Course Detail(TAX084 : Updates and Changes in Income Tax (Live Webinar))

SDF Funding, SkillsFuture Credit

TAX084 : Updates and Changes in Income Tax (Live Webinar)

7.00 CPE Hours (Others)
Classroom

Please be informed that in view of the current COVID-19 situation, we will be changing the format of this course into a Live Webinar. A detailed set of instructions on the Live Webinar will also be sent to you closer to date. Please sign up for a Zoom account (https://zoom.us/) if you currently do not have an account.

The live webinar session is eligible for SkillsFuture Singapore (SSG) funding.
Please proceed to submit your claim application as per usual as there are no changes to funding application procedures. On SSG portal, please take note to select the correct course title, which includes the term "Synchronous e-learning".

Programme Objective


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

Programme Outline

  • Budget 2020 (Based on the announcements to be made / made by Minister of Finance)
  • SME Cash Rebate
  • Productivity and Innovation Credit (with latest updates)
  • Foreign Credit Tax Pooling
  • Simplifying Capital allowances for low value assets
  • Providing certainty of non-taxation of companies’ gains on disposal of equity investments
  • Integrated Investment Allowance (“IIA”) Scheme
  • Enhancing the Double Tax Deduction (“DTD”) for Internationalisation Scheme
  • Liberalising the cash distribution requirement for tax transparency for Real Estate Investment Trusts (REITs)
  • IRAS Voluntary Disclosure Program
  • Tax deductions for Employee Equity Based Remuneration Scheme
  • Tax Allowance to Defrag Acquisition Costs
  • Land Intensification Allowance
  • Tax deduction for Angel Investors Scheme
  • Deductions on Key Man Insurance (Update)
  • Filing of Income Tax Computations in Functional Currencies other than in Singapore Dollars
  • Income Tax Implications from the adoption of FRS 39 (Revisit and updates)
  • Income Tax Treatment on Foreign Exchange Gains or Losses for businesses
  • Updates on Transfer Pricing Guidelines
  • Updates on Capital Allowances
  • Updates on Withholding Tax
  • Updates on Tax Treatment on Foreign Sourced Income
  • Income Tax Treatment on Limited Partnership/Limited Liability Partnership
  • Latest updates from IRAS

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

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

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Early Bird Discount till 30 Nov 2020

Programme Facilitator(s)

A. Geetha

Venue

Online Classroom in or outside of
Singapore

Date & Time

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

Registration is closed

Programme Facilitator(s)

A. Geetha

Date & Time

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

Registration is closed

Programme Facilitator(s)

A. Geetha

Date & Time

04 Jul 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

A. Geetha

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 10 Jul 2021

Course Ref No. : CRS-N-0042285

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 Jul 2021
Funded Hours: 7 hours
Course Ref No. : CRS-N-0042285

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)


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. 

Please be informed that in view of the current COVID-19 situation, we will be changing the format of this course into a Live Webinar. A detailed set of instructions on the Live Webinar will also be sent to you closer to date. Please sign up for a Zoom account (https://zoom.us/) if you currently do not have an account.

The live webinar session is eligible for SkillsFuture Singapore (SSG) funding.
Please proceed to submit your claim application as per usual as there are no changes to funding application procedures. On SSG portal, please take note to select the correct course title, which includes the term "Synchronous e-learning".

Programme Objective


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

Programme Outline

  • Budget 2020 (Based on the announcements to be made / made by Minister of Finance)
  • SME Cash Rebate
  • Productivity and Innovation Credit (with latest updates)
  • Foreign Credit Tax Pooling
  • Simplifying Capital allowances for low value assets
  • Providing certainty of non-taxation of companies’ gains on disposal of equity investments
  • Integrated Investment Allowance (“IIA”) Scheme
  • Enhancing the Double Tax Deduction (“DTD”) for Internationalisation Scheme
  • Liberalising the cash distribution requirement for tax transparency for Real Estate Investment Trusts (REITs)
  • IRAS Voluntary Disclosure Program
  • Tax deductions for Employee Equity Based Remuneration Scheme
  • Tax Allowance to Defrag Acquisition Costs
  • Land Intensification Allowance
  • Tax deduction for Angel Investors Scheme
  • Deductions on Key Man Insurance (Update)
  • Filing of Income Tax Computations in Functional Currencies other than in Singapore Dollars
  • Income Tax Implications from the adoption of FRS 39 (Revisit and updates)
  • Income Tax Treatment on Foreign Exchange Gains or Losses for businesses
  • Updates on Transfer Pricing Guidelines
  • Updates on Capital Allowances
  • Updates on Withholding Tax
  • Updates on Tax Treatment on Foreign Sourced Income
  • Income Tax Treatment on Limited Partnership/Limited Liability Partnership
  • Latest updates from IRAS

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

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

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Early Bird Discount till 30 Nov 2020

Programme Facilitator(s)

A. Geetha

Venue

Online Classroom in or outside of
Singapore