Key Taxability Issues on Corporate Tax and GST for Small Business Owners

ACC_TAX023i

English

Course Description

Synopsis:

This e-learning module is designed to equip small business owners with essential knowledge and understanding of key taxability issues that impact their businesses. Focusing on corporate tax and Goods and Services Tax (GST), this module aims to provide an overview, practical insights, and actionable solutions to ensure compliance and assist with making the correct tax-related decisions.

The session will cover: -

Corporate Tax

  1. Overview of corporate income taxation
  2. Key corporate tax issues for small business owners
  3. Key corporate tax developments i.e. section 10L of the Income Tax Act
  4. An illustration of tax avoidance and its legal consequences in the medical industry
  5. Income tax and withholding tax penalties
  6. Voluntary Disclosure Programme

GST

  1. Overview of GST
  2. Key GST issues for small business owners
  3. GST compliance and operational considerations 

 

Intended For:

  • Audit Professionals / PAIP 
  • Finance Professionals  / PAIB
  • Business Owners

Professionals handling corporate tax and GST matters and business owners who wish to find out more about taxability issues for their businesses in Singapore will also find the e-learning content relevant.

 

Competency Mapping: 

  • CPE Category "Others" = 1.0 CPE Hour
Instructor Image

Yvonne Chua

Yvonne leads the GST practice at Baker Tilly Singapore. With over 25 years of GST specialist experience, Yvonne started her career with IRAS before joining a Big 4 international accounting firm for over nine years where she served global and multinational companies. Prior to joining Baker Tilly, she was also responsible for co-setting up a dedicated GST practice in one of the largest mid-tier accounting firms. Yvonne supports clients with a full suite of GST advisory and compliance services, which include reviews under the Assisted Self Help Kit (ASK) and Assisted Compliance Assurance Programme (ACAP). Yvonne advises clients on GST implications arising from business restructuring, merger and acquisitions, and cross border transactions and to seek clarifications or rulings with the IRAS where needed. She also has extensive experience with supporting clients on dispute analysis and resolution matters arising from tax investigation and audit cases conducted by the IRAS. Yvonne is an Accredited Tax Advisor (GST) and is a member of the GST Committee with the Singapore Chartered Tax Professionals (SCTP). 
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Instructor Image

Bernard Yu

Bernard is a tax partner at Baker Tilly Singapore with over 20 years of tax experience. He was with two Big 4 international accounting firms prior to joining Baker Tilly Singapore in 2022. His experience ranges from tax compliance to tax advisory with extensive experience in the merger and acquisition tax space ranging from tax due diligence to pre- and post-deal tax structuring across various jurisdictions and industries.
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Course Rating

4

Speaker's Rating

4

1 CPE Hour

Lesson(s)

5

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