The Profession’s Voice
SIATP (now referred to as SCTP) acts as the bridge in forging close relations between the public sector and the profession. Through its various technical committees, SCTP represents the profession in engaging with the authorities on tax administration, practices and applications of tax laws, to promote tax policies and rules that are sustainable, of substance and pro-business.
By highlighting practical insights and perspectives from the field as well as providing inputs on emerging developments, these committees support SCTP’s role as the voice of the profession.
Through these two-way engagements, accredited tax professionals are not only updated on national tax developments but also on the underlying rationale and considerations behind various policies and tax laws. Such insights equip SCTP members with greater confidence in their advisory to clients and/ or management.
SCTP’s Technical Committees comprises the:
SCTP is also involved in various discussion groups set up by the tax authorities. Such involvements enable SCTP to highlight and offer perspectives from accredited tax professionals to the authorities on specific tax areas.
- FRS Joint Working Group
The IRAS' FRS Joint Working Group explores possible tax implications arising from changes in the specific Financial Reporting Standards. Accredited Tax Advisor (Income Tax) Mr Daniel Ho, Tax Principal, Deloitte & Touche LLP, represents SCTP in this Group.
- Transfer Pricing Roundtable
Discussing and gathering feedback on Singapore’s transfer pricing regime and exploring possibilities to facilitate businesses in managing their transfer pricing matters, this roundtable includes SCTP’s representative Accredited Tax Advisor (Income Tax & GST) Mr Albert Ng, Head of Tax, Foo Kon Tan LLP.
- IRAS' Youth Network
Connecting with tertiary students and young working adults who graduated within the last five years, this youth network is supported by SCTP. It engages the youth on a wide range of tax-related issues including tax policies, tax administration, public education on the importance of taxes as well as initiatives to attract students into the tax profession.