Course Detail()

Programme Objective

This programme is designed to help participants achieve a higher appreciation of tax planning techniques and how it can be applied to business decisions both locally and internationally. It will cover both local tax planning as well as international tax planning. As this is an advanced tax programme, the assumption is that participants are already conversant with basic tax laws and practice in Singapore. Other advanced tax topics such as tax incentives, transfer pricing and tax issues in mergers and acquisitions will also feature in this programme. Where applicable, practical examples, illustrations and case studies (including recent court cases) will be used to enable participants to relate and apply to real life tax situations.

Programme Outline

Day 1

Introduction to tax planning and application of common tax planning techniques in the following areas:

Full/partial tax exemption and residence status
Taxability of trade income
Deductibility of trade expenses
Claims for capital allowances
Utilisation of tax losses
Managing withholding tax burden and obligations
Claiming reliefs from double taxation

Overview of tax incentives and coverage on selected tax incentives, including:

Headquarters tax incentives
Development and expansion incentive
Global trader programme
Pioneer incentives for products and services
Investment Allowance

Transfer Pricing and Anti-Tax Avoidance, including:

Transfer pricing guidelines and consultation
Advanced Pricing Arrangements and Mutual Agreement Procedures
Intercompany loans and services
Tax Evasion v Tax Avoidance v Tax Planning

Tax Issues in corporate mergers and acquisitions, including:

Overview of corporate M&As
Normal tax implications
New tax framework for statutory voluntary amalgamations
New M&A tax allowance and stamp duty remission for qualifying M&As

Day 2

Introduction to international tax planning including objectives of international tax planning and common techniques, including;

Use of international holding company
Use of international finance company
Use of international purchase and sales company

Tax issues to consider when a company ventures overseas, including:

Choice of investment vehicle
Designing a tax efficient holding structure
Planning the financing structure
Profit repatriation
Common pitfalls to avoid
Taxation of foreign income in Singapore

Understanding the role of tax treaties in international tax planning, including:

Overview of Double Tax Agreements (DTAs)
Singapore’s DTAs
OECD Model Tax Convention and Commentaries on various treaty articles
Base Erosion and Profit Shifting (BEPS)

Training Methodology

Lecture style with Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Senior tax professionals, accountants and finance personnel who are charged with tax minimisation responsibilities. Non-tax professionals who are concerned with the company's bottom-line and work closely with tax staff to achieve higher profits after tax for the company.

Schedule & Fees

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2022. *This excludes miscellaneous fees such as GST and registration fee etc.

This course is approved for UTAP support for intakes conducted between 01 April 2021 – 31 March 2022.

As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
Course by training provider must be supported under UTAP and training must commence within the supported period and;
Unfunded course fee must not be fully sponsored by company or other types of funding
Unfunded course fee must be S$20.00 and above, and;
Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
UTAP application must be made within 6 months after course ends.

To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)