SkillsFuture Credit, UTAP Funding
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 ObjectiveThe purpose of this programme is to familiarise participants with the recent amendments in Income Tax and their objectives.
A detailed set of instructions on the Live Webinar will be sent to you closer to date.
Programme Objective
The purpose of this programme is to familiarise participants with the recent amendments in Income Tax and their objectives.
Budget 2024, 2023 and 2022 Implement IIR and DTR under Pillar 2 of BEPSRefundable Investment CreditEnterprise Innovation SchemeTax implications on Research and DevelopmentIncome tax treatment on Digital TokensIncome Tax treatment on the adoption of FRS 109 – Financial InstrumentsIncome Tax treatment on adoption of FRS 115 – Revenue from Contracts with CustomersIncome Tax treatment on adoption of FRS 116 – LeasesChanges in Objections and Appeal ProcessesProviding certainty of non-taxation of companies’ gains on disposal of equity investmentsIRAS Voluntary Disclosure ProgramUpdates on Transfer Pricing GuidelinesTax Risk Management and Control Framework for Corporate Income TaxUpdates on Capital AllowancesUpdates on Withholding TaxUpdates on Tax Treatment on Foreign Sourced IncomeS10L: Tax Treatment of Gains or Losses from the Sale of Foreign Assets Advance Ruling SystemDeduction of Statutory and Regulatory ExpensesLatest updates from IRAS – IRAS Circulars and Other PublicationsPre-requisitesPlease take note of the following admission requirements:Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsoryMandatory for video camera to be turned on throughout the courseDisplay your official name (as per NRIC) in Zoom, to facilitate attendance taking Training MethodologyLecture style with Quiz / Knowledge CheckClosing Date for Registration1 week before programme or until full enrolment
Pre-requisites
Please take note of the following admission requirements:
Training MethodologyLecture style with Quiz / Knowledge CheckClosing Date for Registration1 week before programme or until full enrolment
Personnel who are involved in taxation work and wish to update themselves on the changes in Singapore Income Tax.
Past Participant
1] SkillsFuture Credit (SFC)Funding Period: Until 31 Dec 2024Course Reference Number: TGS-2020501294
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.
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.
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.
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