The Essentials for Effective Corporate Tax Planning in Singapore

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Description

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Effective corporate tax planning is vital in the management of an organisation’s financial affairs. A well-planned tax strategy would not only secure tax benefits and allow for tax effective repatriation of cash, but also contribute towards significant cost savings and ultimately improving an organisation’s bottom line.

With the use of practical examples and case studies, this workshop will provide participants with a sound and practical understanding of the current practices relating to corporate tax planning.  Participants will be updated on key corporate tax issues and appreciate the common and effective techniques used to maximise tax savings by capitalising on beneficial tax-law provisions, increasing and accelerating tax deductions and tax credits through tax efficient structuring and planning.

The one-day workshop will provide an overview of the fundamentals of Singapore’s corporate tax regime, tax incentives and schemes, and practical application of the various incentives. You will discover planning techniques on how to defer or minimise taxes in a compliant manner and understand the difference between tax planning and tax evasion. You will learn how to maximise tax savings in a share deal vs asset deal, how to plan your financing structure, whether to claim foreign income tax exemption or foreign tax credits and avoid the common pitfalls in determining your corporate or investment structure.

Programme Outline

• Overview of the Singapore tax regime
• Tax planning vs tax avoidance vs tax evasion
• Practical applications of common tax incentives and schemes in Singapore
• Planning techniques to maximise tax deductions, allowances and reliefs
• Tax planning of financing structure, corporate structure and investment structure
• Tax planning in a share deal vs asset deal
• Common pitfalls to avoid
• Key Considerations during this COVID period
• Case studies
• Questions and Answers Session

What you will learn

At the end of this programme, you will:

• Be updated on and compliant with the current practices in corporate tax planning
• Learn effective tax planning techniques to maximise cost savings and improve the bottom-line
• Find out and avoid common pitfalls in tax planning
• Develop a robust tax planning strategy for your organisation

Target Audience

• CEOs, COOs, CFOs
• Tax and Accounting Professionals
• Those involved in Corporate Tax Compliance and Planning
• Those who manage the organisation’s bottom-line and work closely with tax staff to achieve tax efficiency

Expert Speaker

Wong Kok Siong

Kok Siong is a Tax Partner with Steven Tan Russell Bedford PAC. He has over 20 years of experience in tax compliance and tax planning, including 12 years with one of the Big Four Accounting Firms.

Kok Siong is well versed in Singapore income tax law and practice and he advises clients on a broad array of projects, including mergers and acquisitions, portfolio transfers, corporate restructuring, tax due diligence, cross-border transactions and investments.  Having worked with clients in multiple industries, Kok Siong has extensive experience and expertise in serving local, multinational and listed companies in Singapore as well as multinational companies based in Asia Pacific, United States and Europe.

Kok Siong is an Accredited Tax Advisor (ATA) with the Singapore Institute of Accredited Tax Professionals, and a member of the Institute of Singapore Chartered Accountants.