Tax 101 Series – Tax Losses: The “Double Dip” Effects Explained (On Demand)

Description

This webinar was recorded on 21 April 2021.

Companies' Corporate Tax entitlements? While companies may lose billions during a crisis, poor financial results affect more than just the bottom line. On second thought, are they that bad for companies? - I wish I had known these rules earlier - This session deals with the treatment of tax losses and the diverse options available to the taxpayer in utilising tax losses.

Our Tax 101 series is aimed at tax and non-tax trained junior executives or anyone who has an interest in understanding the Singapore Tax system. This session is a mix of practical experience and academic knowledge.

Programme Outline

• Singapore tax system
• Income tax principles regarding losses
• Use of tax losses in tax planning
• Continuity of ownership requirement - “Substantially the same”
• Exploratory case study - TTT v Comptroller of Income Tax (2012)
• Q&A

What you will learn

By the end of the session, attendees will appreciate and implement the correct tax-saving strategy (utilizing tax loss credit) to legally lower, reduce or save tax for their companies.

Target Audience

An intermediate level program intended for tax accountants, business accountants, auditors.

Expert Speaker

Kevin Matthaios Lee

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.