IRAS Focus on the New GST Fraud Law: All GST Registered Businesses to Comply with Additional Conditions to Claim Input Tax w.e.f. 1 January 2021

Event Date

From Monday 20 Sep 2021 - 09:00 AM To Monday 20 Sep 2021 - 05:00 PM

Venue

TBC

Organiser

See Event Outline

Practice Area

Tax

Training Level

Intermediate

Public CPD Points

Event Outline

This event is organised by Wolters Kluwer. The biggest challenge faced by businesses is being caught unawares on their involvement in missing trader fraud (MTF), by IRAS. Hence, on 10 February 2021, IRAS released a new e-tax guide to provide a structured guide on the implementation of due diligence checks to protect their input tax claims, whilst avoiding the risk of MTF involvement. Effective 1 January 2021, this new law affects all GRBs and they will have to comply with IRAS requirements.

Event Link

OTH-35M-210350

Event Attachment