Course Detail(TAX084v : Updates and Changes in Income Tax (Synchronous e-learning))

SkillsFuture Credit, UTAP Funding

TAX084v : Updates and Changes in Income Tax (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


The purpose of this programme is to familiarise participants with the recent amendments in Income Tax and their objectives.

Programme Outline

  • Budget 2024, 2023 and 2022
  • Implement IIR and DTR under Pillar 2 of BEPS
  • Refundable Investment Credit
  • Enterprise Innovation Scheme
  • Tax implications on Research and Development
  • Income tax treatment on Digital Tokens
  • Income Tax treatment on the adoption of FRS 109 – Financial Instruments
  • Income Tax treatment on adoption of FRS 115 – Revenue from Contracts with Customers
  • Income Tax treatment on adoption of FRS 116 – Leases
  • Changes in Objections and Appeal Processes
  • Providing certainty of non-taxation of companies’ gains on disposal of equity investments
  • IRAS Voluntary Disclosure Program
  • Updates on Transfer Pricing Guidelines
  • Tax Risk Management and Control Framework for Corporate Income Tax
  • Updates on Capital Allowances
  • Updates on Withholding Tax
  • Updates on Tax Treatment on Foreign Sourced Income
  • S10L: Tax Treatment of Gains or Losses from the Sale of Foreign Assets 
  • Advance Ruling System
  • Deduction of Statutory and Regulatory Expenses
  • Latest updates from IRAS – IRAS Circulars and Other Publications


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

Personnel who are involved in taxation work and wish to update themselves on the changes in Singapore Income Tax.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

04 Jul 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

29 Aug 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

07 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


Great course with good recap of tax treatment, recent changes and love the illustration which make it easier to understand and remember

Past Participant


You will not disappointed definitely!! Ms Geetha is a very good trainer with full of experience and her examples are easy to understand.

Past Participant


The programme was a good refresher to keep us updated on the latest income tax rules and the trainer was very knowledgeable in this aspect.

Past Participant


This programme has allowed me to gain a better understanding of the updates and changes in Income Tax in the recent years, which can be applied to my work.

Past Participant


Always love to attend Ms Geetha's courses. She is engaging, clear in explanation and approachable. This program has helped to refresh my knowledge on income tax

Past Participant


Trainer is good and engaging, patient and clear in explanation. The updates are good for the busy accountants which may not have time to read up.

Past Participant


Geetha, the trainer is able to present the learning points efficiently and not overwhelm the participants with technical jargons. It was easy to follow her presentation.

Past Participant

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 31 Dec 2024
Course 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.

  • 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. 

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


The purpose of this programme is to familiarise participants with the recent amendments in Income Tax and their objectives.

Programme Outline

  • Budget 2024, 2023 and 2022
  • Implement IIR and DTR under Pillar 2 of BEPS
  • Refundable Investment Credit
  • Enterprise Innovation Scheme
  • Tax implications on Research and Development
  • Income tax treatment on Digital Tokens
  • Income Tax treatment on the adoption of FRS 109 – Financial Instruments
  • Income Tax treatment on adoption of FRS 115 – Revenue from Contracts with Customers
  • Income Tax treatment on adoption of FRS 116 – Leases
  • Changes in Objections and Appeal Processes
  • Providing certainty of non-taxation of companies’ gains on disposal of equity investments
  • IRAS Voluntary Disclosure Program
  • Updates on Transfer Pricing Guidelines
  • Tax Risk Management and Control Framework for Corporate Income Tax
  • Updates on Capital Allowances
  • Updates on Withholding Tax
  • Updates on Tax Treatment on Foreign Sourced Income
  • S10L: Tax Treatment of Gains or Losses from the Sale of Foreign Assets 
  • Advance Ruling System
  • Deduction of Statutory and Regulatory Expenses
  • Latest updates from IRAS – IRAS Circulars and Other Publications


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

Personnel who are involved in taxation work and wish to update themselves on the changes in Singapore Income Tax.

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

04 Jul 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