Tax 101 Series – Land and Buildings – Intensification Allowances: Gains through Growth (On Demand)

Description

To develop high-value and substantive economic activities; Singapore businesses are encouraged to upgrade their capabilities or expand the scope of their business operations in Singapore through several incentives and schemes, including but not limited to Pioneer Certificate Incentive (PC), DEI, LIA, etc.,

This session discusses the land intensification allowance from IRAS and EDB perspectives. A company should manage to leverage the optimum value from it - "Tax planning is all about long-term thinking."

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
• Land intensification allowance (LIA) scheme
• Conditions for claiming land intensification allowance
• Qualifying expenditure under the land intensification allowance scheme
• Amount of land intensification allowance that can be claimed
• Q&A

What you will learn

By the end of this session, attendees should obtain a systematic understanding of knowledge of (to evaluate the effects thereon) the Land and buildings - Intensification Allowances in the wide interdisciplinary concept.

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.