Tax 101 Series - Taxation of Companies, Club and Society, Trust

Description

Taxpayers are often queried on the deductibility of expenses incurred in the commencement of a new activity connected with an existing trade or an existing department's expansion. Furthermore, if the expenses incurred for such activities are reflected separately in the accounts, they may become a subject of investigation. Nevertheless, it is a question whether an existing business has been extended or a new business has commenced where a company initiates a new activity.

This session deals with the crucial test of determining whether the company is involved in two separate and identifiable trades of wholly different natures.. This program is a mix of practical experience and academic knowledge.

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
  • Definition and residence of a company
  • Tax treatment of business divisions
  • Computation of a company’s assessable income
  • Exploratory case study - River Estates Sdn Bhd v DGIR (1984)
  • Q&A

What you will learn

Fundamental understanding on tax treatment of companies and their business divisions

Target Audience

An introductory level program intended for tax accountants, business accountants, auditors, and non-finance executives with little or no tax knowledge.

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 webinar bundle or 10 webinar bundle and save up to 58%

The webinar is on 26 March 2021.

  • Mar 26
    Fri, 1:00 PM SGT - Fri, 2:30 PM SGT Online
    • $128.40 incl. GST (7%)
    • PD hours: 1.5

Coming Soon

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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.