Is severance payment taxable income or non-taxable retrenchment benefit? How the tax treatment of severance payment is mostly a question of fact, can be drastically altered based on its characterisation.
This session discusses the characteristic of the employment income. A detailed discussion of the taxation of individuals is beyond the scope of this session
The High Court has recently published a judgement related to section 10, and it is timely to be exploring this topic. 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.
By the end of this session, attendees should be able to obtain a systematic understanding of knowledge of (to evaluate the effects thereon) the employment income in the wide interdisciplinary concept, on differentiating between a severance payment and an ex gratia payment.
An intermediate level program intended for tax accountants, business accountants, auditors.
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.