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

This half day course is intended to ensure participants are aware of tax planning related to business losses to maximize tax benefits in Singapore.

Programme Outline

A.  General

• Differences between trade and non-trade losses 

B.  Carry Forward Losses

• Carry forward unutilized losses, capital allowances and approved donations
• Meeting minimum shareholders requirement on relevant dates and exceptions
• Other conditions for carry forward ‘losses’

C.  Group Relief

• Concept of Group Relief System
• Definition of Group Companies
• First level and second level tests
• Transfer rules
• Election in Form C and planning
• Anti-avoidance and other issues

D.  Carry Back Relief

• Number of years losses can be carried back
• Maximum amount that can be carried back
• Shareholders Test
• Same Business Test
• Tax planning on Carry Back Reliefs 
• Enhanced Carry Back relief (Due to Covid-19)

E.   Tax Losses for Limited Liability Partnerships and Limited Partnerships
F.  Tax Losses for sole proprietorship and partnerships
G.   Latest updates form 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

Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

Tax Professionals, Accountants and auditors

Programme Facilitator(s)