SCTP: Clear the Air on Carbon Tax

Recommended: Clear the Air on Carbon Tax

Date:

01 July 2022, Friday

Closing date: 24 June 2022, Friday, or when spaces are filled

Registration

Notify Me of Next Session

Time:

10.30 - 11.45AM

Tech check from 10.15am

Venue:

Online Classroom

CPE Hours (Income Tax):

1.25 hour(s)

CPE Hours (GST):

0 hour(s)

CPE Hours (Non-Tax):

0 hour(s)

SILE Public CPD Points:

Fees:

Complimentary

Contact:

Contact Nabila (+(65) 6360 5969), Anna (+(65) 6360 5979) or enquiry@sctp.org.sg

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Programme Synopsis

Finance Minister Mr Lawrence Wong stated at Budget 2022 that Singapore will strive to achieve net-zero emissions by or around 2050. To achieve that, carbon taxes would be raised progressively from 2024.

A quick search on the internet and there is never-ending literature on carbon tax. From ongoing plans to compliance, not to mention the tax authority’s recent update on the taxability of income derived from the sale of carbon credits (FAQ 3) and expenditure of carbon credits. The online information from various sources can be breath-taking and can cloud one’s comprehension!

Join in this upcoming webinar to clear the air on carbon tax with none other than Accredited Tax Advisor (Income Tax) Mr Tan Shao Tong, Tax Partner at WongPartnership LLP, as he touches on various carbon tax schemes, acts, grants, and incentives you should know.

Programme Outline

Be aware of various carbon pricing schemes
- Compare carbon tax systems and cap-and-trade system
Know the background to carbon tax in Singapore and the Carbon Pricing Act 2018 such as the Genco Energy Efficiency Grant Call by the Energy Market Authority, the Resource Efficiency Grant for Energy by the EDB, and the Energy Efficiency Fund by the NEA
Familiarise yourself with the various carbon tax grants and incentives
Grasp the upcoming developments and what these mean for businesses

About the Facilitator(s)

Mr Tan Shao Tong
Tax Partner
WongPartnership LLP
Accredited Tax Advisor (Income Tax)

Shao Tong is a Partner in the Tax Practice at WongPartnership LLP. His main practice areas are income tax, goods & services tax, stamp duty and property tax.

He has been involved in notable cases such as the Comptroller of Income Tax v BBO (on the tax treatment of investment gains by insurance companies), ATG v The Comptroller of Income Tax (involving an appeal against the Comptroller of Income Tax's decision to disallow claims for capital allowances incurred for plant and machinery used by the appellant's sub-contractors and vendors), Comptroller of Income Tax v ACC (involving a judicial review application relating to withholding tax on payments under interest rate swaps) as well as the follow-on landmark decision of ACC v Comptroller of Income Tax, ZF v Comptroller of Income Tax (on demountable dormitories and capital allowances), and ABB v Comptroller of Income Tax (on the taxation of stock options granted to an employee's estate).

Shao Tong graduated from the National University of Singapore and is admitted to the Singapore Bar. Besides being an Accredited Tax Advisor (Income Tax), he is also a fellow of the Association of Chartered Certified Accountants.

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