Be Cool and Clear on the CPF Act


Recommended: Know the latest updates and the key considerations on CPF contributions
Date:
09 January 2020, Thursday

Closing date: 02 Jan 2020, Thursday or when spaces are filled

Time:
02.30 - 05.30PM

(Registration starts at 2.00pm. Light refreshments will be served.)

Venue:
To be advised. 

CPE Hours (Income Tax):

3 hour(s)

CPE Hours (GST):

0 hour(s)

Fees:
$ 94 (SIATP/ISCA Member);
$118 (Association Member/ EY's Client);
$168 (Non-Member)
Details/ Promotion:

Contact:
Nabila at 6597 5714 / Elaine at 6597 5718 
Share the Event:
     

Programme Synopsis

The Central Provident Fund (CPF) Act, whilst straightforward, can be an area of confusion between businesses and the authority with regard to the various tax requirements. The recent case in Singapore played out in the High Court involving a gym instructor and the CPF’s attempt to recover $147,000 in back-years’ CPF contributions is an example.

Beyond that, are you aware of the other changes to the CPF Act? More importantly, do you know the tax implications and the underlying business implications?

In this session, join Mr Sandesh Kumar, Director and Ms Sharon Chiam, Associate Director from People Advisory Services – Mobility, EY Corporate Advisors Pte Ltd as they take a deep dive into the concepts and interpretations of CPF amidst the current audit landscape. Joined by Accredited Tax Advisor (Income Tax) Ms Kerrie Chang, Partner, People Advisory Services – Mobility , Ernst & Young Solutions LLP in the Q&A session, come exchange perspectives and have your doubts clarified in this area.

Programme Outline

• Gain a deeper understanding of the key concepts and interpretations of CPF Act against the current audit environment
• Explore the crucial aspects of non-payment of CPF contributions, including remuneration items, reimbursement of expense claims and individuals who are wrongly classified as independent contractors
• Listen in on the case law on independent contractor versus employee
• Know the various CPF considerations when managing employees’ remuneration and reimbursements

About the Facilitator(s)


Mr Sandesh Kumar
Director
People Advisory Services – Mobility, EY Corporate Advisors Pte. Ltd.


Sandesh has over 24 years of experience in working on India and Singapore tax matters. He provides advice to his clients on tax matters including employer and employee tax reporting and compliance requirements, tax cost estimates, immigration and social security requirements and litigation matters. Sandesh undertakes due diligence reviews on employer-related compliance matters during mergers and acquisitions, health check reviews on employer-related tax and social security reporting and payment requirements and assist with the remediation measures.

Ms Sharon Chiam
Associate Director
People Advisory Services – Mobility, EY Corporate Advisors Pte. Ltd.


Sharon has more than a decade of professional experiences in the areas of mobility tax and related consultancy. Her key technical expertise is in Singapore tax compliance and advisory services. She is highly involved in individual and employment tax advisory in the areas including cross-border income tax, tax planning, long-term incentive remuneration structuring, due diligence and merger & acquisition transactions. She also represents clients in tax and social security remediation with the respective authorities.

Ms Kerrie Chang
Partner
People Advisory Services – Mobility, Ernst & Young Solutions LLP
Accredited Tax Advisor (Income Tax)


Kerrie has over 25 years of experience in providing tax consulting and global mobility tax services. Kerrie supports her clients through providing advice and consultation on tax issues including individual taxation, tax planning opportunities and cross-border employee moves. She has extensive experience in handling payroll reviews from a risk and compliance perspective, as well as social security contributions. She also works on tax and social security remediation cases with her clients, liaising on their behalf with the respective authorities.








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