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


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Date:
12 April 2024, Friday

Time:
09.00AM - 05.00PM
Venue:
ISCA House
60 Cecil Street
Singapore 049709

Details/ Promotion:
Please click here for more details and here to register.
Accredited tax professionals enjoy members' rate!
Contact:
Please refer to organiser’s webpage here.
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Programme Synopsis

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 by ISCA 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

A Highlight of Key Areas:
  • 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

About the Presenter(s)/ Trainer(s)


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Mr Kenny Lim
Fellow CA (Singapore), MSID, MBA, BAcc

Accredited Tax Advisor (Income Tax and GST)


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.









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