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