Course Detail(TAX295v : Building Your Business in Singapore: Leveraging Tax Incentives for Long-Term Growth (Live Webinar))
Not Available

UTAP Funding

TAX295v : Building Your Business in Singapore: Leveraging Tax Incentives for Long-Term Growth (Live Webinar) NEW

3.50 CPE Hours (Others)
Live Webinar

This course is previously known as TAX258ETv: Singapore’s Tax Incentives Regime: How businesses can benefit from tax incentives especially in an uncertain economic environment (Live Webinar)
Programme Objective

Singapore is widely recognized as a leading business hub in the Asia-Pacific region, with a competitive tax system that supports businesses of all sizes and industries. Despite already having one of the lowest corporate income tax rates in the world, currently at 17%, Singapore government still implement a range of tax incentives and schemes to encourage foreign and domestic investments to further enhance its attractiveness to investors. The tax incentives and grants offered are generally in the form of exemption from tax, reduction in the rate of tax or subsidies, and are available to a broad spectrum of industries.

Singapore is committed to ensure that its business environment, including incentives remain competitive while remaining compliant to international standards. Like many other countries, tax incentives form part of Singapore’s suite of fiscal tools in strengthening its value proposition as a compelling global hub for businesses and foreign investments, and Singapore’s tax incentives have been reviewed to be compliant with the OECD’s Base Erosion and Profit Shifting (BEPS) framework.

Programme Outline

 
  • Overview of Singapore’s business and tax incentive environment
    • Objectives of Singapore’s tax policy
    • Role of tax incentives
    • Underlying principles of tax incentives
  • Key tax incentives in Singapore
    • Overview of tax incentives available for various industries, including enhancements under latest Budget announcement, the objective(s) and the broad requirements to qualify
    • Case studies of businesses that have benefited from tax incentives
  • Tax incentive related issues
    • Common administrative and accounting related problems during incentive period
    • Cost-benefit analysis for incentive application
    • Incentive compliance framework
  • Tax incentive application process
    • Tax incentive application process & timeline
    • Importance of tax incentive negotiation
    • Common pitfalls to avoid during tax incentive negotiation
  • Base Erosion and Profit Shifting (BEPS)
    • Overview of BEPS
    • Where does Singapore stand?
    • Implications of Singapore’s BEPS - compliant tax incentives
  • Moving Forward
    • BEPS 2.0
    • Implications for the future of Singapore’s tax incentive regime
Training Methodology

Webinar style, with case studies

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

Intended For

An Intermediate to Advanced level programme intended for:

  • Managing Directors
  • General Managers
  • CFOs
  • Regional Directors
  • Financial Controllers
  • Tax Professionals
  • Legal Professionals
  • Accountants
  • Financial Analysts
  • Business Consultants
  • Investors with vested interests in the Asia region

Competency Mapping

Others = 3.50 Hours

Schedule & Fees
Date & Time

20 May 2024 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 183.12
For Non-Members: $ 218.00

Programme Facilitator(s)

Ho Kah Chuan

Venue

Live Webinar in or outside of
Singapore
Date & Time

21 Nov 2024 (9:00 AM - 12:30 PM)

Registration is closed

Fee (inclusive of GST)

For Members: $ 220.18
For Non-Members: $ 261.60

Programme Facilitator(s)

Ho Kah Chuan

Venue

Live Webinar in or outside of
Singapore

Testimonial


The course content is very clear

Past Participant


Very good webinar

Past Participant

Funding

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)


Ho Kah Chuan
Executive Director, Go Global Gem Pte Ltd, Singapore
 

Kah Chuan is an Accredited Tax Advisor of Singapore Chartered Tax Professionals and has amassed more than 18 years of tax services practice. He was a Tax Director in a Big 4 Accounting Firm, prior to that he worked at Singapore Economic Development Board (EDB), Ministry of Finance, and the Inland Revenue Authority of Singapore (IRAS), whereby he established a strong network with the government bodies in Singapore. He specialises in tax advisory, policy formulation, international treaty negotiation, and tax audit.  His experience covers advisory on tax-efficient supply chain management, R&D and IP management, headquarters and treasury management, manufacturing, IPO and M&A deals.  Often valued for his close connection with Singapore government agencies, he is able to provide valuable insights on how best to obtain government support and has successfully assisted more than 300 incentive advisory cases, including more than 60 family office cases.  Some of the key incentives which he is often being engaged to assist on are Headquarters Programme, Global Trader Programme, Finance & Treasury Centre Incentive, investment allowances and fund tax exemption schemes. Kah Chuan is often invited as lecturer for EMBA and Masters programmes and trainer or speaker for tax and incentive related topics.

