Jed Tax Consulting Pte Ltd
"Jed Tax Consulting is a leading independent GST consulting firm in Singapore, which specializes in Goods and Services Tax (GST). Jed Tax is supported by a team of accredited tax specialists with vast experience in IRAS and Big 4 accounting firms. We also partner CPA and law firms to advise on their clients complex GST matters and in-house training."
Extra Info
Title: Jed Tax Consulting | GST Consulting Firm | Singapore
URL Source: http://www.jedtax.com/
Markdown Content:
Jed Tax
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Jed Tax Consulting | GST Consulting Firm | Singapore
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Call us anytime
+65 9070 6167
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Insights
Apr
4
Navigating the New Landscape of Related Party Financial Transactions: A GST and Transfer Pricing Perspective
Learn how GST and transfer pricing impact related party financial transactions in Singapore. A practical guide for staying compliant and tax-efficient.
Dec
3
Receiving Advance Payment from New Customer and the 60-Day Rule for Export of Goods
Learn about Singapore's 60-day GST rule for exports and how businesses can navigate challenges when receiving advance payments from overseas customers. Discover how our team secured a 1-year extension for a client, ensuring compliance, operational flexibility, and competitive pricing.
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Oct
11
Understanding the Shift: Corporate Tax Audit Recoveries Surpass GST in Singapore
Penalties in corporate tax audits now outpace GST - What does this mean for your business and audit risks? Find out more!
Jan
12
Doubling of GST error threshold from S$1,500 to S$3,000 - UPDATE!
The IRAS has finally updated the GST error threshold from $1,500 to S$3,000 with effect from 1 January 2024. What this means is that if you make error with GST implications of less than $3,000 and the total non- GST amounts in error is not more than 5% , you can choose to adjust the errors in your next GST F5 filing.
May
25
Herbalife vs Comptroller of Goods and Services Tax - Is this the beginning of a lower GST registration threshold?
This is one of the most interesting GST cases in recent years and we applaud the taxpayer and lawyers for their grit to bring the appeal all the way up to the high court.
Dec
16
Overseas Vendor Registration (OVR) Regime – UPDATE!
From 1 January 2023, the scope of OVR Regime will also be extended to include non-digital services (collectively known as remote services) and LVG. All in effort to level the playing field for local businesses in Singapore to compete effectively.
Dec
16
Reverse Charge – UPDATE!
With effect from 1 January 2023, the application of reverse charge will be extended. The GST will apply to these imported LVG in the same spirit of achieving parity in GST treatment between LVG consumed in Singapore, regardless of where (which country) the supplier belongs.
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Dec
9
GST Update on Digital Payment Tokens
When the IRAS first published the e-tax guide on Digital Payment Tokens, it may have been difficult or troublesome for businesses to determine whether the Digital Payment Tokens supplied can be exempted from GST.
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Workshops & Seminars
CPE HOURS
Sep
16
GST Risks & Controls Series: How to Review Your GST Returns?
Tue, Sep, 16, 9:00am to 12:30pm
This is a recurring seminar for the GST risks and controls series: How to review your GST returns?
CPE HOURS
Dec
10
GST Risks & Controls Series: How to Review Your GST Returns?
Wed, Dec, 10, 9:00am to 12:30pm
This is a recurring seminar for the GST risks and controls series: How to review your GST returns?
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Services
Fiscal Representative and Section 33(1) Agent
In order for foreign companies to register for GST in Singapore, the Inland Revenue Authority of Singapore requires the foreign company to appoint a local agent pursuant to section 33(1) of the GST Act (i.e. also known as the section 33(1) agent) when applying for GST registration in Singapore.
Post ACAP Review (PAR）
The PAR can be done internally unless the Company has GST scheme like the Major Exporter Scheme (MES) or the Import GST Deferment Scheme (IGDS) where the PAR must be performed or certified by an Accredited Tax Practitioner (ATP) or Accredited Tax Advisor (ATA) of Singapore Institute of Accredited Tax Practitioner (SIATP).
GST Assisted Self-Help Kit (ASK) Review
The ASK review is a self assessment compliance package developed by the Inland Revenue Authority of Singapore (“IRAS”) to review the correctness of their GST submission and discover past GST errors early so as to qualify for IRAS Voluntary Disclosure Programme (“VDP”). The ASK review is also necessary for companies who are applying or renewing their GST schemes such as the Major Exporter Scheme (“MES”), Import GST Deferment Scheme (“IGDS”) and the Approved Contract Manufacturing and Trader (“ACMT”) Scheme.
Customised In-House GST Training
Have you ever come across a situation where the topics covered in a GST workshop (e.g. export documents, input tax, fringe benefits, imports etc) are relevant to different departments (e.g. logistic, accounts payable, human resource and finance etc) in your organisation? You feel like sending all of them to the GST workshop but you are afraid that they will get bored and their time is wasted when the trainer shares about topics that are not relevant to their work?
GST Registration
The rules for GST registration in Singapore is simple. As long as the expected and or past value of your taxable supplies (i.e. sales) is more than $1million in a year, you should register for GST.
Retainer Services
Indirect tax is playing a more important role as transactions get more complex. With the introduction of reverse charge with effect from 1 January 2020, partial exempt companies will have additional reporting requirement to account for output tax on imported services.
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Other Services
Malaysia Sales and Services Tax
Malaysia legislated sales tax and service tax with effect from 1 September 2018 under the Sales Tax Act 2018 and Service Tax Act 2018.
Malaysia GST Audit
The Malaysian Customs have been conducting GST close-out audits to check the accuracy of GST returns made since the GST was repealed.
Malaysia Digital Services Tax
With effect from 1 January 2020, any foreign service provider who provides digital services to any consumer in Malaysia, which total revenue from such services exceed Ringgit Malaysia Five Hundred Thousand (RM500,000) in a continuous twelve (12) months calendar period, is liable to register as a service tax registrant. The foreign service provider is then required to charge service tax on any digital service provided to a Malaysian consumer.
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GOT A QUESTION?
About Us
Jed Tax Consulting is a premier independent tax consulting firm based in Singapore, specialising in Goods and Services Tax (GST). Our dedicated team of accredited tax specialists have vast experience in both IRAS and Big 4 accounting firms. We also partner with audit, accounting and law firms to provide tailored advice on their clients’ complex GST matters and in-house training.
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Our Services
- GST Registration
- Retainer Services
- Customised In-House GST Training
- Post ACAP Review (PAR）
- GST Assisted Self-Help Kit (ASK) Review
Contact Us
- 22 New Industrial Rd, #02-08 Primax Singapore 536208
- +65 6969 0055
- +65 9070 6167
- [email protected]
- www.jedtax.com
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