Course details
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
Course Location
About Tax Academy Singapore
The mission of Tax Academy of Singapore is to raise the professional competency of the tax community in Singapore and develop Singapore into a regional tax knowledge hub. A not-for-profit institution, the Tax Academy is set up by the Inland Revenue Authority of Singapore in collaboration with the international accounting firms, Deloitte & Touche, Ernst & Young, KPMG, PricewaterhouseCoopers, as well as the Institute of Singapore Chartered Accountants and the Law Society of Singapore. he Tax Academy of Singapore shall raise the professional competency of the tax community and develop our standing as a leading centre in taxation and regional tax knowledge hub.
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