to 8% on 1 Jan 2023 - Transitional rules
=


Trainer:&nbsp;Andre Lim (view profile)
Date : Wednesday, 14 December =
2022
Venue : Carlton Hotel, 76 Bras Basah Road
Time : 9:00am to 5:00pm =
(Registration starts at 8:45am)&nbsp;
Fee : $398 per participant (inclus=
ive of Course Materials, Stationery, Buffet Lunch and Refreshments)
Type=
s of Funding available&nbsp;
1)&nbsp;SDF Funding&nbsp;&nbsp;&nbsp; $14 p=
er participant is available for company-sponsored participants who are Si=
ngaporeans/PRs&nbsp; &nbsp; For more information, please visit&nbsp;www.s=
sg.gov.sg/programmes-and-initiatives/funding/funding-for-employer-based-t=
raining.html&nbsp;
2)&nbsp;SkillsFuture Credit&nbsp;
&nbsp;&nbsp;&nbsp;=
You   may utilise your SkillsFuture Credit to fund the course fee of this=
   workshop. It must be an individual-initiated attendance and not under =
  company training arrangement.&nbsp;&nbsp;&nbsp; For more information, p=
lease visit&nbsp;www.myskillsfuture.gov.sg/content/portal/en/career-resou=
rces/career-resources/education-career-personal-development/SkillsFuture_=
Credit.html
To sign up for the workshop,&nbsp;please&nbsp;register&nbsp;=
online&nbsp;so   that we may reserve a seat for you. Once we have receive=
d your   registration details, we will send you a confirmation email alon=
g with   an invoice to facilitate your payment.

Since   2007, TAKX Sol=
utions has trained more than 15,000 participants from   over 6,000 organi=
sations with our range of GST, tax, finance, risk   management and intern=
ational trade documentation workshops. In the   coming weeks, Takx Soluti=
ons will be conducting the following   workshops:&nbsp;
&nbsp;
Taxation=
&nbsp;

































=





































=





































=





































=





































=





































=





































=





































=





































=





































=





































=





































=
Withholding Tax on 1 Dec (Thu)
Preparing for GST Rate Change webinar on =
9 Dec (Fri)
Preparing for GST Rate Change workshop (classroom-based) on =
13 Dec (Tue)
How to Complete IR8A &amp; IR21 on 12 Jan (Thu) - conducted=
 by our sister company KC Academy, please visit&nbsp;www.kcacademy.com.sg=
&nbsp;for details
Fundamentals of Corporate Tax on 3 Feb (Fri)
Introduc=
tion to Transfer Pricing on 22 Mar (Wed)


Finance / Accounting&nbsp;=20=


Introduction to Process Automation for Accountants with Power Query o=
n 14 Dec (Wed)
Introduction to Consolidated Accounts on 3 Feb (Fri)
Acc=
ounting for Deferred Tax on 10 Mar (Fri)
introduction to Data Analytics =
for Accountants with Power BI on 25 May (Thu)

International Trade Docu=
mentation

Understanding Incoterms 2020 on 9 Dec (Fri)
Understanding P=
itfalls in LC Transactions on 17 Jan (Tue)
The Basics of Import/Export &=
amp; International Trade on 22 Feb (Wed)
Understanding the Essentials of=
 Letters of Credit on 24 Feb (Fri)
How to Handle Export LCs &amp; BLs: U=
nderstanding the ISBP 745 &amp; Clarifications to UCP 600 on 28 Apr (Fri)=



Finance for Non-Finance

Effective Cash Flow Management, Budgetin=
g &amp; Analysis on 15 Dec (Wed)
Understanding Financial Statements for =
Non-Finance Personnel on 15 Feb (Wed)

















=



































To =
find out more about these workshops and to download the registration form=
s, please visit&nbsp;&nbsp;www.takx.com.sg















=





































=





































=





































=





































=





































=





































=





































=





































=





































=





































=





































=





































=





























In the mean time=
, if you have any enquiries, I'll be glad to answer them on tel: 6293 906=
8.
Looking forward to your participation in our workshop!&nbsp;




=



Jay Goh&nbsp;TAKX Solutions Pte LtdTel: 6293 9068We've moved! We're =
now located at:&nbsp;960 Dunearn Road #06-25Singapore 589486WEBSITE:&nbsp=
;http://www.takx.com.sg&nbsp;





Note: To unsubscribe from this m=
ailing list, please reply to this message and indicate UNSUBSCRIBE in the=
 subject header.




























