Corporate Tax Training Course Singapore
UTAP
Union Training Assistance Programme
3 DAYS
Course Days
21 HOURS
Course Duration
9:30 AM - 5:30PM
Course Timings
VENUE
10 Anson Road, 26-08A International Plaza, Singapore 079903
Course Start Date
Singapore Corporate Tax Training Course (Basic, Intermediate & Advanced Level)
The Singapore Corporate Tax Training is a three-day course designed to help SME owners and accounting staff understand the difference between accounting profit and taxable profit
The Basic Level covers key principles of Singapore income tax and helps participants understand what counts as taxable and non-taxable income, as well as how deductible and non-deductible expenses are treated by the Singapore tax authorities.
The Intermediate Level helps participants classify expenses more accurately and avoid making wrongful claims during tax filing. It also deepens their understanding of tax and GST computations through case studies and practical examples
The Advanced Level focuses on the correct presentation and classification of input and output tax. Participants will also gain a deeper understanding of how foreign income received by a Singapore tax-resident company is taxed, including the treatment of foreign tax paid. The workshop includes hands-on practice with C-S Form filing, supported by several case studies to reinforce learning.
This workshop also helps participants understand the taxability of foreign income received by a Singapore tax-resident company, including how foreign taxes paid are treated under Singapore tax law.
Why you should take up the business tax preparation course?
This training is suitable for business owners with local and foreign income on various tax rules & regulations.
Accounting staff who need tax knowledge to better classify accounts to avoid “pitfalls”.
Understand the concept of double tax relief available.
Allows participants to understand the concept of taxability of foreign income received by a tax resident company in Singapore tax paid and its treatments.
This course is conducted by members of Institute of Singapore Chartered Accountant (ISCA), ASEAN CPA, working in accounting firms with taxation, audit and lecturing experience.
Target Audience
This training is suitable for business owners with local and foreign income on various tax rules and regulations. Also, for accounting staffs who need tax knowledge to better classify account to avoid “pit falls” and to understand the concept of double tax relief available.
Day One / Basic Level provides knowledge about Singapore income tax principles and help participants to understand taxability of income and deductibility of expenses.
Treatment taxable income under section 10 (1) and deeming provision under section12 and Section 13
Treatment of deductible expenses under section 14 and non-deductible expenses under section 15 in the eyes of Singapore tax authority.
Case study will be provided to strengthen the understanding of the training
As such, participants will be able to set up classify revenue and expenses more appropriately in the eyes of law and avoid “unintentional’ evasion of tax
Day 2 / Intermediate Level helps participants understand the treatment of non-current assets and the depreciation treatment in the tax environment. Training also covers Goods and Services Tax issue in detail
Capital allowance under section 19 in replacement of depreciation disallowed.
Output GST treatment of Taxable supplies and claiming of GST Input tax under rule 26, 27 and 33.
Case study will be provided to strengthen the understanding of the training
As such, participants will be able to understand GST terminologies and would be able to fill up GST F5 accurately to unnecessarily filling of F7
Day 3 / Advance Level helps SME and many small companies in the course of venturing overseas and earning overseas incomes. Training also covers treatment of trade losses carry back scheme that help companies to claim part of the tax paid.
The taxability of bring back foreign income earned under section 10 (25)
Mechanism in the calculation of carry back to claim back part of tax paid in the past
Case study will be provided to strengthen the understanding of the training
As such, participants will understand the concept of taxability of foreign income received and carry back scheme
Who should attend this Corporate Tax Course Singapore
This Corporate Tax Training is ideal for business owners with both local and overseas income who want to better understand tax rules and regulations. It’s also suitable for accounting staff who need practical tax knowledge to accurately classify accounts, avoid common pitfalls, and grasp the concept of double tax relief.
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Entry Requirements
Above 16 years old
High School Level English
Basic internet & computer operation skills
Course Completion Requirements
Minimum 75% attendance is required in order to complete the course and receive the course completion certificate
Course Fee
S$275/ any 1 level (Basic, Intermediate or Advanced)
Package of any 2 levels: S$475.00/any 2 levels
Package of all 3 levels: S$595.00/full course of 3 levels
*The mentioned course fee is excluded of GST.. New GST rate of 9% will be applied for all registrations made after 31st December 2023*
This price includes also the training materials (soft copies – only soft copy included, printed copy is payable additionally, please check with our sales) and light refreshment. Laptop is not required for this training.
