Tax 101 Series - Assessable Income, Section 10


hide mobile image
default image
Date:
09 April 2021, Friday

Time:
01.00 - 02.30PM
Venue:
Online

Details/ Promotion:
Please click here for more details and here to register.
Contact:
Please refer to organiser’s webpage here.
Share the Event:
     

Programme Synopsis

What constitutes income? Are you able to distinguish between income, gain and profit? Do you have a good grasp of how to read and interpret the legislation in addition to being familiar with when is income taxable? Understanding fundamental legal (tax) knowledge will allow you to manage your tax risk with confidence. It is also crucial for you to have a helicopter view of the various legislation, particularly the Income Tax Act (ITA).

This session deals with the tax (legal) definition and income elements (royalties, service fees earned, etc.), chargeable income and assessable income.
As you will discover, taxation is a highly controversial and politically driven area of study, making it even more exciting. Also, IRAS has recently published a ruling related to section 10(25), This session is a mix of practical experience and academic knowledge.

Programme Outline

1. Singapore tax system
2. Definition of income and factors determining taxability of income
3. Section 10 vs income chargeable to tax
4. When is income taxable?
5. Exploratory case study - JPR Ltd v Comptroller of Income Tax (2012)
6. Q&A

About the Presenter(s)/ Trainer(s)


event image

Mr Kevin Matthaios Lee
Advisory Consultant
JPL Wong Tax Services Pte Ltd
Accredited Tax Practitioner (Income Tax)


Kevin, a business finance professional, is also a Subject-Matter Expert (SME) in the tax practise of a mid-tier professional services firm, while simultaneously holding a position as a trainer/facilitator where he shares his insights on the global issue in FRS, political science and economics and international business law. He has been a speaker at various seminars, and network (exclusive) events, inter alia, Wolters Kluwer (CCH), ISCA, CIMA and ACCA. 








PROFESSIONAL DEVELOPMENT

Upcoming Events
Tax Articles and Webinars On-demand
Tax News
Taxlogues (members-only access)
The Region's Tax



Please click here for speaking opportunities at SIATP's (now referred to as SCTP) events.

JOIN US

Benefits and Privileges of Accreditation
Accreditation Criteria
Membership Fees
FAQs
Apply Now



Please click here for possible publication of your article.



Privacy & Data Protection Policy | Terms of Use | Copyright © 2021 Singapore Chartered Tax Professionals Limited

This site is best viewed in Google Chrome and Mozilla Firefox. Please use the print-friendly icon on the left for optimum prints.




facebook icon
linkin icon
email icon
print icon