This is an SILE-accredited activity.
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From the age-old capital/ revenue debate, to a discussion of the legality of tax-optimising trust structures, several important tax decisions from an income tax, goods and services tax, and stamp duty perspective were handed down in the year 2023. These notable decisions raise various points of contention that are worthy of greater inspection. This 2024, usher in the year of the Dragon with fresh insights and greater clarity on key tax issues.
Join Accredited Tax Advisor (Income Tax) Mr Allen Tan, Principal, Mr Jeremiah Soh, Local Principal, and Mr Shawn Joo, Senior Associate at Baker & McKenzie.Wong & Leow, as they dissect the various controversies, give their insights on the cases, as well as share what these mean to you and your clients.
- Know the tax areas that were in the spotlight in 2023 and understand the implications that these decisions will have on future cases.
Income Tax
- Consider whether a payment received pursuant to a Sale and Purchase Agreement is capital or revenue in nature in GFG and another
v Comptroller of Income Tax (CIT)
- Understand what is a plant or building for the purposes of claiming capital allowances in Singapore Cement Manufacturing Co (Pte) Ltd v CIT
- Explore the scope of permissible expense deductions for Section 10E investment companies in GHZ v CIT
Goods & Services Tax
- Gain a better understanding of when a supply includes non-monetary consideration for GST purposes in Herbalife International Singapore Pte Ltd v Comptroller of Goods and Services Tax (GST)
- Examine the extent of the taxpayer's duty to provide evidence of supply for input tax claiming purposes in the context of a missing trader fraud scenario in GHY v Comptroller of GST
Stamp Duty
- Understand the legality of tax-optimising trust structures in respect of ABSD in Lau Sheng Jan Alistair v Lau Cheok Joo Richard and another
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.