Executive Tax Programme Level II (GST) Financial Sector & Services Module (Mod 2) هذه الدورة تدرس باللغة الإنجليزية

تفاصيل الدورة

Course Details

Banks & Merchant Banks/ Futures

• What are the exempt financial services?
• Acting as a principal versus acting as an agent in respect of the supply of these exempt financial services
• Input tax recovery applicable to the banks and financial institutions
• The characteristics of a futures contract
• The importance of futures as hedging mode
• GST treatment on the various income derived by SGX-DT members

Stockbroking & Insurance (Includes deemed Input Tax on insurance cash payments)

• Listed and unlisted equity securities
• GST treatment of supplies arising from share transactions
• Provision of broking services to an inpidual, a company and a fund manager
• GST treatment of the various income derived by SGX-ST members
• Input tax recovery methods to be adopted by stockbroking companies
• Direct general insurance versus life insurance contarcts
• General reinsurance and life reinsurance contracts
• GST treatment on the commission earned by agents and brokers
• Self-billing tax invoice issued by insurer for commission due to GST-registered broker and agent
• Input tax recovery applicable to insurance companies

Fund Management & Trust Services

• GST treatment on the income derived by fund manager
• The recovery of brokerage charges and other exchanges fees incurred by the fund manager in respect of shares traded on local exchange and overseas exchanges from its client
• Input tax recovery methods to be adopted by fund manager
• The GST treatment on the trust services
• Belonging status of a trust