=




--=_5hnxQritIQ5kRef5j0+yCZCfa6V06I+hHrkIdVKFY4MpBEww
Content-Type: text/html; charset=iso-8859-15
Content-Transfer-Encoding: quoted-printable

<p><span style=3D"font-size: small;">The  last GST rate change (from 5% t=
o  7%) occurred more than 15 years ago,  in 2007. Many would have  forgot=
ten the experience and some might not  have even entered the  workforce t=
hen. Come 1 January 2023, the GST rate  in Singapore will be  raised agai=
n, this time from the current 7% to 8%.<br /><br />If  you're a  GST-regi=
stered business, it is crucial that you start your  preparations  for the=
 impending rate change early. The cost of  non-compliance with  GST rules=
 will only increase with the rate increase  and this needs to  be careful=
ly managed.<br /><br />With this in mind, we  have identified key  areas =
that need to be addressed before the new GST  rate takes effect,  and wil=
l be covering them during our flagship  workshop.</span></p>
<div lang=3D=
"x-western">
<p><span style=3D"font-size: small;"><span style=3D"font-si=
ze: small;">Our flagship&nbsp;<strong>Mastering the Basic &amp; Intermedi=
ate Concepts of GST</strong>&nbsp;workshop   will equip you with the know=
ledge on all the Basic &amp; Intermediate   Concepts of GST - including G=
ST treatment for international services,   exports, disbursement vs reimb=
ursment, gifts/benefits-in-kind for staff   and business associates, and =
updates on recent changes - that will   enable you to complete the GST F5=
 return correctly and accurately, and   avoid costly penalties.&nbsp;<str=
ong>&nbsp;</strong></span></span></p>
<div>
<div lang=3D"x-western">
<=
div lang=3D"x-western">
<div lang=3D"x-western">
<div lang=3D"x-western=
">
<div lang=3D"x-western">
<div lang=3D"x-western">
<div lang=3D"x-we=
stern">
<div lang=3D"x-western">
<div lang=3D"x-western">
<div lang=3D=
"x-western">
<div lang=3D"x-western">
<div lang=3D"x-western">
<div la=
ng=3D"x-western">
<div lang=3D"x-western">
<div lang=3D"x-western">
<d=
iv lang=3D"x-western">
<div lang=3D"x-western">
<div lang=3D"x-western"=
>
<p><strong><span style=3D"font-size: small;"><span style=3D"font-size:=
 small;">Key topics:</span></span></strong></p>
<ul>
<li><strong><span =
style=3D"font-size: small;"><span style=3D"font-size: small;">Overview of=
 GST</span></span></strong></li>
<li><strong><span style=3D"font-size: s=
mall;"><span style=3D"font-size: small;">Types of Supply</span></span></s=
trong></li>
<li><strong><span style=3D"font-size: small;"><span style=3D=
"font-size: small;">Output Tax vs Input Tax</span></span></strong></li>
=
<li><strong><span style=3D"font-size: small;"><span style=3D"font-size: s=
mall;">Tax Invoice, Simplified Tax Invoice, Receipts</span></span></stron=
g></li>
<li><strong><span style=3D"font-size: small;"><span style=3D"fon=
t-size: small;">Foreign Currency Invoice</span></span></strong></li>
<li=
><strong><span style=3D"font-size: small;"><span style=3D"font-size: smal=
l;">Credit &amp; Debit Notes</span></span></strong></li>
<li><strong><sp=
an style=3D"font-size: small;"><span style=3D"font-size: small;">Claiming=
 Input Tax</span></span></strong></li>
<li><strong><span style=3D"font-s=
ize: small;"><span style=3D"font-size: small;">Bad Debt Relief</span></sp=
an></strong></li>
<li><strong><span style=3D"font-size: small;"><span st=
yle=3D"font-size: small;">Fringe Benefits - Closed Nexus Test</span></spa=
n></strong></li>
<li><strong><span style=3D"font-size: small;"><span sty=
