Programme Outline

Upon completion of this course, participants will be able to:

Goods and Services Tax (GST) Part 1 & Part 2

• - Explain the requirements for GST registration and the administration of GST.
• - Describe the scope of GST, including out-of-scope transactions such as third-country sales and Transfers of Going Concern (TOGC).
• - Identify and explain the different types of supplies: standard-rated, zero-rated, and exempt.
• - Understand the GST implications of imports and exports.

Individual Income Tax

• - Define the scope of individual income tax for residents and non-residents.
• - Identify various types of income, liabilities, and personal reliefs.
• - Compute individual income tax liabilities, incorporating applicable reliefs.
• - Illustrate tax computations for both resident and non-resident individuals deriving Singapore-sourced income.

Corporate Tax Part 1

• - Understand the concept of taxable income from business activities.
• - Recognise the tax treatment of trade, business, and other income sources.
• - Distinguish between income receipts and capital gains.

Corporate Tax Part 2

• - Identify allowable and non-allowable deductions under Sections 14 and 15 of the Singapore Income Tax Act (SITA).
• - Understand special and double deductions, including pre-commencement expenses.
• - Determine capital allowance claims under Sections 19 and 19A of the SITA.

Unutilised Capital Allowances and Trading Losses

• - Define unutilised capital allowances.
• - Explain the conditions for utilising unutilised capital allowances to reduce taxable profits.
• - Understand group relief provisions.
• - Demonstrate the set-off process for current and prior years’ trading losses.

Target Audience

This course is suitable for:

• - Singapore CA Qualification (SCAQ) candidates who are taking the Singapore Taxation (TXF) exams
• - Individuals seeking foundational knowledge in Singapore taxation.