Course Detail(TAX008v : Advanced Corporate Tax (Synchronous e-learning))
Not Available

SkillsFuture Credit, UTAP Funding

TAX008v : Advanced Corporate Tax (Synchronous e-learning)

14.00 CPE Hours (Others)
Live Webinar

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

Programme Objective

This programme is designed to help participants achieve a higher appreciation of tax planning techniques and how it can be applied to business decisions both locally and internationally. It will cover both local tax planning as well as international tax planning. As this is an advanced tax programme, the assumption is that participants are already conversant with basic tax laws and practice in Singapore. Other advanced tax topics such as tax incentives, transfer pricing and tax issues in mergers and acquisitions will also feature in this programme. Where applicable, practical examples, illustrations and case studies (including recent court cases) will be used to enable participants to relate and apply to real life tax situations.

Programme Outline

Day 1

Introduction to tax planning and application of common tax planning techniques in the following areas:

  • Full/partial tax exemption and residence status
  • Taxability of trade income
  • Deductibility of trade expenses
  • Claims for capital allowances
  • Utilisation of tax losses
  • Managing withholding tax burden and obligations
  • Claiming reliefs from double taxation

Overview of tax incentives and coverage on selected tax incentives, including:

  • Headquarters tax incentives
  • Development and expansion incentive
  • Global trader programme
  • Pioneer incentives for products and services
  • Investment Allowance

Transfer Pricing and Anti-Tax Avoidance, including:

  • Transfer pricing guidelines and consultation
  • Advanced Pricing Arrangements and Mutual Agreement Procedures
  • Intercompany loans and services
  • Tax Evasion v Tax Avoidance v Tax Planning

Tax Issues in corporate mergers and acquisitions, including:

  • Overview of corporate M&As
  • Normal tax implications
  • New tax framework for statutory voluntary amalgamations
  • New M&A tax allowance and stamp duty remission for qualifying M&As

Day 2

Introduction to international tax planning including objectives of international tax planning and common techniques, including;

  • Use of international holding company
  • Use of international finance company
  • Use of international purchase and sales company

Tax issues to consider when a company ventures overseas, including:

  • Choice of investment vehicle
  • Designing a tax efficient holding structure
  • Planning the financing structure
  • Profit repatriation
  • Common pitfalls to avoid
  • Taxation of foreign income in Singapore

Understanding the role of tax treaties in international tax planning, including:

  • Overview of Double Tax Agreements (DTAs)
  • Singapore’s DTAs
  • OECD Model Tax Convention and Commentaries on various treaty articles
  • Base Erosion and Profit Shifting (BEPS)


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 with Quiz / Knowledge Check


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Senior tax professionals, accountants and finance personnel who are charged with tax minimisation responsibilities. Non-tax professionals who are concerned with the company's bottom-line and work closely with tax staff to achieve higher profits after tax for the company.

Competency Mapping

Others = 14.00 Hours

Schedule & Fees
Date & Time

01 Aug 2024 (9:00 AM - 5:00 PM)
02 Aug 2024 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 570.07
For Non-Members: $ 679.07

Programme Facilitator(s)

Assoc Prof (Practice) Simon Poh

Venue

Online Classroom in or outside of
Singapore
Date & Time

06 Nov 2024 (9:00 AM - 5:00 PM)
07 Nov 2024 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 570.07
For Non-Members: $ 679.07

Programme Facilitator(s)

Assoc Prof (Practice) Simon Poh

Venue

Online Classroom in or outside of
Singapore

Testimonial


This is good seminar to enhance knowledge. A lot of examples given and materials are comprehensive.

Past Participant


Understand more in depth about corporate tax and transfer pricing which will be more commonly used at work, as well as touching on issues that are good for general knowledge such as international tax and tax treaties

Past Participant


The programme allows us to get a glimpse of what international tax planning entails, the interconnection of various taxes (corporate, individual, withholding, capital gains) and the tax treaties in a cross-border group structure. This is especially beneficial for some of us to make the right conclusion and see the bigger picture.

Past Participant


Since i am not a tax professional, it gave me a good revision of the main tax concepts and areas to look out for in my professional work

Past Participant


Excellent programme. Very well structure and comprehensive with experienced trainer.