le=3D"font-size: small;">Imports</span></span></strong></li>
<li><strong=
><span style=3D"font-size: small;"><span style=3D"font-size: small;">Owne=
rship of Goods</span></span></strong></li>
<li><strong><span style=3D"fo=
nt-size: small;"><span style=3D"font-size: small;">Exports</span></span><=
/strong></li>
<li><strong><span style=3D"font-size: small;"><span style=3D=
"font-size: small;">International Services</span></span></strong></li>
<=
li><strong><span style=3D"font-size: small;"><span style=3D"font-size: sm=
all;">Absorption of GST</span></span></strong></li>
<li><strong><span st=
yle=3D"font-size: small;"><span style=3D"font-size: small;">Price Display=
s</span></span></strong></li>
<li><strong><span style=3D"font-size: smal=
l;"><span style=3D"font-size: small;">Reimbursement vs Disbursement</span=
></span></strong></li>
<li><strong><span style=3D"font-size: small;"><sp=
an style=3D"font-size: small;">Open Market Value</span></span></strong></=
li>
<li><strong><span style=3D"font-size: small;"><span style=3D"font-si=
ze: small;">Disposal of Business Asset</span></span></strong></li>
<li><=
strong><span style=3D"font-size: small;"><span style=3D"font-size: small;=
">Purchase of a Brand New Motor Vehicle</span></span></strong></li>
<li>=
<strong><span style=3D"font-size: small;"><span style=3D"font-size: small=
;">Sale of Second-hand Motor Vehicle</span></span></strong></li>
<li><st=
rong><span style=3D"font-size: small;"><span style=3D"font-size: small;">=
Discount vs Rebate</span></span></strong></li>
<li><strong><span style=3D=
"font-size: small;"><span style=3D"font-size: small;">Sponsorship</span><=
/span></strong></li>
<li><strong><span style=3D"font-size: small;"><span=
 style=3D"font-size: small;">Free Samples</span></span></strong></li>
<l=
i><strong><span style=3D"font-size: small;"><span style=3D"font-size: sma=
ll;">Deposits</span></span></strong></li>
<li><strong><span style=3D"fon=
t-size: small;"><span style=3D"font-size: small;">Penalties &amp; Interes=
t</span></span></strong></li>
<li><strong><span style=3D"font-size: smal=
l;"><span style=3D"font-size: small;">Reimbursement of Handphone Bills</s=
pan></span></strong></li>
<li><strong><span style=3D"font-size: small;">=
<span style=3D"font-size: small;">Entertainment &amp; Office Expenses</sp=
an></span></strong></li>
<li><strong><span style=3D"font-size: small;"><=
span style=3D"font-size: small;">Incidental Expenses</span></span></stron=
g></li>
<li><strong><span style=3D"font-size: small;"><span style=3D"fon=
t-size: small;">Record Keeping</span></span></strong></li>
<li><strong><=
span style=3D"font-size: small;"><span style=3D"font-size: small;">Comple=
ting the F5</span></span></strong></li>
<li><strong><span style=3D"font-=
size: small;"><span style=3D"font-size: small;">Updates on recent changes=
<br /></span></span></strong></li>
<li><strong><span style=3D"font-size:=
 small;"><span style=3D"font-size: small;">GST rate change from 7% to 8% =
on 1 Jan 2023 - Transitional rules</span></span></strong></li>
</ul>
<p=
><strong><span style=3D"font-size: small;"><span style=3D"font-size: smal=
l;">Trainer:&nbsp;<a href=3D"http://www.takx.com.sg/trainers/andre-lim/" =
target=3D"_blank">Andre Lim (view profile)</a><br /></span></span></stron=
g></p>
<p><strong><span style=3D"font-size: small;"><span style=3D"font-=
size: small;">Date : Wednesday, 14 December 2022<br /></span></span></str=
ong></p>
