Navigating the Challenges of Singapore Corporate Tax Compliance Requirements

Description

This workshop aims to equip you with the knowledge of Singapore corporate tax system and recent changes that can impact your businesses. With Singapore’s tax regulations constantly evolving, it is crucial for businesses to be familiar with corporate tax requirements and stay informed of recent developments to effectively manage their tax compliance process.

Participants will have a good overview of the different aspects in the Singapore corporate tax regime. These include strengthening your understanding of basic corporate tax principles, updates to recent changes, and appreciating the importance of maintaining relevant and concise information to facilitate efficient income tax preparation.

There will also be highlights on key tax considerations and challenges that businesses may face while preparing corporate tax computations. With this, participants can gain insights on how Singapore tax compliance challenges can be better managed within their businesses.

Programme Outline

Singapore Corporate Taxation

• Taxation of income
• Deductibility of expenses
• Capital allowances claim
• Group relief system
• Utilisation of unabsorbed capital allowances, tax losses and donations
• Loss carry back relief system
• Tax exemption
• Corporate tax rates and rebate
• Brief update on transfer pricing requirements

Preparation of Corporate Tax Computation

• Tax computation exercise
• Q&A session

What you will learn

• Understand the Singapore corporate tax regime and compliance requirements.
• Gain greater insights into the recent tax changes and manage practical compliance issues to achieve greater tax efficiency and compliance.
• Hands-on exercise to be equipped with the knowledge on how to prepare tax computations.

Target Audience

• Chief Financial Officers
• Financial Controllers
• Accounting and Finance Managers and Professionals
• Directors and Business Owners

Expert Speaker

Chua Hwee Theng

Hwee Theng is a Tax Director and has vast experience in all aspects of corporate and personal income taxes, having spent more than 10 years with public accounting firms (including one of the Big 4) as well as the Inland Revenue Authority of Singapore (IRAS).

She assists numerous clients from diverse industries - including private equity, fund management, real estate, construction, healthcare, manufacturing, transportation and logistics - in areas such as double taxation treaty interpretations, tax risk management, tax incentives, withholding tax, cross-border transactions, investment structuring and negotiations with the tax authority. She also undertakes tax due diligence reviews as well as tax investigations and audits.

Hwee Theng speaks regularly at public tax seminars and is well-received for making complex tax concepts easy to understand.