Property Tax: Determining the “Right” Amount Accountants Should Pay
Date:
09 November 2021, Tuesday
Venue:
60 Cecil Street, ISCA House, Singapore 049709
Details/ Promotion:
Please click
here for more details and
here for the registration form.
Accredited tax professionals enjoy members' rate!
Contact:
Please refer to organiser’s webpage here.
Programme Synopsis
As an accountant, it is probably your remit to ensure that you are not paying excessive property tax. Are you then paying the “right” amount of Property Tax? How would you know if the Property Tax is excessive? If it is excessive, what is your recourse?
Are you taking advantage of the reliefs provided for in the Property Tax Act?
To have an appreciation of Property Tax, you will need to understand the principles underlying Property Tax and how it is determined, which is what this seminar intends to deliver. This will be useful for accountants in their work.
Programme Outline
- Principles of Property Tax
- The Charging Provision in the Property Tax Act which in turn determines the types of properties which are subject to tax
- The Methods to determine the “Annual Value”
- Determining if the amount of Property Tax to be paid is excessive or not
- What Accountants should do if Property Tax is excessive
- Taking advantage of the reliefs provided for in the Property Tax Act – What sort of benefits are we entitled to and when to use them?
- Recent Cases and Examples
About the Presenter(s)/ Trainer(s)
Mr Leung Yew KwongPrincipal Tax Consultant
KPMG in Singapore
Accredited Tax Advisor (Income Tax)
Yew Kwong is presently a principal tax advisor in a Big 4 accounting firm in Singapore. He was until March 2012, a tax lawyer at WongPartnership LLP and was previously with the Inland Revenue Authority of Singapore (IRAS) and its predecessor, the Inland Revenue Department, for 28 years from 1975 to 2004.
At the IRAS, he last held the posts of Chief Legal Officer and Chief Valuer concurrently where he dealt with all the taxes administered by IRAS, namely income tax, GST, stamp duty, property tax and estate duty.
Yew Kwong has also authored and co-authored a number of books, the latest being “Real Estate and Taxation in Singapore” (September 2022, World Scientific Publishing Co Pte Ltd).
Upcoming Events You May Also Be Interested In
12Jun
23Jul