Tax 101 Series: Employment Income 1

Is severance payment taxable income or non-taxable retrenchment benefit? How the tax treatment of severance payment is mostly a question of fact, can be drastically altered based on its characterisation.

This session discusses the characteristic of the employment income. A detailed discussion of the taxation of individuals is beyond the scope of this session

The High Court has recently published a judgement related to section 10, and it is timely to be exploring this topic. This session is a mix of practical experience and academic knowledge.

1. Singapore tax system
2. Taxation of individuals in Singapore
3. Basic tax concepts relevant to an individual
4. Capital versus revenue receipts of an individual
5. Exploratory case study - CIT v Forsyth, John Russell [2020]
6. Q&A