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Description
This practical workshop aims to provide participants with a better understanding of the current practices relating to Singapore corporate tax planning. Participants will learn the key tax issues and considerations of doing business and investments in Singapore. This workshop will also examine common practical tax challenges identified by IRAS and will provide you with the common techniques to minimise tax costs through tax efficient structuring and planning.
Programme Outline
Singapore Corporate Tax Regime and Tax Incentives
- Overview of the tax regime, taxability and deductibility rules
- Capital allowance claims
- Tax incentives and schemes, practical approach
Taxation aspects of Different Business Entities
- Sole proprietorship
- Partnership/limited liability partnership
- Private limited company
- Branch
- Representative office
Tax Factors and Considerations in Determining your Corporate or Investment Structure in Singapore including Financing Structure
Tax Issues and Considerations relating to Mergers and Acquisitions (M&A)
- Share deal vs asset deal
- Tax due diligence
- Utilization of losses/capital allowances
- Amalgamation
How to Avoid Common Pitfalls
- Address key application issues and commonly made mistakes
- Common issues / queries raised by IRAS to taxpayers
- Exercise due care to avoid / reduce penalties
Relevant Case Studies
Q & A session
What you will learn
At the end of this workshop, you will:
- Understand the common tax considerations to be made when undertaking a tax planning for a company or group of companies
- Understand better on tax issues arising from a merger & acquisition
- Discover the practical issues raised by IRAS
- Avoid penalty for late or non-compliance
Target Audience
- CEO, CFO, Financial Controller
- Accounting and Tax Professionals who would like to have a practical knowledge of tax planning.
- Personnel involved in tax compliance and planning of the company will also find the workshop useful.
Expert Speaker
Loke Yew Ken
Yew Ken is the Director of International Tax at RSM Tax Pte Ltd and has more than 17 years of working experience in taxation. He was with two of the “Big 4” International Accounting Firms servicing a broad spectrum of clients. He specialises in corporate taxation including tax advisory, restructuring exercises for companies and tax due diligence assignments for acquisition and merger of businesses.
He also has wide experience in projects relating to indirect taxes, tax incentive and grants applications, transfer pricing, cross-border investments, managing tax compliance affairs, tax health check, tax audit review and tax investigation assignments.
He has been providing consulting services for local and multi-national corporations in the manufacturing, trading, logistics, engineering, retail, construction companies, entertainment, information technology and services industry.