Past Participant

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 31 Dec 2024
Course Reference Number: TGS-2020501123

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)


Assoc Prof (Practice) Simon Poh
FCA (Singapore), ATA (Income Tax and GST), MSID, MBA

Simon Poh is currently Associate Professor (Practice) at the Accounting Department of the National University of Singapore (NUS) Business School where he teaches taxation and advanced taxation modules.  This is a full-time employment from 1 Jul 2014.  Previously, he was Associate Professor (Adjunct) from 1 January 2007 to 30 June 2014.  He recently won the NUS Business School Teaching Excellence Awards for 2020 and 2021.

Outside the academia, Simon has been a distinguished tax professional both in Singapore and the region, with more than three decades of experience in tax compliance and tax advisory work in the areas of corporate tax, individual income tax and GST. This includes 9 years of experience with the Inland Revenue Authority of Singapore, 3 years with reputable regional multinational corporations and more than 16 years with top international accounting firms.  His extensive experience includes GST tax advisory and risk management, international tax planning, transfer pricing, corporate restructuring, business acquisitions and mergers, tax due diligence reviews, expatriate tax planning, and advising clients on the tax implications of both inbound and outbound investments.  Simon continues to be active in professional tax-related work outside his teaching responsibilities.

Simon graduated with a Bachelor of Accountancy Degree in 1985 followed by a Master of Business Administration (MBA) degree from NUS in 1993.  He is a Fellow Chartered Accountant of the Institute of Singapore Chartered Accountants (ISCA) since 2004, an ASEAN CPA since 2017, a Full Member of the Singapore Institute of Directors since 2008, an Accredited Tax Advisor (Income Tax and GST) of the Singapore Institute of Accredited Tax Professionals (SIATP) since 2010 and an Honorary Member of the Financial Planning Association of Singapore since 2011. SIATP was renamed Singapore Chartered Tax Professionals Limited (SCTP) from April 2020. At SIATP/SCTP, he served as Chairman of the SME Tax Committee since 2012.   Simon also served as a Board Member of SIATP from January 2013 to March 2020.  In 2021, he was appointed as a Member of the Income Tax Board of Review, an administrative tribunal established for the purpose of hearing appeals against income tax assessments made by the Comptroller of Income Tax.  Simon has been acting as Examiner for tax modules offered in professional accountancy examinations since 2006.  He is the author of Taxation in Singapore which was first published in 2008.  In August 2020, he published the latest electronic edition of this book.

Besides speaking at numerous external tax seminars and conducting regular tax workshops for professional bodies like ISCA and ACCA, Simon is a regular contributor to local and foreign media and professional journals on current taxation issues. In addition, he currently serves as an Independent Director and Chairman of the Audit Committee of a company listed on the Main Board of the Singapore Exchange (SGX).

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

Programme Objective

This programme is designed to help participants achieve a higher appreciation of tax planning techniques and how it can be applied to business decisions both locally and internationally. It will cover both local tax planning as well as international tax planning. As this is an advanced tax programme, the assumption is that participants are already conversant with basic tax laws and practice in Singapore. Other advanced tax topics such as tax incentives, transfer pricing and tax issues in mergers and acquisitions will also feature in this programme. Where applicable, practical examples, illustrations and case studies (including recent court cases) will be used to enable participants to relate and apply to real life tax situations.

Programme Outline

Day 1

Introduction to tax planning and application of common tax planning techniques in the following areas:

  • Full/partial tax exemption and residence status
  • Taxability of trade income
  • Deductibility of trade expenses
  • Claims for capital allowances
  • Utilisation of tax losses
  • Managing withholding tax burden and obligations
  • Claiming reliefs from double taxation

Overview of tax incentives and coverage on selected tax incentives, including:

  • Headquarters tax incentives
  • Development and expansion incentive
  • Global trader programme
  • Pioneer incentives for products and services
  • Investment Allowance

Transfer Pricing and Anti-Tax Avoidance, including:

  • Transfer pricing guidelines and consultation
  • Advanced Pricing Arrangements and Mutual Agreement Procedures
  • Intercompany loans and services
  • Tax Evasion v Tax Avoidance v Tax Planning

Tax Issues in corporate mergers and acquisitions, including:

