Course Detail(TAX249v : Income Tax Treatment on Foreign-Sourced Income (Synchronous e-learning))
Not Available

SkillsFuture Credit, UTAP Funding

TAX249v : Income Tax Treatment on Foreign-Sourced Income (Synchronous e-learning)

7.00 CPE Hours (Others)
Live Webinar

This session is delivered via live webinar (zoom platform).

A detailed set of instructions on the Live Webinar will be sent to you closer to date.


Programme Objective
 
Generally, Singapore levies tax on foreign-sourced income ‘received in’ Singapore. Exemption may be given to certain foreign-sourced income when the qualifying conditions are satisfied. Hence, it is important to know how to avoid or reduce being ‘taxed’ in more than one country for the same source of income. This course will provide participants with better understanding on tax treaties, reliefs and exemptions that are available for foreign-sourced Income received in Singapore.

Programme Outline

  • Income Tax Treatment on Foreign Sourced Income for Resident and Non Resident Companies
  • Introduction to Tax Treaties
    • Definition and the scope of Double Tax Agreement (DTA)
    • Definition of Residence and Permanent Establishment
    • Treaty treatment on various income including business profits, royalties, dividend and interest income etc.
    • Treaty treatment on personal income
    • Elimination of Double Taxation
    • Tax Sparing Credit
    • Mutual Agreed Procedures
    • Case studies of two tax treaties
  • Unilateral Tax Relief
  • Tax exemption on foreign sourced income under 13 (7A) to 13 (11) and S 13(12)
  • Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI)
  • International Tax Compliance Agreement (A brief discussion on Foreign Account Tax Compliance Act (FATCA), Common Reporting Standards and Country-by-Country Reporting (CbCR))
  • Exchange of Information (EOI)
  • 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. Tax professionals who have corporate or individual clients with multi-jurisdictional tax exposure who seek to legally minimise tax claims against them, will find this course useful. Participants must have basic knowledge of Singapore tax system.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees
Date & Time

16 May 2024 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 318.28
For Non-Members: $ 382.59

Programme Facilitator(s)

A. Geetha

Venue

Online Classroom in or outside of
Singapore
Date & Time

28 Nov 2024 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 318.28
For Non-Members: $ 382.59

Programme Facilitator(s)

A. Geetha

Venue

Online Classroom in or outside of
Singapore

Testimonial


This programme has gained me useful insights on the tax treatments for foreign sourced income. The speaker was knowledgeable and engaged the audience well throughout.

Past Participant


The course is useful in understanding various tax aspect on foreign sourced income and double tax agreements.

Past Participant

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 31 Dec 2024
Course Reference Number: TGS-2020502864

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. You may wish to use your SFC to pay for partial/full ISCA course fees. 

On 1 Oct 2020, the Government provided a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 Dec 2020. Singaporeans aged 40 to 60 by 31 Dec 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500 which can be used for courses under: (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes. This additional SFC (Mid-Career Support) is NOT applicable for use on ISCA courses. (For more information on the SFC scheme, please visit www.myskillsfuture.gov.sg)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $43.20 for any revision of invoice.

 

2] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

To find more on the UTAP funding and support validity period please click here.


Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

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. 

This session is delivered via live webinar (zoom platform).

A detailed set of instructions on the Live Webinar will be sent to you closer to date.


Programme Objective
 
Generally, Singapore levies tax on foreign-sourced income ‘received in’ Singapore. Exemption may be given to certain foreign-sourced income when the qualifying conditions are satisfied. Hence, it is important to know how to avoid or reduce being ‘taxed’ in more than one country for the same source of income. This course will provide participants with better understanding on tax treaties, reliefs and exemptions that are available for foreign-sourced Income received in Singapore.

Programme Outline

  • Income Tax Treatment on Foreign Sourced Income for Resident and Non Resident Companies
  • Introduction to Tax Treaties
    • Definition and the scope of Double Tax Agreement (DTA)
    • Definition of Residence and Permanent Establishment
    • Treaty treatment on various income including business profits, royalties, dividend and interest income etc.
    • Treaty treatment on personal income
    • Elimination of Double Taxation
    • Tax Sparing Credit
    • Mutual Agreed Procedures
    • Case studies of two tax treaties
  • Unilateral Tax Relief
  • Tax exemption on foreign sourced income under 13 (7A) to 13 (11) and S 13(12)
  • Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI)
  • International Tax Compliance Agreement (A brief discussion on Foreign Account Tax Compliance Act (FATCA), Common Reporting Standards and Country-by-Country Reporting (CbCR))
  • Exchange of Information (EOI)
  • 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. Tax professionals who have corporate or individual clients with multi-jurisdictional tax exposure who seek to legally minimise tax claims against them, will find this course useful. Participants must have basic knowledge of Singapore tax system.

Competency Mapping

Others = 7.00 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

16 May 2024 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)

For Members: $ 318.28
For Non-Members: $ 382.59

Programme Facilitator(s)

A. Geetha

Venue

Online Classroom in or outside of
Singapore


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