<p><span style=3D"font-size: small;"><span style=3D"font-size: =
small;"><strong>Venue : Carlton Hotel, 76 Bras Basah Road</strong><strong=
><br /></strong></span></span></p>
<p><span style=3D"font-size: small;">=
<span style=3D"font-size: small;"><strong>Time : 9:00am to 5:00pm (Regist=
ration starts at 8:45am)</strong><strong>&nbsp;</strong></span></span></p=
>
<p><span style=3D"font-size: small;"><span style=3D"font-size: small;"=
><strong>Fee : $398 per participant (</strong><strong>inclusive of Course=
 Materials, Stationery, Buffet Lunch and Refreshments)</strong></span></s=
pan></p>
<p><strong><span style=3D"font-size: small;"><span style=3D"fon=
t-size: small;">Types of Funding available&nbsp;</span></span></strong></=
p>
<p><span style=3D"font-size: small;"><span style=3D"font-size: small;=
">1)&nbsp;<strong>SDF Funding</strong><br />&nbsp;&nbsp;&nbsp; $14 per pa=
rticipant is available for company-sponsored participants who are Singapo=
reans/PRs<br />&nbsp; &nbsp; For more information, please visit&nbsp;<a h=
ref=3D"https://www.ssg.gov.sg/programmes-and-initiatives/funding/funding-=
for-employer-based-training.html">www.ssg.gov.sg/programmes-and-initiativ=
es/funding/funding-for-employer-based-training.html</a>&nbsp;</span></spa=
n></p>
<p><span style=3D"font-size: small;"><span style=3D"font-size: sm=
all;">2)&nbsp;<strong>SkillsFuture Credit</strong>&nbsp;</span></span></p=
>
<p><span style=3D"font-size: small;"><span style=3D"font-size: small;"=
>&nbsp;&nbsp;&nbsp;You   may utilise your SkillsFuture Credit to fund the=
 course fee of this   workshop. It must be an individual-initiated attend=
ance and not under   company training arrangement.<br />&nbsp;&nbsp;&nbsp=
; For more information, please visit&nbsp;<strong><a href=3D"https://www.=
myskillsfuture.gov.sg/content/portal/en/career-resources/career-resources=
/education-career-personal-development/SkillsFuture_Credit.html">www.mysk=
illsfuture.gov.sg/content/portal/en/career-resources/career-resources/edu=
cation-career-personal-development/SkillsFuture_Credit.html</a></strong><=
/span></span></p>
<p><span style=3D"font-size: small;"><span style=3D"fo=
nt-size: small;">To sign up for the workshop,&nbsp;<strong>please&nbsp;</=
strong><strong><a href=3D"https://www.takx.com.sg/components/workshops/ma=
stering-the-basic-and-intermediate-concepts-of-gst.html" target=3D"_blank=
">register&nbsp;online</a>&nbsp;</strong>so   that we may reserve a seat =
for you. Once we have received your   registration details, we will send =
you a confirmation email along with   an invoice to facilitate your payme=
nt.</span></span></p>
<div lang=3D"x-western">
<div lang=3D"x-western">=
<span style=3D"font-size: small;"><span style=3D"font-size: small;">Since=
   2007, TAKX Solutions has trained more than 15,000 participants from   =
over 6,000 organisations with our range of GST, tax, finance, risk   mana=
gement and international trade documentation workshops. In the   coming w=
eeks, Takx Solutions will be conducting the following   workshops:&nbsp;<=
/span></span></div>
<div lang=3D"x-western"><span style=3D"font-size: sm=
all;"><span style=3D"font-size: small;">&nbsp;</span></span></div>
<div =
lang=3D"x-western"><strong><span style=3D"font-size: small;"><span style=3D=
"font-size: small;">Taxation&nbsp;</span></span></strong></div>
<div lan=
g=3D"x-western">
<div lang=3D"x-western">
<div lang=3D"x-western">
<di=
v lang=3D"x-western">
<div lang=3D"x-western">
<div lang=3D"x-western">=

