Tax season is back and with it comes the pressure to get every detail right. From foreign-sourced income and transfer pricing to capital allowances and foreign tax credits, seemingly minor oversights can lead to costly compliance consequences.
SCTP is partnering with the Inland Revenue Authority of Singapore (IRAS) once again for this essential corporate tax compliance session. Gain valuable insights into IRAS’ tax compliance strategy and approach, while learning from common mistakes and the latest tax developments that may affect your filing obligations.
Stay ahead by understanding the penalty framework, strengthening your tax compliance practices, and making better use of the resources available to taxpayers, tax agents and tax professionals. Join us for this timely refresher and sharpen your corporate tax compliance knowledge with insights straight from the tax authority.
- Be aware of IRAS’ tax compliance strategy and approach
- Grasp the common issues and mistakes:
- Unremitted foreign-sourced income
- Tax exemption for foreign-sourced dividends
- Foreign exchange gain or losses
- Interest expense
- Provisions
- Capital allowances
- Foreign tax credit
- Transfer pricing - Know the tax updates:
- CIT Rebate and CIT Rebate Cash Grant
- Enhancement of Section 13W of Income Tax Act
- Tax deduction on payments for issuance of new shares under EEBR scheme
- Tax treatment of share-based compensation of service provider - Comprehend how you can improve on your tax compliance
- Be familiar with the penalty framework
- Know the resources available to taxpayers, tax agents and tax professionals
SCTP reserves the right to vary any aspect of the event/ webinar should the situation warrant or due to unforeseen circumstances. This includes but not limited to the following: cancel the programme, change the venue, speakers, programme dates, fees and CPE hours. SCTP will take reasonable effort to notify participants of the changes.
Poh Teck Leng ATA (Income Tax)Tax Specialist, Corporate Tax Division – Branch 2
Inland Revenue Authority of Singapore
Teck Leng is a Tax Specialist (Accredited), focusing on tax compliance matters relating to companies in the manufacturing & services sectors.
Lim Jie Jing ATA (Income Tax)Tax Specialist, Small Business Division – Business Operations Branch
Inland Revenue Authority of Singapore
Jie Jing is a Tax Specialist (Accredited), presently involved in system projects. Before this, Jie Jing focused on tax compliance matters relating to companies in the wholesale sector.