IRAS and ICPAS jointly set up a $1.3 million tax capability development fund for structured tax training. IRAS offers 50% subsidy on selected programmes and qualifying participants and ICPAS provides another 15% for its members attending the selected programmes.
Tax professionals play an important role in facilitating tax compliance and providing valuable inputs for policy formulation. As many smaller tax agent firms may not have sufficient resources to train their staff in a systematic and structured manner, IRAS is offering 50% subsidy on the Executive Tax Programme Level I and II course fees for participants from small tax firms*. Futher, to enhance tax compliance among businesses, in-house-tax professionals are also encouraged to upgrade their technical competency. Hence, IRAS's 50% subsidy is also available to them.
(If you are applying for the IRAS subsidy (applicable for SME Tax Agents/in-house tax professionals),
please completet
he declaration form Annex 1 or Annex 2.)
Subsidies are applicable to the following courses:
| (i) |
Executive Tax Programme Level I (Income Tax – Individual) |
| (ii) |
Executive Tax Programme Level I (Goods & Services Tax) |
| (iii) |
Executive Tax Programme Level II (Income Tax - Business & Corporate) |
| (iv) |
Executive Tax Programme Level II (Goods & Services Tax) |
IRAS will also provide 50% subsidy on the Executive Tax Programme Level III
(Advanced Tax Programme) to,
| (i) |
Accredited Tax Practitioners (ATP) admitted by the Singapore Institute of Accredited Tax Professionals (SIATP) |
| (ii) |
Accredited Tax Practitioners (Provisional) admitted by the SIATP |
To understand who may be consider as ATP and ATP (Provisional), please refer to the SIATP website at www.siatp.org.sg
All ICPAS members will enjoy 15% subsidy from ICPAS on the Executive Tax Programme Levels I, II & III course fees. ICPAS members who qualify for the IRAS subsidy will receive a total of 65% subsidy.
| a) |
The course applicant will need to fulfill at least 75% attendance rate and sit for the examination; |
| b) |
The course applicant is a tax professional lfrom an SME Tax Agent firm, In-house Tax Professional, Accredited Tax Practitioner (ATP) or ATP (Provisional); and |
| c) |
The course applicant will claim subsidy only once for each course. |
* Definition of SME tax agent firm: A sole-proprietorship, partnership, or company that provides tax representation, advisory or filing services for a fee and employs less than 50 staff in the tax department;
^ Definition of in-house tax professional: A sole-proprietor, a partner or an employee who performs
tax work and prepares or aids in preparing the Tax Return relating to the business that he/she owns
or represents.The Institute of Certified Public Accountants of Singapore has partnered Tax Academy to launch the Singapore Institute of Accredited Tax Professionals (SIATP). Tax Academy’s Executive Tax Programme courses are recognised towards this accreditation.
For more information on how you can be accredited, please visit the SIATP website at www.siatp.org.sg