<div lang=3D"x-western">
<div lang=3D"x-western">
<div lang=3D"x-west=
ern">
<div lang=3D"x-western">
<div lang=3D"x-western">
<div lang=3D"x=
-western">
<div lang=3D"x-western">
<div lang=3D"x-western">
<div lang=
=3D"x-western">
<div lang=3D"x-western">
<div lang=3D"x-western">
<div=
 lang=3D"x-western">
<div lang=3D"x-western">
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-western">
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=3D"x-western">
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<div lang=3D"x-western">
<ul>
<li>=
<span style=3D"font-size: small;"><span style=3D"font-size: small;">Withh=
olding Tax on 1 Dec (Thu)</span></span></li>
<li><span style=3D"font-siz=
e: small;"><span style=3D"font-size: small;">Preparing for GST Rate Chang=
e webinar on 9 Dec (Fri)</span></span></li>
<li><span style=3D"font-size=
: small;"><span style=3D"font-size: small;">Preparing for GST Rate Change=
 workshop (classroom-based) on 13 Dec (Tue)</span></span></li>
<li><span=
 style=3D"font-size: small;"><span style=3D"font-size: small;">How to Com=
plete IR8A &amp; IR21 on 12 Jan (Thu) - conducted by our sister company K=
C Academy, please visit&nbsp;<a href=3D"https://www.kcacademy.com.sg/comp=
onents/workshops/how-to-complete-ir8a-and-ir21-15th-run.html">www.kcacade=
my.com.sg</a>&nbsp;for details</span></span></li>
<li><span style=3D"fon=
t-size: small;"><span style=3D"font-size: small;">Fundamentals of Corpora=
te Tax on 3 Feb (Fri)</span></span></li>
<li><span style=3D"font-size: s=
mall;"><span style=3D"font-size: small;">Introduction to Transfer Pricing=
 on 22 Mar (Wed)</span></span></li>
</ul>
</div>
<div lang=3D"x-wester=
n"><span style=3D"font-size: small;"><strong>Finance / Accounting&nbsp;</=
strong><br /> </span>
<ul>
<li><span style=3D"font-size: small;"><span =
style=3D"font-size: small;">Introduction to Process Automation for Accoun=
tants with Power Query on 14 Dec (Wed)</span></span></li>
<li><span styl=
e=3D"font-size: small;"><span style=3D"font-size: small;">Introduction to=
 Consolidated Accounts on 3 Feb (Fri)</span></span></li>
<li><span style=
=3D"font-size: small;"><span style=3D"font-size: small;">Accounting for D=
eferred Tax on 10 Mar (Fri)</span></span></li>
<li><span style=3D"font-s=
ize: small;"><span style=3D"font-size: small;">introduction to Data Analy=
tics for Accountants with Power BI on 25 May (Thu)</span></span></li>
</=
ul>
<p><strong><span style=3D"font-size: small;"><span style=3D"font-siz=
e: small;">International Trade Documentation</span></span></strong></p>
=
<ul>
<li><span style=3D"font-size: small;"><span style=3D"font-size: sma=
ll;">Understanding Incoterms 2020 on 9 Dec (Fri)</span></span></li>
<li>=
<span style=3D"font-size: small;"><span style=3D"font-size: small;">Under=
standing Pitfalls in LC Transactions on 17 Jan (Tue)</span></span></li>
=
<li><span style=3D"font-size: small;"><span style=3D"font-size: small;">T=
he Basics of Import/Export &amp; International Trade on 22 Feb (Wed)</spa=
n></span></li>
<li><span style=3D"font-size: small;"><span style=3D"font=
-size: small;">Understanding the Essentials of Letters of Credit on 24 Fe=
b (Fri)</span></span></li>
<li><span style=3D"font-size: small;"><span s=
tyle=3D"font-size: small;">How to Handle Export LCs &amp; BLs: Understand=
ing the ISBP 745 &amp; Clarifications to UCP 600 on 28 Apr (Fri)</span></=
span></li>
</ul>
</div>
<p><strong><span style=3D"font-size: small;"><=
span style=3D"font-size: small;">Finance for Non-Finance</span></span></s=
trong></p>
<ul>
<li><span style=3D"font-size: small;"><span style=3D"fo=
nt-size: small;">Effective Cash Flow Management, Budgeting &amp; Analysis=
 on 15 Dec (Wed)</span></span></li>
<li><span style=3D"font-size: small;=
"><span style=3D"font-size: small;">Understanding Financial Statements fo=
r Non-Finance Personnel on 15 Feb (Wed)</span></span></li>
</ul>
</div>=

