Understanding the GST Treatment for Recovery of Expenses

Date

Friday, 18 July 2025

Time

9AM to 5PM

Location

TBA

Cost

$520.00 nett

Includes lunch, tea breaks, materials and e-certificate

Early Bird Discounts:

• 30% off before 18 June 2025

• 15% off before 3 July 2025

Other Discounts:

• Additional 5% Discount for SCTP Members

*Pricing stated is before discount

Payment Methods

Bank transfer, PayNow, cheque or cash

Workshop Overview

Goods and Services Tax (GST) compliance becomes complex when businesses incur expenses on behalf of clients, partners, or related entities and later seek to recover these costs. Misclassification of such recoveries—whether as reimbursements, disbursements, or recharge of expenses—can lead to incorrect GST reporting, potential penalties, or missed input tax claims.

This interactive workshop is designed to equip finance professionals, accountants, and business owners with a clear understanding of the GST rules governing the recovery of expenses. Participants will gain practical insights into distinguishing between different types of expense recoveries and learn how to apply GST correctly in various business scenarios.

Programme Outline

1. Introduction to GST Treatment for Expense Recovery

• Overview of key concepts

• Importance of correctly classifying expense recovery

2. Key Differences Between Reimbursement and Disbursement

• Definitions and GST implications

• How to determine whether an expense is a reimbursement or disbursement

3. Principal vs. Agent Relationship

• Understanding when you are acting as a principal or an agent

• Key indicators to determine the relationship

• Impact on GST treatment

4. Recovery of Expenses in Different Scenarios

• Ancillary to a Primary Supply

• When expense recovery is part of a main supply

• GST treatment and documentation requirements

• Separate and Not Ancillary to Any Primary Supply

• Cases where expense recovery is an independent transaction

• GST implications

5. Mark-Up vs. Cost Recovery

• Does adding a mark-up change the GST treatment?

• Comparison between recovering expenses at cost vs. with a profit margin

6. Common Pitfalls & Compliance Considerations

• Mistakes to avoid in GST reporting

• Documentation and record-keeping best practices

7. Q&A & Case Studies

• Practical examples to reinforce learning

• Interactive discussion on real-world scenarios

• This structured outline ensures a clear and engaging workshop that covers both theoretical concepts and practical applications of GST treatment for expense recovery.

Key Takeaways

By the end of this session, you will:

✔ Demystify the VCC model, from fund formation to liquidation, and its accounting ramifications.

✔ Master IFRS application for financial instruments, consolidation, and fair value measurement in fund contexts.

✔ Develop valuation expertise, learning to apply methodologies aligned with accounting standards and industry best practices.

✔ Gain operational clarity on currency classification, regulatory reporting, and investor disclosures.

✔ Solve practical challenges through case studies that simulate fund accounting dilemmas.

Who Should Attend?

• Accountants, tax professionals, and finance managers

• Business owners and entrepreneurs handling GST reporting

• Auditors and compliance officers

• Professionals seeking clarity on GST treatment for expense recoveries