This is an e-learning programme and also a module from the ISCA Professional Business Accountant (PBA) Programme.
 
Upon successful registration and payment, you will be notified via email within 10-15 mins on your enrolment confirmation with user instructions to access this programme.
 
Please complete all topics and sub-topics within the E-Learning courseware.
(The programme and assessment is valid for 6 months from the date of purchase)


Programme Objective

The tax function is assuming a more important role in finance given the increasing worldwide scrutiny by tax authorities. Accountants, especially those with decision-making roles, should be aware of the fundamental corporate tax rules that affect a company’s corporate tax liabilities, including its compliance obligations. This is notwithstanding that the company may already have engaged the services of an external tax agent. If the company has cross-border transactions, then this responsibility will extend beyond local tax laws to cover international tax regimes. 

Apart from tax compliance, accountants should be aware of tax implications arising from entering into different business transactions.  This includes taking measures to mitigate any potential tax risks as well as formulating effective tax planning strategies to improve a company’s bottom line, i.e. net profit after tax.

This module will provide you an overview of the fundamental corporate tax rules that affect a company’s tax liabilities, including its compliance obligations and the consequences of non-compliance. It also discusses several common tax implications that can arise from different business transactions and suggests some strategies to formulate effective tax planning.


By the end of this course, participants will be able to:

• Understand a company’s corporate and other tax obligations
• Understand the basic corporate tax rules in Singapore
• Appreciate the tax implications from common business transactions 
• Implement policies to mitigate tax risks and seek tax planning opportunities

Programme Outline

 

• Corporate Tax and Other Tax Obligations
  • Overview of Singapore Tax System
  • Company’s responsibilities on applicable taxes
  • Consequences for non-compliance
• Basic Corporate Tax Rules in Singapore
  • What constitutes taxable income?
  • Deductibility of expenses and capital allowances
  • Utilisation of tax loss items
  • Common tax schemes that help to reduce a company’s tax
• Tax implications from Business Transactions
  • Transfer Pricing
  • Identifying exposures to different taxes from transactions with local and overseas third parties
  • Considering tax issues for investment and business decisions
  • Vetting all business agreements to mitigate any potential tax risks
• Tax Planning
  • Adoption an effective and defensible tax planning strategy
  • Common tax planning ideas

Training Methodology

E-Learning (24/7) with video and MCQ Assessment

No cancellation or change in programme enrolment once the enrolment is successful.

Click here for ISCA E-Learning User Guide.

Intended For

A Foundational to Intermediate level course for accounting and finance professionals who are involved in tax matters and/or working closely with the tax agent. Non-tax professionals who wish to acquire a good understanding and appreciation of taxation in Singapore will also benefit from the course.

Competency Mapping

Others = 2.00 Hours

Programme Facilitator(s)