  • Overview of corporate M&As
  • Normal tax implications
  • New tax framework for statutory voluntary amalgamations
  • New M&A tax allowance and stamp duty remission for qualifying M&As

Day 2

Introduction to international tax planning including objectives of international tax planning and common techniques, including;

  • Use of international holding company
  • Use of international finance company
  • Use of international purchase and sales company

Tax issues to consider when a company ventures overseas, including:

  • Choice of investment vehicle
  • Designing a tax efficient holding structure
  • Planning the financing structure
  • Profit repatriation
  • Common pitfalls to avoid
  • Taxation of foreign income in Singapore

Understanding the role of tax treaties in international tax planning, including:

  • Overview of Double Tax Agreements (DTAs)
  • Singapore’s DTAs
  • OECD Model Tax Convention and Commentaries on various treaty articles
  • Base Erosion and Profit Shifting (BEPS)


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 with Quiz / Knowledge Check


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Senior tax professionals, accountants and finance personnel who are charged with tax minimisation responsibilities. Non-tax professionals who are concerned with the company's bottom-line and work closely with tax staff to achieve higher profits after tax for the company.

Competency Mapping

Others = 14.00 Hours

Programme Facilitator(s)

Assoc Prof (Practice) Simon Poh
FCA (Singapore), ATA (Income Tax and GST), MSID, MBA

Simon Poh is currently Associate Professor (Practice) at the Accounting Department of the National University of Singapore (NUS) Business School where he teaches taxation and advanced taxation modules.  This is a full-time employment from 1 Jul 2014.  Previously, he was Associate Professor (Adjunct) from 1 January 2007 to 30 June 2014.  He recently won the NUS Business School Teaching Excellence Awards for 2020 and 2021.

Outside the academia, Simon has been a distinguished tax professional both in Singapore and the region, with more than three decades of experience in tax compliance and tax advisory work in the areas of corporate tax, individual income tax and GST. This includes 9 years of experience with the Inland Revenue Authority of Singapore, 3 years with reputable regional multinational corporations and more than 16 years with top international accounting firms.  His extensive experience includes GST tax advisory and risk management, international tax planning, transfer pricing, corporate restructuring, business acquisitions and mergers, tax due diligence reviews, expatriate tax planning, and advising clients on the tax implications of both inbound and outbound investments.  Simon continues to be active in professional tax-related work outside his teaching responsibilities.

Simon graduated with a Bachelor of Accountancy Degree in 1985 followed by a Master of Business Administration (MBA) degree from NUS in 1993.  He is a Fellow Chartered Accountant of the Institute of Singapore Chartered Accountants (ISCA) since 2004, an ASEAN CPA since 2017, a Full Member of the Singapore Institute of Directors since 2008, an Accredited Tax Advisor (Income Tax and GST) of the Singapore Institute of Accredited Tax Professionals (SIATP) since 2010 and an Honorary Member of the Financial Planning Association of Singapore since 2011. SIATP was renamed Singapore Chartered Tax Professionals Limited (SCTP) from April 2020. At SIATP/SCTP, he served as Chairman of the SME Tax Committee since 2012.   Simon also served as a Board Member of SIATP from January 2013 to March 2020.  In 2021, he was appointed as a Member of the Income Tax Board of Review, an administrative tribunal established for the purpose of hearing appeals against income tax assessments made by the Comptroller of Income Tax.  Simon has been acting as Examiner for tax modules offered in professional accountancy examinations since 2006.  He is the author of Taxation in Singapore which was first published in 2008.  In August 2020, he published the latest electronic edition of this book.

Besides speaking at numerous external tax seminars and conducting regular tax workshops for professional bodies like ISCA and ACCA, Simon is a regular contributor to local and foreign media and professional journals on current taxation issues. In addition, he currently serves as an Independent Director and Chairman of the Audit Committee of a company listed on the Main Board of the Singapore Exchange (SGX).

Upcoming Schedule

Date & Time

01 Aug 2024 (9:00 AM - 5:00 PM)
02 Aug 2024 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)

For Members: $ 570.07
For Non-Members: $ 679.07

Programme Facilitator(s)

Assoc Prof (Practice) Simon Poh

Venue

Online Classroom in or outside of
Singapore


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