This course is previously known as TAX258ETv: Singapore’s Tax Incentives Regime: How businesses can benefit from tax incentives especially in an uncertain economic environment (Live Webinar)
Programme Objective

Singapore is widely recognized as a leading business hub in the Asia-Pacific region, with a competitive tax system that supports businesses of all sizes and industries. Despite already having one of the lowest corporate income tax rates in the world, currently at 17%, Singapore government still implement a range of tax incentives and schemes to encourage foreign and domestic investments to further enhance its attractiveness to investors. The tax incentives and grants offered are generally in the form of exemption from tax, reduction in the rate of tax or subsidies, and are available to a broad spectrum of industries.

Singapore is committed to ensure that its business environment, including incentives remain competitive while remaining compliant to international standards. Like many other countries, tax incentives form part of Singapore’s suite of fiscal tools in strengthening its value proposition as a compelling global hub for businesses and foreign investments, and Singapore’s tax incentives have been reviewed to be compliant with the OECD’s Base Erosion and Profit Shifting (BEPS) framework.

Programme Outline

 
  • Overview of Singapore’s business and tax incentive environment
    • Objectives of Singapore’s tax policy
    • Role of tax incentives
    • Underlying principles of tax incentives
  • Key tax incentives in Singapore
    • Overview of tax incentives available for various industries, including enhancements under latest Budget announcement, the objective(s) and the broad requirements to qualify
    • Case studies of businesses that have benefited from tax incentives
  • Tax incentive related issues
    • Common administrative and accounting related problems during incentive period
    • Cost-benefit analysis for incentive application
    • Incentive compliance framework
  • Tax incentive application process
    • Tax incentive application process & timeline
    • Importance of tax incentive negotiation
    • Common pitfalls to avoid during tax incentive negotiation
  • Base Erosion and Profit Shifting (BEPS)
    • Overview of BEPS
    • Where does Singapore stand?
    • Implications of Singapore’s BEPS - compliant tax incentives
  • Moving Forward
    • BEPS 2.0
    • Implications for the future of Singapore’s tax incentive regime
Training Methodology

Webinar style, with case studies

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

Intended For

An Intermediate to Advanced level programme intended for:

  • Managing Directors
  • General Managers
  • CFOs
  • Regional Directors
  • Financial Controllers
  • Tax Professionals
  • Legal Professionals
  • Accountants
  • Financial Analysts
  • Business Consultants
  • Investors with vested interests in the Asia region

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

Ho Kah Chuan
Executive Director, Go Global Gem Pte Ltd, Singapore
 

Kah Chuan is an Accredited Tax Advisor of Singapore Chartered Tax Professionals and has amassed more than 18 years of tax services practice. He was a Tax Director in a Big 4 Accounting Firm, prior to that he worked at Singapore Economic Development Board (EDB), Ministry of Finance, and the Inland Revenue Authority of Singapore (IRAS), whereby he established a strong network with the government bodies in Singapore. He specialises in tax advisory, policy formulation, international treaty negotiation, and tax audit.  His experience covers advisory on tax-efficient supply chain management, R&D and IP management, headquarters and treasury management, manufacturing, IPO and M&A deals.  Often valued for his close connection with Singapore government agencies, he is able to provide valuable insights on how best to obtain government support and has successfully assisted more than 300 incentive advisory cases, including more than 60 family office cases.  Some of the key incentives which he is often being engaged to assist on are Headquarters Programme, Global Trader Programme, Finance & Treasury Centre Incentive, investment allowances and fund tax exemption schemes. Kah Chuan is often invited as lecturer for EMBA and Masters programmes and trainer or speaker for tax and incentive related topics.

Upcoming Schedule

Date & Time

20 May 2024 (9:00 AM - 12:30 PM)
Fee (inclusive of GST)

For Members: $ 183.12
For Non-Members: $ 218.00

Programme Facilitator(s)

Ho Kah Chuan

Venue

Live Webinar in or outside of
Singapore


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