GST rate change

We are only four months away from the second GST rate change. It is crucial that all GST-registered businesses make the effort to adequately prepare for the GST rate change.

The Goods and Services Tax (GST) rate in Singapore has increased from 7% to 8% with effect from 1 January 2023 and will increase from 8% to 9% with effect from 1 January 2024.

We are only four months away from the second GST rate change. It is crucial that all GST-registered businesses make the effort to adequately prepare for the GST rate change. The Inland Revenue Authority of Singapore (IRAS) has also issued a new e-Tax guide 2024 GST Rate Change: A Guide for GST-registered Businesses (First Edition) with updates to the transitional rules for the second GST rate change.

Join us for our GST rate change seminar as we discuss key areas that GST-registered businesses should be aware of including the following:

• Transitional rules, including updates for the upcoming rate change.
• The appropriate apportionment methods to apportion the value of the goods delivered or services performed before and on or after 1 January 2024.
•  Existing contracts or agreements straddling the rate change and to determine who will bear the additional GST.
• Adjustment to tax previously charged such as issuance or receipt of credit note, volume-related rebates and returned goods.
• Transforming and making your GST compliance process more efficient and robust by leveraging on technology and automation and the recently announced Productivity Solutions Grant for businesses.

Fees: $140 (Client, EY alumni or SCTP member) and $180 (Public) inclusive of GST

CPE hours: 2 hours

Who should attend

Chief financial officers, tax directors, financial controllers, tax executives, finance managers, accountants and individuals requiring indirect tax knowledge for their functional responsibility (e.g., IT, logistics, legal, sales and purchasing)

Important note:

Please send your payment only after you have received confirmation of your registration. 

EY Corporate Advisors Pte. Ltd. reserves the right to cancel the event or amend the schedule and speakers due to circumstances beyond our control. Registration is on a first-come-first-served basis. We regret that we cannot provide fee refunds, but changes in the personnel attending can be accommodated.

Please note that photographs, video and/or audio recordings (Materials) may be taken during the event. The EY member firms in Singapore may collect, use, reproduce, edit and/or share the Materials for its internal and external publications (which include magazines, newsletters and website), for publicity and marketing purposes, and/or for post-event communications with event attendees. All rights, title and interests in the Materials shall belong to EY. 

Registration has closed for this event. For enquiries, please contact the organizer.