Singapore Corporate Income Tax
Accounting & Finance
SGD 2,180 (2 days)
(SGD 254 after MAX Funding)
10 Oct - 11 Oct 2024
9:00 am - 5:30 pm
NUS Business School
Basic
Overview
Attain practical understanding of Singapore's corporate tax system
This short course (delivered face-to-face) aims to provide you with basic knowledge of corporate income tax laws, principles and practices in Singapore:
- Gain practical understanding of Singapore’s corporate tax system
- Prepare corporate tax computations
- Apply simple and effective tax planning techniques to improve your company’s net profit after tax
Note: This course qualifies for 12 CPE hours with ISCA, subject to the verifiable learning requirements. For more information, please visit the ISCA website here.
Topic Coverage
This course will address the following:
- Overview of Singapore’s tax regime
- Basis of income taxation
- Tax residency status and why it matters for corporate taxpayers
- Various types of taxable income derived by companies
- Deemed source income
- Rules for claiming deductible expenses and donations against taxable income
- Special deductions, further deductions and prohibited expenses
- Claiming and deferring claim for capital allowances
- Plant and machinery allowances
- Writing down allowances
- Rules for claiming tax loss items, such as, unabsorbed capital allowances, trade losses and donations
- Group relief, carry forward and carry back of loss items
- Taxation of non-residents and withholding tax rules in Singapore
- Taxation of foreign income and ways of seeking relief from double taxation
- Case studies on preparation of tax computations for both profitable and loss-making entities
- Use of exemptions and reliefs to defer and minimize corporate income tax liabilities
Practical examples, illustrations and case studies (including recent court cases) will be used to help you relate and apply to real-life tax situations.
Who Should Attend
All individuals who aspire to embark on a tax career covering corporate income tax and non-tax professionals concerned with the company's bottom-line and who work closely with tax staff to achieve higher profits-after-tax for the company.
Application Procedure & Deadline
Participants are strongly advised to apply at least 2 weeks in advance.
Pre-Requisites
Basic understanding of financial accounting and business laws in Singapore.
| Self-Sponsored | SME (ETSS Scheme) Company-Sponsored |
Non-SME Company-Sponsored |
|
| Course Fees | S$2,180.00 | S$2,180.00 | S$2,180.00 |
| Singapore Citizens & PRs | S$654.00 | S$254.00^ | S$654.00 |
| Singapore Citizens aged 40 years and above (MCES Scheme) | S$254.00 | S$254.00^ | S$254.00 |
The above prices are quoted in Singapore dollars (SGD), inclusive of 9% GST.
The applicable funding is for Singaporeans and Singapore PRs. It is subject to change and in accordance with SSG funding guidelines as of course commencement.
^ This course could be eligible for SkillsFuture Enterprise Credit(SFEC) – Workforce Transformation. Click here for more information.
Faculty
POH, Simon
Associate Professor AccountingPeople who viewed this course also visited:
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