Budget 2025

Deep Dive into GST Insights for S-REITs/S-RBTs

Join Our GST Seminar on 20 August 2025

Date: 20 Aug 2025; 9am – 5pm

Fee - $540 (inclusive of GST) per person

Enjoy a 5% discount for SCTP members or 10% discount for three participants or 20% for four or more participants

(inclusive of course materials, e-certificate, buffet lunch, tea breaks and refreshments)

Venue – Sheraton Hotel (near Newton MRT)

CPE points would be awarded

 

The Budget 2025 announced the 5-year extension of the GST concession for Singapore listed Real Estate Investment Trusts (S-REITs), their special purpose vehicles (SPVs), and Singapore listed Registered Business Trusts (S-RBTs) to 31 December 2030.  Over the years there have been changes to the GST legislations such as the introduction of reverse charge regime with effect from 1 January 2020 and the extension of the reverse charge regime to low-value goods with effect from 1 January 2023.  It is important to understand how these recent GST developments and IRAS updates affect the GST compliance of S-REITs/S-RBTs.

Besides, if the S-REIT/S-RBT has been awarded ACAP status, one of the requirements is for the compliance team to attend periodic training to keep abreast with the latest development of GST legislation and practices.  To this end, this one-day GST seminar specific to S-REITs/S-RBT is to equip the team handling the GST compliance of S-REITs/S-RBTs with update and knowledge on the following areas:

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• Latest developments on GST concessions applicable to S-REITs / S-RBTs

• GST implications of exempt supplies not listed in Regulation 33

• When the "look-through" GST treatment does not apply

• How the reverse charge regime and its extension to low-value goods impact your S-REIT or S-RBT

• Attribution of input tax and apportionment of residual input tax

• Common pitfalls

• Key compliance changes including the removal of the need to submit the Statement of Claims along with the submission of GST return

• Case studies

 

Led by experienced advisor who has advised on REITs and RBTs since the introduction of these legal structures, this seminar includes case-study on the input tax computations for REITs with multi-tier structure, common errors faced and controls that should be put in place to avoid errors.

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Programme Outline

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AM session

1. GST concessions granted to S-REITs / S-RBTs

2. Supplies made by S-REITs / S-RBTs and their multi-tiered SPVs and the GST implications

3. Distinguishing between regulation 33 and non-regulation 33 exempt supplies and the GST implications

4. Partial exemption rules

 

PM session

  5.  Attribution of input tax to various categories of supplies

  6.  Apportionment of residual input tax

  7.  Longer period adjustment

  8.  Case studies on the GST claims including completion of statement of claims, attribution of input tax, apportionment of residual input tax and longer period adjustment

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What can you learn from this seminar

1. When the "Look-Through" GST Treatment Does Not Apply

• Learn about the exceptions to the look-through treatment for multi-tiered structures and how these affect GST input claims.

 

2. Implications of Exempt Supplies Not Listed In Regulation 33

• Identify exempt supplies not listed in Regulation 33 and discover the impact on GST recovery.

 

3. How the Reverse Charge Regime Affects S-REITs/S-RBTs  

• Assess whether your S-REIT/S-RBT is affected by the reverse charge regime, including recent extension to low-value goods.

 

4. GST Compliance Requirements and Recent Changes

• Stay informed on the removal of the Statement of Claims requirement in the submission of the quarterly GST returns and what that means for your compliance process.

• Apportionment of residual input tax

 

Target audience

CFOs, finance team preparing and reviewing GST returns

 

Registration

Registration details:

   i.  Company's Name and Office Address

   ii.  Delegate's Name

   iii. Designation

   iv. Telephone

   v.  Email

   vi. SCTP membership no (where relevant)

 

Please email the following information to info@aep-advisory.com

 

About the Presenter

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Ms Gan Hwee Leng
Tax Partner

Alliance of Associated Advisors (AAA) Pte. Ltd.

Chartered Accountant (Singapore), Accredited Tax Advisor (Income Tax & GST)

 

Hwee Leng is a partner in Alliance of Associated Advisors (AAA) Pte. Ltd. (an entity under AEP LLP), a tax consulting firm, with extensive experience in Goods and Services Tax (GST) matters, both as a regulator and business adviser. She retired as a partner from the Indirect Tax Practice at KPMG in 2022 and remained a consultant with KPMG until September 2024. Prior to her consulting career, Hwee Leng has been with the IRAS for 15 years, involved in tax policy matters on GST as well as corporate tax, advance income tax ruling, international taxation, transfer pricing and tax treaties. Hwee Leng was also part of the GST implementation team in the IRAS and involved in the drafting of the various guides on the operation of GST, the GST legislation, schemes for businesses and audit of businesses.

 

Hwee Leng is one of the contributors to the “Goods and Services Tax – Law & Practice, 2nd edition” and a co-author of “Taxation of Insurance Business in Singapore – Direct and Indirect Taxation”. She has been recognised as one of the leading tax practitioners by the International Tax Review, and one of the leading women tax practitioners by the International Tax Review in the past years.

 

In addition to her consultancy work, Hwee Leng is a trainer at the Singapore Tax Academy and a regular speaker at tax seminars. She had also represented KPMG to attend the OECD Technical Advisory Group / Business and Industry Advisory Committee meetings and was a member of the KPMG Global Indirect Tax Services Policy Group.