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.
Fundamental understanding on tax treatment of companies and their business divisions
An introductory level program intended for tax accountants, business accountants, auditors, and non-finance executives with little or no tax knowledge.
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.
The webinar is on 26 March 2021.