Course Detail(TAX233 : Digital Economy International Taxation – Don’t Get Disrupted, Get Up to Speed!)

SDF Funding, SkillsFuture Credit

TAX233 : Digital Economy International Taxation – Don’t Get Disrupted, Get Up to Speed!

7.00 CPE Hours (Category 2, Others)
Classroom

 

Programme Objective

Disruptive technology has had a profound impact across many industries and spawned many innovative business models such as the sharing economy, cloud computing and blockchain distributed ledgers. These developments have in turn influenced taxation, especially in cross-border transactions. This has particular significance to Singapore as a regional business hub and as a country where the push towards digitalisation is a national priority.

As the principles and rules in this area are rapidly evolving, this course aims at providing an introductory overview of the main concepts and considerations in international taxation in the rapidly evolving area of digital economy, from a practical and international perspective. There will also be case studies based on real life business models and an overview of the sources of relevant Singapore rules.
 

Programme Outline

 

  • The concepts and issues in Digital Economy taxation:
  • Pre-BEPS – Implications of E-commerce, remote servers
  • The OECD Base Erosion and Profit Shifting Project (BEPS) 
  • Latest developments from EU, OECD, the US and the Asia region such as 
  • Permanent Establishment rule changes
  • Digital levy, Gross Taxation
  • VAT 

 

  • Brief overview of the relevant rules with respect to digital economy taxation in Singapore such as:
  • E-Guide on Rights-Based Approach for Characterising Software Payments and Payments for the Use of or the Right to Use Information and Digitised Goods 
    • Rights-based approach for characterising specified payments
    • Examples of payments for copyright rights & copyrighted articles
  • Tax Guide on E-Commerce covering three common business models 
  • Business operations in Singapore, deriving income from website hosted in Singapore
  • Business operations in Singapore, deriving income from website hosted outside Singapore
  • Business operations outside Singapore, deriving income from website hosted in Singapore
  • GST Guide for E-Commerce 
  • Physical goods supplied over the Internet
  • Services / Digitised Goods
  • Purchases from an overseas supplier
  • Individual taxation implications of
    • Ride Hailing and social media influencers
  • Ethical implications of taxing the digital economy
    • Data privacy issues of using online user generated data to identify individuals, track transactions, responsible use of Artificial Intelligence in profiling
    • Digital Divide in relation ability to access, tax and use technology to comply with digital taxation demands

Case studies will be used to illustrate the principles covered above. These case studies are based upon real life business models such as sharing economy/riding hailing, e-commerce, Cloud computing, online streaming of digital services and so on. 
 

Intended For

A foundational to intermediate programme suitable for finance and tax professionals who have responsibility over tax management and reporting. Those who wish to get a sense about digital economy taxation issues are welcome to attend.

Competency Mapping

Category 2 = 1.00 Hours
Others = 6.00 Hours

Schedule & Fees

Date & Time

25 Jul 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Sam Sim

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

05 Dec 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Sam Sim

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

23 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Sam Sim

Date & Time

28 Sep 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Sam Sim

Date & Time

11 May 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Sam Sim

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 10 January 2020
Course Ref No.: CRS-N-0049091

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, please proceed to submit SFC claim on Skillsfuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal here: http://www.skillsfuture.sg/credit.

 

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 $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 
 
Funding Period: Until 10 January 2020
Funded Hours: 7 hours
Course Ref No.: CRS-N-0049091

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

 

Employers of company-sponsored participants must submit training grant via SkillsConnect system to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

 

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

Programme Facilitator(s)


Sam Sim
President, Tax Executive Institute, Asia Chapter

IBM

Sam Sim is a board member and Vice-chair of the Tax Committee of the Tax Executive Institute Asia chapter and a former chair of the Transfer Pricing committee of CMTC, an industry group of Asia-Pac directors. He was also Deputy Head of Global Transfer Pricing at a European MNC with a team covering more than 70 countries worldwide. He combines practical commercial experience with clear explanation of ideas having lectured at the IBFD International Tax Academy and UniSIM Master of Tax programme and authored the seminal LexisNexis treatise – “The Logic and Practice of Transfer Pricing”. He holds Master degrees in Law, Accounting and Economics from, inter alia, the New York University School of Law (LL.M. Tax), SMU and University of Cambridge.

 

Programme Objective

Disruptive technology has had a profound impact across many industries and spawned many innovative business models such as the sharing economy, cloud computing and blockchain distributed ledgers. These developments have in turn influenced taxation, especially in cross-border transactions. This has particular significance to Singapore as a regional business hub and as a country where the push towards digitalisation is a national priority.

As the principles and rules in this area are rapidly evolving, this course aims at providing an introductory overview of the main concepts and considerations in international taxation in the rapidly evolving area of digital economy, from a practical and international perspective. There will also be case studies based on real life business models and an overview of the sources of relevant Singapore rules.
 

Programme Outline

 

  • The concepts and issues in Digital Economy taxation:
  • Pre-BEPS – Implications of E-commerce, remote servers
  • The OECD Base Erosion and Profit Shifting Project (BEPS) 
  • Latest developments from EU, OECD, the US and the Asia region such as 
  • Permanent Establishment rule changes
  • Digital levy, Gross Taxation
  • VAT 

 

  • Brief overview of the relevant rules with respect to digital economy taxation in Singapore such as:
  • E-Guide on Rights-Based Approach for Characterising Software Payments and Payments for the Use of or the Right to Use Information and Digitised Goods 
    • Rights-based approach for characterising specified payments
    • Examples of payments for copyright rights & copyrighted articles
  • Tax Guide on E-Commerce covering three common business models 
  • Business operations in Singapore, deriving income from website hosted in Singapore
  • Business operations in Singapore, deriving income from website hosted outside Singapore
  • Business operations outside Singapore, deriving income from website hosted in Singapore
  • GST Guide for E-Commerce 
  • Physical goods supplied over the Internet
  • Services / Digitised Goods
  • Purchases from an overseas supplier
  • Individual taxation implications of
    • Ride Hailing and social media influencers
  • Ethical implications of taxing the digital economy
    • Data privacy issues of using online user generated data to identify individuals, track transactions, responsible use of Artificial Intelligence in profiling
    • Digital Divide in relation ability to access, tax and use technology to comply with digital taxation demands

Case studies will be used to illustrate the principles covered above. These case studies are based upon real life business models such as sharing economy/riding hailing, e-commerce, Cloud computing, online streaming of digital services and so on. 
 

Intended For

A foundational to intermediate programme suitable for finance and tax professionals who have responsibility over tax management and reporting. Those who wish to get a sense about digital economy taxation issues are welcome to attend.

Competency Mapping

Category 2 = 1.00 Hours
Others = 6.00 Hours

Programme Facilitator(s)

Sam Sim
President, Tax Executive Institute, Asia Chapter

IBM

Sam Sim is a board member and Vice-chair of the Tax Committee of the Tax Executive Institute Asia chapter and a former chair of the Transfer Pricing committee of CMTC, an industry group of Asia-Pac directors. He was also Deputy Head of Global Transfer Pricing at a European MNC with a team covering more than 70 countries worldwide. He combines practical commercial experience with clear explanation of ideas having lectured at the IBFD International Tax Academy and UniSIM Master of Tax programme and authored the seminal LexisNexis treatise – “The Logic and Practice of Transfer Pricing”. He holds Master degrees in Law, Accounting and Economics from, inter alia, the New York University School of Law (LL.M. Tax), SMU and University of Cambridge.

Upcoming Schedule

Date & Time

25 Jul 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Sam Sim

Venue

60 Cecil Street
ISCA House
Singapore 049709