BIZ-SCIT Singapore Corporate Income Tax (Synchronous e-learning)
About This Course
This course will address the following:
-Overview of Singapore’s tax regime
-Basis of income taxation
-Tax residency status and why it matters for corporate taxpayers
-Various types of taxable income derived by companies
-Deemed source income
-Rules for claiming deductible expenses and donations against taxable income
-Special deductions, further deductions and prohibited expenses
-Claiming and deferring claim for capital allowances
-Plant and machinery allowances
-Writing down allowances
-Rules for claiming tax loss items, such as, unabsorbed capital allowances, trade losses and donations
-Group relief, carry forward and carry back of loss items
-Taxation of non-residents and withholding tax rules in Singapore
-Taxation of foreign income and ways of seeking relief from double taxation
-Case studies on preparation of tax computations for both profitable and loss-making entities
-Use of exemptions and reliefs to defer and minimize corporate income tax liabilities
-Practical examples, illustrations and case studies (including recent court cases) will be used to help you relate and apply to real-life tax situations.
What You'll Learn
This short course aims to provide you with basic knowledge of corporate income tax laws, principles and practices in Singapore:
-Gain practical understanding of Singapore’s corporate tax system.
-Prepare corporate tax computations.
-Apply simple and effective tax planning techniques to improve your company’s net profit after tax.
Entry Requirements
Basic understanding of financial accounting and business laws in Singapore.