Course Detail(TAX247v : Withholding Tax - Fundamentals that Accountants Need to Know! (Live Webinar))

UTAP Funding

TAX247v : Withholding Tax - Fundamentals that Accountants Need to Know! (Live Webinar)

3.50 CPE Hours (Others)
Live Webinar

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.


Programme Objective
 
Withholding 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 course 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.

Programme Outline

 

  • What is withholding tax
  • Types of payments subject to withholding tax
    • Interest
    • Royalties
    • Technical assistance fees
    • Rent from moveable property
    • Directors’ remuneration
    • Non-Resident Professionals
    • Non-Resident Public Entertainers
  • Concept of Permanent Establishment
  • Deemed sources of income - sec 12
  • Administrative procedures - sec 45, 45A
  • Withholding tax and e-commerce transactions
  • Rights Based Approach for Characterising Software Payments and Payments for the Use of or the Right to Use Information and Digitised Goods
  • Withholding Tax and Tax Treaties
  • Waiver of Withholding Tax
  • Date of Payment of withholding tax
  • Penalties
  • Case Studies
  • Latest updates from IRAS

 

Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

 

Training Methodology

Lecture style

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

A Foundation to Intermediate level programme intended for Accounting, Finance and Tax Professionals. Personnel who are involved in handling payments, negotiating contracts for the company, and those who wish to gain knowledge in withholding tax. (Participants must have basic knowledge of Singapore tax system.)

Competency Mapping

Others = 3.50 Hours

Schedule & Fees

Date & Time

19 Sep 2024 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 220.18
For Non-Members: $ 261.60

Programme Facilitator(s)

A. Geetha

Venue

Online Classroom in or outside of
Singapore

Testimonial


Geetha has explained simply and easy to understand on the rules and guidelines on the Withholding tax. This make it a breeze to
apply in our workplace. She is open to questions we had in the lesson, and answered them professionally. This greatly increased our knowledge on the Withholding Tax. Highly recommended for those who has little or none knowledge on the Withholding Tax.

Past Participant


This training gave me a fundamental knowledge of what withholding tax is and gave me the understanding of when withholding tax should be applied.

Past Participant

Funding

1] NTUC Union Training Assistance Programme (UTAP)

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2025.

*Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This excludes material fees, registration fees, misc. fees etc.

This course is approved for UTAP support for intakes conducted between 08 February 2024 – 31 March 2025.

As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.

For more information on UTAP Funding and to submit for UTAP claims, please visit https://www.ntuc.org.sg/uportal/programmes/union-training-assistance-programme. Terms and conditions apply.

Programme Facilitator(s)


A. Geetha
CA (Singapore) with Certificate for Practice, MBA (Investment and Finance)


Geetha is the founder partner of a Certified Public Accounting Firm. She has more than 20 years of experience in handling Singapore Tax issues and cross border tax issues.

She regularly trains and updates practising and non-practising CAs and the general public in related field on Singapore Income Tax. She has also lectured on the Singapore Income Tax and Planning for ACCA students and students aspiring to be Chartered Financial Planners (CFP).

She has authored revision kits for tax students and also acted as an appointed examiner for an Advanced Tax Paper. 

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.


Programme Objective
 
Withholding 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 course 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.

Programme Outline

 

  • What is withholding tax
  • Types of payments subject to withholding tax
    • Interest
    • Royalties
    • Technical assistance fees
    • Rent from moveable property
    • Directors’ remuneration
    • Non-Resident Professionals
    • Non-Resident Public Entertainers
  • Concept of Permanent Establishment
  • Deemed sources of income - sec 12
  • Administrative procedures - sec 45, 45A
  • Withholding tax and e-commerce transactions
  • Rights Based Approach for Characterising Software Payments and Payments for the Use of or the Right to Use Information and Digitised Goods
  • Withholding Tax and Tax Treaties
  • Waiver of Withholding Tax
  • Date of Payment of withholding tax
  • Penalties
  • Case Studies
  • Latest updates from IRAS

 

Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

 

Training Methodology

Lecture style

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

A Foundation to Intermediate level programme intended for Accounting, Finance and Tax Professionals. Personnel who are involved in handling payments, negotiating contracts for the company, and those who wish to gain knowledge in withholding tax. (Participants must have basic knowledge of Singapore tax system.)

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

A. Geetha
CA (Singapore) with Certificate for Practice, MBA (Investment and Finance)


Geetha is the founder partner of a Certified Public Accounting Firm. She has more than 20 years of experience in handling Singapore Tax issues and cross border tax issues.

She regularly trains and updates practising and non-practising CAs and the general public in related field on Singapore Income Tax. She has also lectured on the Singapore Income Tax and Planning for ACCA students and students aspiring to be Chartered Financial Planners (CFP).

She has authored revision kits for tax students and also acted as an appointed examiner for an Advanced Tax Paper. 

Upcoming Schedule

Date & Time

19 Sep 2024 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 220.18
For Non-Members: $ 261.60

Programme Facilitator(s)

A. Geetha

Venue

Online Classroom in or outside of
Singapore