A Practical Guide to Effective Corporate Tax Planning

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Description

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Effective corporate tax planning is vital in the management of an organisation’s financial affairs. A well-planned tax strategy would not only secure tax benefits and allow for tax effective repatriation of cash, but also contribute towards significant cost savings and ultimately improving an organisation’s bottom line.

With the use of practical examples and case studies, this workshop will provide participants with a sound and practical understanding of the current practices relating to corporate tax planning. Participants will be updated on key corporate tax issues and appreciate the common and effective techniques used to maximise tax savings by capitalising on beneficial tax-law provisions, increasing and accelerating tax deductions and tax credits through tax efficient structuring and planning.

Programme Outline

• Overview of the Singapore tax regime, tax incentives and schemes
• Practical application of various incentives
• Examining recent developments (e.g. initiatives provided under Internationalisation scheme) and regulatory changes, and how they benefit your organisation
• Developing the analytical skills needed to identify planning techniques to maximise tax deductions, allowances and reliefs
• Understanding planning techniques on how to repatriate profits in a tax efficient manner
• Developing tax efficient financing structure, corporate structure and investment structure
• Planning techniques on how to defer or minimize taxes in a compliant manner
• Tax planning vs tax evasion
• Addressing key application issues and commonly made mistakes
• Exercising correct judgement on certain tax positions and avoiding pitfalls and penalties
• Case studies on how recent developments may impact your tax outcome

What you will learn

At the end of this programme, you will:

• Develop the skills to identify key issues relating to tax planning
• Gain practical knowledge on how to mitigate tax liabilities and maximise tax savings in a compliant way
• Learn to reduce tax exposure and improve P&L
• Understand the key risk areas, recent developments and common errors

Target Audience

• CEOs, COOs, CFOs
• Tax and Accounting Professionals
• Those involved in Corporate Tax Compliance and Planning
• Those who manage the organisation’s bottom-line and work closely with tax staff to achieve tax efficiency

Expert Speaker

Wong Kok Siong

Kok Siong is a Tax Partner with Steven Tan Russell Bedford PAC. He has over 20 years of experience in tax compliance and tax planning, including 12 years with one of the Big Four Accounting Firms.

Kok Siong is well versed in Singapore income tax law and practice and he advises clients on a broad array of projects, including mergers and acquisitions, portfolio transfers, corporate restructuring, tax due diligence, cross-border transactions and investments. Having worked with clients in multiple industries, Kok Siong has extensive experience and expertise in serving local, multinational and listed companies in Singapore as well as multinational companies based in Asia Pacific, United States and Europe.

Kok Siong is an Accredited Tax Advisor (ATA) with the Singapore Institute of Accredited Tax Professionals, and a member of the Institute of Singapore Chartered Accountants.