SCTP: The Yellow Brick Road to Tax Compliance (Live Webinar)


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Recommended: Achieve surety and be more efficient this tax season!
Date:
05 October 2023, Thursday

Closing date: 28 September 2023, Thursday or when spaces are filled

Time:
10.00 - 11.30AM

Tech check from 9.45am

Venue:
Online

CPE Hours (Income Tax):

2 hour(s)

CPE Hours (GST):

0 hour(s)

Fees:
(w/GST): $41.04 (SCTP/ ISCA Member); $62.64 (Association Member); $91.80 (Non-Member)
Contact:
Contact Nabila (+(65) 6360 5969), Anna (+(65) 6360 5979) or enquiry@sctp.org.sg
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Programme Synopsis

It is that time of the year again. It is corporate tax season! Much has happened in this past 12 months. The Enterprise Innovation Scheme was introduced in Budget 2023. The scope of the DTDi scheme has been enhanced to include e-commerce campaigns.  

In a hectic whirlwind of ever constant tax developments and updates, the year has torpedoed through the calendar to 2H 2023, heading into Q4! In the midst of it all, as we head into the last quarter, be sure you take time off to ensure you are ready for this last sprint to the year end – the corporate tax dash. 

Be it a refresher we all need, your first SCTP webinar, your first tax season leading a team, or working with a new team, reserve your space and achieve clarity in various areas in tax compliance as the Singapore Chartered Tax Professionals once again collaborates with the Inland Revenue Authority of Singapore (IRAS) to present to the tax community a session covering the common issues and errors in tax returns so that you whisk through this season with greater ease. Other than the recap of essential key tax updates for greater clarity when finalising your/ your clients’ corporate tax returns this year, new areas to note following the various recent changes will also be covered.

Programme Outline

  • Understand the common issues encountered by and mistakes made by companies in areas such as:
    • Tax exemption for foreign-sourced dividends
    • Unremitted foreign-sourced income
    • Foreign exchange gain or losses (plus de-mininis limit for designated bank account)
    • Insurance policy premium
    • Interest expense
    • Provisions
    • Capital allowances
    • S14N deduction (renovation and refurbishment)
    • Foreign tax credit
    • Transfer pricing
  • Be aware of the tax treatment in these areas:
    • Enterprise Innovation Scheme (“EIS”) (YA 2024 to YA 2028)
    • Double Tax Deduction for Internationalisation (“DTDi”) Scheme (from 15 Feb 2023)
    • Tax treatment for trading stocks appropriated for non-trade or capital purposes/ Valuation of cost of trading stock converted from non-trade or capital asset
    • Deduction for upfront expenses incurred to secure leases of immovable properties
    • Deduction for expenses incurred during vacancy period between leases of immovable properties
    • Exclusion of expenditure or payment subsidised by capital grant
    • Increase in the maximum penalty amounts for non-filing and other general offences
  • About the Facilitator(s)


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    Ms Ong Siew Tieng
    Tax Specialist, Corporate Tax – Branch 2
    Inland Revenue Authority of Singapore
    Accredited Tax Advisor (Income Tax) 


    Siew Tieng is a Tax Specialist (Accredited), focusing on tax compliance matters relating to companies in the manufacturing & services sectors.

    event image

    Ms Crystal Liang
    Tax Specialist, Corporate Tax – Branch 2
    Inland Revenue Authority of Singapore
    Accredited Tax Advisor (Income Tax)


    Crystal is a Tax Specialist (Accredited), focusing on tax compliance matters relating to companies in the wholesale sector.








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