Group discount (Applied from 1 June 2023)
From 4 participants joining together, there is 5% discount for each participant.
From 5 participants joining together, there is 10% discount for each participant.
Corporate training
For a group with a minimum of 12 pax, we can conduct the private/in-house training. The course outline can be customized upon request. (Course fee depends on the number of participants and customized program).
For Individual self-sponsor
- NTUC union members (Only for participants taking 3-full-day course within 60 days-No discount given): Can claim from UTAP funding 50% of the unfunded course fee, cap at $250/year/pax – applicable for course start before 31 March 2025
Unfunded course fee refers to the balance course fee payable after applicable government subsidy.
For more details, kindly visit: Union Training Assistance Programme (UTAP) (ntuc.org.sg)
Corporate Tax Course Outline
Basic Level (Day 1)
- Introduction to corporate tax in Singapore
- Tax Terminology
- Tax residences of companies and short visiting of foreign expertise
- Charging section – Section 10 (1) (a) to 10 (1) (g)
- Deeming Provision – Section 12
- Exempted Income – Section 13
- Tax Deductible Expenses – Section 14
- Exercise and case studies Q &A
Intermediate Level (Day 2)
- Non-Deductible Expenses/ Prohibited Expenses – Section 15
- Capital Allowance – Section 19, S19(a) to S19 (f)
- Related party transfer of Non-current assets – Section 23 and 24
- Goods and Services Tax
- Exercise and case Studies · Question & Answer
Advanced Level (Day 3)
- Foreign income received in Singapore – S50A
- Double tax relief computation
- Corporate Tax Computation practice
- Exercise and case Studies · Question & Answer
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Read MoreTax Course Singapore FAQ
What is a corporation tax course?
Business needs to pay taxes to run profitable business. The course is meant for accounting professionals to give them a fair idea about how the corporate taxation process works and how accounting profit and taxable profit are different from each other.
What if I fail/did not complete the assessment?
You will be considered non-competent and no Statement of Attainment (SOA) will be awarded. You are required to pay the complete course fee, which includes the SSG’s funding requirement.
What are the duration and the course outline of taxation courses Singapore?
The taxation course Singapore is a 21 hours long program that prepares you in and out of the industry. Starting right from the income tax principles to going to the concept of taxability of foreign income received by a tax resident company, the course has it all. The curriculum is designed as per the demands of the industry and ensures that the foundation is crystal clear for effective and efficient work and results. The course is divided into 3 parts:
Basic level
Intermediate level
Advanced level
Basic level: This level covers everything and anything related to the Singapore income tax principles. It also throws some light on taxable and non-taxable income and the treatment of deductible and non-deductible expenses in the eyes of the Singapore tax authority. The basic level focuses on making a strong foundation so that one can sail smoothly to the advanced level.
Intermediate level: Intermediate level is a step ahead of the advanced level. Here, students will learn to classify expenses more accurately and will undergo hands-on training on tax computation and GST computation better with case studies and practical examples.
Advanced level: This is the amalgamation of the other two levels with a pinch of new learnings. At this level, students will learn the correct presentation and classification of input tax and output tax. They will also understand the concept of taxability of foreign income received by a tax resident company in Singapore tax paid and its treatments. The advanced level will also focus on C-S form filling with several case studies.
Who are the chief trainers of the corporate tax training Singapore?
We as an esteemed educational institute are very picky when it comes to picking up the best talent to train our students for their wonderful future growth. All the trainers are members of the Institute of Singapore Chartered Accountants (ISCA), ASEAN CPA, working in accounting firms with taxation, and audit and have immense lecturing experience so that you can harness the best of everything.
Who can take up the corporate tax course Singapore?
The course is ideal for people who are already in the accounting industry. However, the course can be fruitful for:
Accountants
Bookkeepers
Entrepreneurs
Finance professionals
Student
ADDITIONAL SUPPORT
For Company
* Eligible companies can reimburse up to 90% of the payable amount via SFECFor Self-sponsor
* Singaporean can offset the payable amount via SkillsFuture Credit (Except Mid Career Credit) and/or PSEA * NTUC Union members can reimburse of up to 50% of the unfunded fee under UTAP Enjoy up to $250 UTAP support. More info: UTAP
Note: minimum 75% attendance & passing all the assessment are required for WSQ subsidy deduction.
Address
10 Anson Road,
26-08A International Plaza
Singapore 079903
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