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Fundamentals of Corporate Tax - 74th Run

SDF Funding Available
SkillsFuture Credit Available

With an emphasis on tax planning, the Fundamentals of Corporate Tax workshop is crafted to help participants review the fundamentals of Singapore corporate tax concepts and mechanisms and learn to apply them successfully in their everyday business. Practical examples, illustrations and case studies will be used to enable participants to relate and apply to real-life tax situations.

By the end of this workshop, participants will :

  1. Be aware of the major changes and topical points that have arisen over recent months;
  2. Understand the key features of the Singapore tax system; and
  3. Be able to take an active stance in planning taxation so that it becomes a reasonable expense to the company, rather than an unreasonable burden.

Key Topics

Overview of Singapore Taxation System

1. Taxability of income

  • Revenue vs capital gain
  • Singapore sourced vs foreign sourced income

2. Deductibility of expenses

  • General deduction provisions under the Singapore Income Tax Act 1947 (e.g. medical expenses and motor car expenses)
  • Specific deduction provisions under the Singapore Income Tax Act 1947 (e.g. interest expenses and Renovation & Refurbishment expenditure)

3. Claiming Allowances

  • Capital allowances
  • Writing down allowances for Intellectual Property Rights
  • Mergers & Acquisitions allowances
  • Land Intensification allowances

4. Unabsorbed tax losses and capital allowances

5. Group relief regime

6. Foreign tax credit

Selected tax incentives in Singapore

7. Statutory incentives under Singapore Income Tax Act 1947

8. Discretionary incentives

  • Under Singapore Income Tax Act 1947
  • Under Economic Expansion Incentives (Relief from Income Tax) Act 1967

Tax Filing for Year of Assessment 2023

9. Criteria for filing Form C-S

10. Corporate tax rate and rebate

11. Related party transaction form

12. Tax planning tips to reduce corporate tax

Tax computation formats

13. For a trading company

14. For a holding company

Case studies/Examples

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Date

Thursday, 18 Apr 2024
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Time

01:00 AM - 09:00 AM

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CPE Hours

7

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Location

Carlton Hotel, 76 Bras Basah Road, S(189558)

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Cost

$398 nett per participant (inclusive of course materials, e-certificate, lunch, tea breaks & refreshments)

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Payment Methods

Bank transfer, PayNow, cheque or cash

Trainer

Photo of Wong Kok Siong

Wong Kok Siong

Register Online or Download the Registration Form and email to enquiries@takx.com.sg

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Complete registration form below and submit.

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Look out for confirmation email with soft copy invoice.

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Remit payment by Paynow Corporate (UEN no. 200719590R), bank transfer, cheque or cash to TAKX Solutions Pte Ltd.

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Look out for reminder email closer to workshop date.

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* Upon receipt of registration, any cancellation must be confirmed in writing, and will be subject to a 10% administrative charge. If notice of cancellation is received less than 5 working days before the course date, or if participant fails to show, participants will be invoiced for the full fee. However, substitutes will be allowed. TAKX Solutions Pte Ltd reserves the right to cancel/postpone the event or change the venue/date/time of the workshop in view of unforeseen circumstances. By clicking SUBMIT, you agree to our collection, use and/or disclosure of your personal data to the extent necessary to process your request and provide you with this service.

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Date: Thursday, 18 Apr 2024 1:00 AM - 9:00 AM
Venue: Carlton Hotel, 76 Bras Basah Road, S(189558)
Date: Thursday, 11 Jul 2024 1:00 AM - 9:00 AM
Venue: Carlton Hotel, 76 Bras Basah Road, S(189558)
Date: Tuesday, 27 Aug 2024 1:00 AM - 9:00 AM
Venue: Carlton Hotel, 76 Bras Basah Road, S(189558)
Date: Wednesday, 25 Sep 2024 1:00 AM - 9:00 AM
Venue: Carlton Hotel, 76 Bras Basah Road, S(189558)
Date: Tuesday, 12 Nov 2024 1:00 AM - 9:00 AM
Venue: Carlton Hotel, 76 Bras Basah Road, S(189558)