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Reimbursements and disbursements: unraveling GST mysteries

Do you know the difference for GST purposes between reimbursements and disbursements?

Start date and time

September 12, 2013 9:00 AM

End date and time

September 12, 2013 3:30 PM

Time zone:

(GMT+08:00) Kuala Lumpur, Singapore

Venue

Pan Pacific Singapore
Singapore

Contact information

Noeline Keiser
Tel : +65 6530 5575
Email: nkeiser@deloitte.com

Registration options

Online

Event registration is closed.

Payment Information

S$130 for clients/alumni of Deloitte

S$180 for non-clients

Crossed cheques are to be made payable to “Deloitte & Touche LLP” and mailed to:
Deloitte & Touche LLP
6 Shenton Way #32-00, Tower Two, Singapore 068809
Attn: Noeline Keiser

Cancellation Information

We regret that fees are not refundable. Replacement is permissible with substitute attendees.


Reimbursements and disbursements are commonly incorrectly treated for GST purposes and hence are almost always reviewed by IRAS during any audit process.

Is that intercompany recharge subject to GST or not? Can you recover all the GST you incur on a cost recovery? How do you handle cost plus arrangements? Knowing the difference between reimbursements and disbursements is essential as they are treated very differently for GST reporting purposes and hence, if incorrectly treated could result in underpayment of GST and possible imposition of penalties.

  • Do you receive non-refundable deposits as retainer or receive monies placed in your firm’s office account?
  • How do you treat the monies received for GST purpose?
  • Do you track GST on intercompany transactions?
  • Do you handle conferences, travel and hotel bookings on behalf of other businesses?
  • Do you incur charges on behalf of your client? When you recover those charges, do you charge GST?
  • Do you have concerns in your day-to-day job function?
  • Are you certain of the GST treatment applied?

We invite you to join us for a half day seminar where we will bring you through the differences between reimbursements and disbursements and how you should be treating them for GST purposes. 

We look forward to seeing you at our GST seminar. Do not wait too long to sign up – seats are limited as we are restricted to 30 places for each session.

Event registration is closed.

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