Interested in attending? Have a suggestion about running this course near you?
Register your interest now
Description
The laws have been very cautious about making positive statements as to what is legitimate tax planning and explicitly does not constitute tax avoidance. With respect to the construction of section 33 of the ITA, the CIT adopts an approach based on the principles enunciated by the Court of Appeal (“CA”) in the case of CIT v AQQ [2014] SGCA 151 (“AQQ case”). We can do our part to minimise the negative impact of such action taken by CIT to educate taxpayers and to avoid unnecessary tax costs to the business to a difficult and complex area of tax law and practice.
The effect of CIT’s adjustments will mean the loss of tax exemptions and tax rebates normally applicable to companies, and in almost all cases a higher effective tax rate borne by owners of the companies. This webinar aims to enhance your current knowledge of the Singapore Withholding Tax System, Deemed Sourced Rules in Section 12 (7) of the Income Tax Act and withholding tax administration. You will also understand how DTAs can be used to effectively manage cross border transactions in real life.
Programme Outline
- Introducing of Avoidance of Double Taxation Agreement (DTA)
- How DTA can help to manage cross border transactions
- Overview of Singapore withholding tax
- Conditions when withholding tax is needed
- When and how to make withholding tax payment to IRAS
What you will learn
- Enhance your current knowledge of Withholding Tax
- Understand how DTAs can be used to effectively manage cross border transactions in real life.
Target Audience
An Intermediate level programme intended for both Practising and Non-Practising Tax Accountants, Business Accountants and Auditors
Expert Speaker
Kevin Lee has a Master of Taxation from the Singapore University of Social Sciences ( SUSS ).
He was the Group Financial Controller with a foreign company for many years and he has more than 10 years of experience in financial reporting, audit, tax, treasury and corporate advisory in various industries, including internationally well-known hotel chain, marine (including oil and gas) and supply chain management, logistics and transportation and heavy machinery industries that cover South East Asia and Australia.
Kevin’s forte is designing defensible and sound economics-based tax strategies (including GST) that are from the compliance, finance, risk governance and accounting perspectives, i.e. enterprise tax risk management. He is also a Subject-Matter Expert (advisory) for "CCH Integrator" Singapore GST compliance reporting programme and IFRS Compliance Framework report automation project.