Course Detail(TAX301 : Issues that Trigger Tax Audit and Tax Investigations: Case Studies and Practical Advice from the Field (Classroom))
Not Available

UTAP Funding

TAX301 : Issues that Trigger Tax Audit and Tax Investigations: Case Studies and Practical Advice from the Field (Classroom)

7.00 CPE Hours (Others)
Classroom

This course was formerly known as: TAX132: Tax Avoidance and Tax Evasion: Practical Advice, Best Practice Strategies and Learning from Case Studies

Programme Objective

Tax Audit and Investigations can be one of the most frightening situations a business can face. More often than not, it will result in additional taxes and penalties payable on under-statement or omission of income.

This one-day workshop will focus on the key issues that could trigger a tax audit or tax investigation. It will equip participants with a better understanding of tax avoidance and tax evasion and provide insight knowledge on how to manage and mitigate the risks of tax audit and tax investigations.

Through this interactive workshop, participants will learn how to identify significant areas of concern, the pre-emptive measures that can be taken in mitigating potential taxes and penalties by ensuring compliance with tax laws and regulations to avoid costly penalties. This workshop will include sharing of practical real-life experiences and lessons on significant issues that could trigger a tax audit or tax investigation.  

Get a complete hands-on understanding of how to mitigate the risks of a tax audit and tax investigation.

Programme Outline

  • Introduction
  • Understand the key differences between tax planning, tax avoidance and tax evasion
  • Tax Avoidance – relevant key principles of general anti-avoidance provisions (Sections 33 & 33A) and learning from Case Studies
  • Tax Evasion – the laws and penalties and learning from Case Studies
  • Common pitfalls to avoid when you do tax planning
  • Understand the differences between tax audit and tax investigation
  • Identify areas of concerns and issues that trigger tax audit and tax investigations
  • What happens in a tax investigation
  • Practical advice and strategies on how to handle and manage tax audit and tax investigations
  • Mitigate the risks and costly penalties of tax audit and investigations
  • Lessons from Case Studies
  • Questions & Answer Session

Training Methodology

Lecture style, with Case Studies and Examples

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

Intended For

  • Accounting, Finance and Tax Professionals
  • In-house Accountants/Tax Planners, Finance Directors/Managers, Tax Directors/ Managers
  • Risk and Compliance Officers
  • Business owners and entrepreneurs who are keen to understand and mitigate the risks of tax audit and tax investigations

Competency Mapping

Others = 7.00 Hours

Schedule & Fees
Date & Time

18 Nov 2024 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 473.06
For Non-Members: $ 564.62

Programme Facilitator(s)

Kenny Lim

Venue

60 Cecil Street
ISCA House
Singapore 049709

Testimonial


Love this course, trainer shared very interesting real life cases, very insightful!


Training notes deliver in interesting n easy to understand way


Enjoy this course very much

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)


Kenny Lim
FCA (Singapore), ATA (Income Tax and GST), MSID, MBA, BAcc
 

Kenny Lim began his tax career with the Singapore Income Tax Department (now known as the Inland Revenue Authority of Singapore) and has more than 33 years of experience in the tax, financial services and investment banking industry. He specializes in corporate/individual income tax and goods & services tax consulting and advisory.  

Kenny has a wealth of experience in regional and cross border transactions that encompass mergers and acquisitions, corporate restructuring, tax optimization and value protection, tax efficient financing, tax planning and regional taxation. In addition, he has many years of experience in dealing with the tax authorities in the Asia Pacific region.

Kenny is a Fellow Member of the Institute of Singapore Chartered Accountants, an Accredited Tax Advisor (Income Tax and GST) of the Singapore Chartered Tax Professionals (formerly known as the Singapore Institute of Accredited Tax Professionals) and a Full Member of the Singapore Institute of Directors. He sits on board as Independent Director of a number of companies listed on the Singapore Exchange (SGX).

Kenny holds a Bachelor Degree in Accountancy and a MBA Degree from the National University of Singapore.

This course was formerly known as: TAX132: Tax Avoidance and Tax Evasion: Practical Advice, Best Practice Strategies and Learning from Case Studies

Programme Objective

Tax Audit and Investigations can be one of the most frightening situations a business can face. More often than not, it will result in additional taxes and penalties payable on under-statement or omission of income.

This one-day workshop will focus on the key issues that could trigger a tax audit or tax investigation. It will equip participants with a better understanding of tax avoidance and tax evasion and provide insight knowledge on how to manage and mitigate the risks of tax audit and tax investigations.

Through this interactive workshop, participants will learn how to identify significant areas of concern, the pre-emptive measures that can be taken in mitigating potential taxes and penalties by ensuring compliance with tax laws and regulations to avoid costly penalties. This workshop will include sharing of practical real-life experiences and lessons on significant issues that could trigger a tax audit or tax investigation.  

Get a complete hands-on understanding of how to mitigate the risks of a tax audit and tax investigation.

Programme Outline

  • Introduction
  • Understand the key differences between tax planning, tax avoidance and tax evasion
  • Tax Avoidance – relevant key principles of general anti-avoidance provisions (Sections 33 & 33A) and learning from Case Studies
  • Tax Evasion – the laws and penalties and learning from Case Studies
  • Common pitfalls to avoid when you do tax planning
  • Understand the differences between tax audit and tax investigation
  • Identify areas of concerns and issues that trigger tax audit and tax investigations
  • What happens in a tax investigation
  • Practical advice and strategies on how to handle and manage tax audit and tax investigations
  • Mitigate the risks and costly penalties of tax audit and investigations
  • Lessons from Case Studies
  • Questions & Answer Session

Training Methodology

Lecture style, with Case Studies and Examples

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

Intended For

  • Accounting, Finance and Tax Professionals
  • In-house Accountants/Tax Planners, Finance Directors/Managers, Tax Directors/ Managers
  • Risk and Compliance Officers
  • Business owners and entrepreneurs who are keen to understand and mitigate the risks of tax audit and tax investigations

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Kenny Lim
FCA (Singapore), ATA (Income Tax and GST), MSID, MBA, BAcc
 

Kenny Lim began his tax career with the Singapore Income Tax Department (now known as the Inland Revenue Authority of Singapore) and has more than 33 years of experience in the tax, financial services and investment banking industry. He specializes in corporate/individual income tax and goods & services tax consulting and advisory.  

Kenny has a wealth of experience in regional and cross border transactions that encompass mergers and acquisitions, corporate restructuring, tax optimization and value protection, tax efficient financing, tax planning and regional taxation. In addition, he has many years of experience in dealing with the tax authorities in the Asia Pacific region.

Kenny is a Fellow Member of the Institute of Singapore Chartered Accountants, an Accredited Tax Advisor (Income Tax and GST) of the Singapore Chartered Tax Professionals (formerly known as the Singapore Institute of Accredited Tax Professionals) and a Full Member of the Singapore Institute of Directors. He sits on board as Independent Director of a number of companies listed on the Singapore Exchange (SGX).

Kenny holds a Bachelor Degree in Accountancy and a MBA Degree from the National University of Singapore.

Upcoming Schedule

Date & Time

18 Nov 2024 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)

For Members: $ 473.06
For Non-Members: $ 564.62

Programme Facilitator(s)

Kenny Lim

Venue

60 Cecil Street
ISCA House
Singapore 049709


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