Tax 101 Series: Tax Administration

Description

"Court dismisses dentist's appeal over tax on earnings"; "The tax authorities said last week that Section 33 had been applied to more than 100 medical professionals" (The Straits Times, 2020).

The line between tax planning and avoidance would be clear only if the law were clear (and it is not). While we are aware that tax planning is allowable under the law, tax avoidance is not. Although tax law is complicated, Singapore's GAAR provisions are relatively straightforward. Yet, they are not always easy to apply in practice, particularly in complex arrangements where the risks hinge on the facts, circumstances and evidence available.

This webinar will address the anti-avoidance provisions in tax legislation and its application in relation to Section 33 vs Section 47 . 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
  • Anti-avoidance provisions in tax legislation
  • Comptroller’s powers under s 33 and 33A
  • Comptroller’s powers under s 47
  • Exploratory case study - Wee Teng Yau v Comptroller of Income Tax and another appeal [2020] SGHC 236
  • 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) the powers of the Inland Revenue Authority of Singapore in the wide interdisciplinary concept, on determining what anti-avoidance provisions and its related tax concepts are. 

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%

  • Jun 04
    Fri, 1:00 PM SGT - Fri, 2:30 PM SGT Online
    • $128.40 incl. GST (7%)
    • PD hours: 1.5

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One-Connection-One-Fee

Our webinars operate on a 'one-connection-one-fee' basis, so you can have your whole team participate together in a boardroom setting for one cost effective price, using one registered log-in connection. The registered attendee will receive a CPD certificate.

Recordings

Like the topic but can’t make the time? Register for the Live Session and you’ll receive the Recording regardless! Recordings are provided for webinars with a duration of 3 hours and less.