Event Overview

In today's dynamic business environment, managing tax risk is a critical component of sustainable operations. This seminar is designed to provide businesses with a comprehensive understanding of the Singapore corporate tax regime, focusing on both foundational principles and the latest legislative updates. Participants will gain crucial insights into how recent changes can impact their organizations, moving beyond mere compliance to achieve greater tax efficiency and strategic risk management.

The session will delve into the core mechanics of corporate taxation, from the fundamentals of income recognition and deductible expenses to more complex areas like capital allowances and group relief. By clarifying these essential topics and highlighting common areas of scrutiny by tax authorities, the seminar empowers finance professionals and business leaders to streamline their tax preparation processes, mitigate the risk of non-compliance, and make more informed financial decisions.

Event Modules

Module 1: Building a Strong Tax Foundation

· Taxation of Income & Deductible Expenses: What qualifies and what doesn’t.

· Understanding Capital Allowances: Claiming maximum benefits on your assets.

· Corporate Tax Rates, Rebates, and Exemption Schemes: A clear breakdown.

Module 2: Strategic Tools for Tax Efficiency

· Mastering Group Relief and Utilising Tax Losses & Donations.

· Leveraging the Loss Carry Back Relief System for immediate cash flow improvement.

· Optimising Deductions: Special, Further, and Enhanced Allowances:

· Special and Further Deductions: Learn to identify and claim common but often-missed deductions for specific business activities, such as qualifying renovation expenses, research and development (R&D) costs, and writing down allowances for intellectual property.

· Supercharging Innovation with EIS: A deep dive into the Enterprise Innovation Scheme (EIS). Understand how to unlock enhanced tax deductions of up to 400% on key innovation-driven expenditures, including qualifying R&D, intellectual property registration, training, and innovation projects undertaken with polytechnics and ITE.

Module 3: Navigating the Modern Tax Landscape

· Update Briefing: Analysis of recent corporate tax changes and transfer pricing requirements.

· Risk Management Focus: Corporate tax pain points and areas of IRAS scrutiny.

· Compliance in Action: Special highlights on frequent queries and non-compliance to fortify your filing process.

Key Learning Outcomes

Upon attending this seminar, you will be able to:

· Interpret the core mechanics of Singapore’s corporate tax system, including income taxation, deductible expenses, and capital allowances.

· Leverage key relief mechanisms such as Group Relief and Loss Carry-Back to improve your company's cash flow and tax efficiency.

· Apply the latest tax updates and transfer pricing requirements directly to your current compliance and reporting activities.

· Identify and Mitigate common tax risks and areas of non-compliance that are currently under regulatory scrutiny.

· Streamline your tax preparation process by maintaining precise records and understanding audit triggers.

Who Should Attend?

This program is critically relevant for:

· Finance Leaders & Strategists: CFOs, Finance Directors, and Heads of Finance responsible for tax strategy and financial planning.

· Compliance & Accounting Professionals: Tax Managers, Accountants, Financial Controllers, and Auditors who handle the end-to-end tax compliance cycle.

· Business Owners & Entrepreneurs: Founders and C-suite executives of SMEs and growing companies who need a firm grasp of their tax obligations and opportunities.

· Corporate Advisors: Consultants, Legal Advisors, and Financial Planners who require current, actionable tax knowledge to guide their clients effectively.