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x-western">
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g=3D"x-western">
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<div lang=3D"x=
-western"><span style=3D"font-size: small;"><span style=3D"font-size: sma=
ll;">To find out more about these workshops and to download the registrat=
ion forms, please visit&nbsp;&nbsp;<a href=3D"http://www.takx.com.sg/" ta=
rget=3D"_blank">www.takx.com.sg</a></span></span></div>
</div>
</div>
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<p><span style=3D"font-size: small;">=
<span style=3D"font-size: small;">In the mean time, if you have any enqui=
ries, I'll be glad to answer them on tel: 6293 9068.</span></span></p>
<=
p><span style=3D"font-size: small;"><span style=3D"font-size: small;">Loo=
king forward to your participation in our workshop!&nbsp;</span></span></=
p>
<div lang=3D"x-western">
<div lang=3D"x-western"><address>
<div lan=
g=3D"x-western">
<div lang=3D"x-western">
<div lang=3D"x-western">
<di=
v lang=3D"x-western">
<div lang=3D"x-western"><address><span style=3D"fo=
nt-size: small;"><span style=3D"font-size: small;">Jay Goh</span></span><=
/address><address><span style=3D"font-size: small;"><span style=3D"font-s=
ize: small;">&nbsp;</span></span></address><address><span style=3D"font-s=
ize: small;"><span style=3D"font-size: small;">TAKX Solutions Pte Ltd</sp=
an></span></address><address><span style=3D"font-size: small;"><span styl=
e=3D"font-size: small;">Tel: 6293 9068</span></span></address><address><s=
trong><span style=3D"font-size: small;"><span style=3D"font-size: small;"=
>We've moved! We're now located at:&nbsp;</span></span></strong></address=
><address><span style=3D"font-size: small;"><span style=3D"font-size: sma=
ll;">960 Dunearn Road #06-25</span></span></address><address><span style=3D=
"font-size: small;"><span style=3D"font-size: small;">Singapore 589486</s=
pan></span></address><address><span style=3D"font-size: small;"><span sty=
le=3D"font-size: small;">WEBSITE:&nbsp;<a href=3D"http://www.takx.com.sg/=
" target=3D"_blank">http://www.takx.com.sg</a>&nbsp;</span></span></addre=
ss></div>
</div>
</div>
</div>
</div>
<div lang=3D"x-western">
<p><=
strong><span style=3D"font-size: small;"><span style=3D"font-size: small;=
">Note: To unsubscribe from this mailing list, please reply to this messa=
ge and indicate UNSUBSCRIBE in the subject header.</span></span></strong>=
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<div lang=3D"x-western">
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