NOTE:This course (TAX085) has been replaced by the following 2 courses: a) Income Tax Treatment on Foreign-Sourced Income (Code: TAX249) b) Withholding Tax - Fundamentals that Accountant Need to Know! (Code: TAX247)Click on the course title for more details.----------------------------------------------------------------------------------------------------------------------------------Programme ObjectiveWithholding tax is an area, which tends to be overlooked by many companies. The responsibility of withholding tax deduction and accountability lies with the Singapore companies that are making the payments to non-residents. Hence, this programme aims to provide participants with the knowledge of the types of payments that are subject to withholding tax, the administrative procedures that need to be complied with.Also, it is important to know how to avoid or reduce being ‘taxed’ in more than one country for the same source of income. Also it is for participants to have a better understanding on tax treaties and reliefs and exemptions available for Foreign Sourced Income received in Singapore.
Withholding TaxWhat is withholding taxTypes of payments subject to withholding tax InterestRoyaltiesTechnical assistance feesRent from moveable propertyDirectors’ remunerationNon-Resident ProfessionalsNon-Resident Public EntertainersConcept of Permanent EstablishmentDeemed sources of income - sec 12Administrative procedures - sec 45, 45AWithholding Tax and e-commerce transactionsWithholding Tax and Double Tax AgreementsWaiver of withholding taxDate of Payment of Withholding TaxPenaltiesCase StudiesLatest updates from IRAS Foreign Sourced IncomeIncome Tax Treatment on Foreign Sourced Income for Resident and Non Resident Companies.Introduction to Tax Treaties Definitions of the scope of the DTADefinition of Residence and permanent establishmentTreaty treatment on various income including business profits, royalties, dividend and interest income etcTreaty treatment on personal incomeElimination of Double TaxationTax Sparing CreditMutual Agreed ProceduresCase studies of two tax treatiesUnilateral Tax ReliefExemption on tax on foreign sourced income under S13(8) and S 13(12)Latest updates from IRASClosing Date for Registration1 week before programme or until full enrolment.
Withholding Tax
Foreign Sourced Income
1 week before programme or until full enrolment.
Personnel who are involved in handling payments, negotiating contracts for the company, and those who wish to have withholding tax and foreign sourced income knowledge. However, participants must have basic knowledge of Singapore tax system. It is also intended for Personnel who are involved in tax planning or handling corporate tax issues for the companies or clients.
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This Course is Intended for CA Singapore Users..
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