Tax 101 Series: Intangible Assets - Writing-down Allowances (On Demand)


"IP IS AN ASSET. IP IS PROTECTION AGAINST COMPETITION. IP CAN MAXIMISE VALUE" – A good many of experts have viewed the intellectual property (IP) as a company strategic asset and should be managed to leverage the optimum value from it, at the same time, they also concur that taxpayer should take the tax implications on IP seriously. In tandem with these widespread acceptable practices, understanding your fundamental tax rights (entitlements) will allow you to manage your tax risk and save tax legally.

"Tax planning is all about long-term thinking." Understanding your fundamental tax rights (entitlements) will allow you to manage your tax risk (and saving tax legally) with confidence.

This session discusses the thorny tax implications of intangible assets, including WHT liabilities and writing-down allowances that may be claimed by a taxpayer in connection with expenditures incurred on the creation of intangible assets.

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
  • Why Intangible Assets? What is the nature of the writing-down allowances that may be granted in connection with intangible assets?
  • What are the conditions that must be fulfilled before claiming a writing-down allowance for intellectual property rights?
  • Intangible assets and its broader tax implications – identifying WHT risks
  • Exploratory case study - IP & Business Strategy
  • Q&A

What you will learn

By the end of this session, attendees should be able to obtain a systematic understanding of knowledge of (to evaluate the effects thereon) Key definitions: intellectual property rights, know-how, patent rights, indefeasible right of use in the wide interdisciplinary concept, on determining what intangible assets are - and its related tax concepts – WHT and writing-down allowances. 

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. 

Register for this session on its own or register as part of the 5 webinars bundle or 10 webinars bundle and save up to 58%

The webinar was recorded on 11 May 2021.

  • Elearning
    • $128.40 e-Learning 20% Discount - Apply Promotional Code: OEC20 $102.72incl. GST (7%)
    • PD hours: 1.5
    Complete online at your own pace (Self-paced)
    • $128.40 e-Learning 20% Discount - Apply Promotional Code: OEC20 $102.72incl. GST (7%)

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