Fundamentals of Corporate Tax - 58th Run

27 February 2020, Thursday

09.00AM - 05.30PM
Carlton Hotel,
76 Bras Basah Road,

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Programme Synopsis

With an emphasis on tax planning, the Fundamentals of Corporate Tax workshop is crafted to help participants review the fundamentals of Singapore corporate tax concepts and mechanisms and learn to apply them successfully in their everyday business. Practical examples, illustrations and case studies will be used to enable participants to relate and apply to real-life tax situations.

By the end of this workshop, participants will:
  1. Be aware of the major changes and topical points that have arisen over recent months;
  2. Understand the key features of the Singapore tax system; and
  3. Be able to take an active stance in planning taxation so that it becomes a reasonable expense to the company, rather than an unreasonable burden.

Programme Outline

Overview of Singapore Tax System
  • Introduction to Singapore income tax system

Administration Matters
  • Administration and assessment procedures
  • Offences, penalties and appeals procedures
  • Objections and appeals

Taxation Concepts
  • The charging section
  • Badges of trade
  • Income vs capital and source of income

Prohibition and Deductibility of Expenses
  • General rules of deductibility of expenses
  • Further deductions

Capital Allowances on Plant & Machinery
  • Meaning of plant and machinery
  • s.19 and s.19A
  • Industrial building allowances

Losses and Capital Allowances
  • Carry forward of unutilised losses and capital allowances
  • Carry back of unutilised losses and capital allowances
  • Group relief

Withholding Tax

Double Taxation Relief

Pro Forma Tax Computation

Basic Tax Planning

About the Presenter(s)/ Trainer(s)

Mr Lim Lian Soon
FCA (Singapore), FCPA (Aust), FCCA (UK), ATA, MSID

Mr Lim Lian Soon is a member of the Institute of Singapore Chartered Accountants (ISCA), Fellow of the Association of Chartered Certified Accountants (ACCA) since 1985 and a Fellow of Certified Public Accountants of Australia since 2004. He is also a Member of the Singapore Institute of Directors (SID) and the Singapore Institute Accredited Tax Professionals (SIATP).

Mr Lim is a Director of CA TrustTaxation Pte Ltd and Senior Consultant of CA Trust PAC. He was the CEO of a Singapore listed company for 3 years. He was also running a public accounting practice for more than 10 years. Mr Lim is is also involved in the areas of corporate recovery and insolvency.

Mr Lim is very active in academia. He has been regularly giving lectures and seminars in areas of audit, finance and taxation since 1975 at various educational organisations, including ISCA and SAICSA and in-house training for various government agencies, statutory boards and private entities.  On the community service front, Mr Lim had served in various committees in ISCA, ACCA, ITE, etc.  He had also served as a Chief Examiner for a professional body and is currently on the Academic Board of the Singapore Accountancy Academy. 

In addition, he has been appointed workshop facilitator and technical reviewer for the Singapore QP.

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