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Funding for Programmes
Tax Capability Development Fund
IRAS and ICPAS have set up a $1.3 million tax capability development fund for structured tax training.
Tax agents play an important role in facilitating tax compliance and providing valuable inputs for policy formulation. Many *SME tax agent firms may not have sufficient resources to put all their staff through structured training programmes and upgrading their technical competency.
IRAS will offer 50% subsidy of the Executive Tax Programme Levels I and II course fees from 1 January 2009.
From 7 May 2010, to encourage ^in-house tax professionals to upgrade their technical competency, the above subsidy will also be extended to them.
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) |
For SME tax agents who are ICPAS members, they will enjoy an additional 15% subsidy from ICPAS, bringing it to a total of 65% subsidy.
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 |
For definition of ATP and ATP (Provisional), please refer to the SIATP website at www.siatp.org.sg
Eligibility Criteria, Terms & Condition
| 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 agent from an SME Tax Agent firm, In-house Tax Professional, Accredited Tax Practitioner (ATP), ATP (Provisional)
; and |
| c) |
The course applicant will only claim subsidy 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.
WDA Subsidies
Participants and employers may also wish to visit the Workforce Development Agency website, www.wda.gov.sg, for subsidies, subject to their terms and conditions.
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