An event not to be missed ! From 29 Feb to 2 March, Tax Executives Institute and Tax Academy will host a 3-day conference on U.S. tax. This event provides a unique opportunity for our tax community to interact directly with top experts in U.S. taxation from the tax, legal and accounting profession. The objective of this conference aims to provide participants with an appreciation on the key features of the U.S. taxation system and its recent developments. Featured topics include:

• The common pitfalls facing US MNCs with operations in Asia
• IP Migration/Supply Chain Structuring within Asian Jurisdictions
• Transfer pricing
• TP principles and issues, cost sharing and services regulations, APA across Asia
• US tax legislative update;
• FATCA and financial reporting updates
• Flow through entities
• US outbound
• Controlled foreign corporations, Subpart F, E&P, PFIC, and FTC
• Sourcing rules, Section 367 transfers, Section 1248 dividend, Section 304

Closing date for registration - 24 February 2012. Register Now ! Seats are limited !

For overseas participants, please make guestroom reservations with Marriott Hotel before 6 February.

From the Year of Assessment 2012, eligible companies with annual turnover of $1 million and below will be able to file their income tax return using a simplified tax form that comprises only three pages (from the usual seven) and can be filed either in hard copy or electronically.

The Inland Revenue Authority of Singapore, together with the Singapore Institute of Accredited Tax Professionals and Tax Academy of Singapore, has organised a seminar to provide a preview of the simplified tax return. The seminar is designed to help tax agents and tax intermediaries understand and prepare for a more efficient tax filing regime.

To help businesses understand the importance of getting GST right and to equip their staff with practical knowledge on preparation of GST returns, the Tax Academy of Singapore is pleased to present a 1-day workshop "FasTax Series: Getting GST Right" on 6 January 2012. Participants will hear from the speakers responsibilities of being GST registered, the risks and recovery actions to take if they do not get them right and how these could have been easily prevented.

Participants can also take this opportunity to clarify with the authority on GST issues encountered during the course of their work. The programme will feature a sharing on GST case stories by KPMG, followed by a practical segment conducted by IRAS.

Do you know how and what to do if you wish to pursue MAP/APA to resolve cross-border transfer pricing issues? And what should you do to ensure that this process is as efficient as possible ? Discover the answers at this 2-hour seminar helmed by the UK Competent Authorities and Inland Revenue Authority of Singapore.

The seminar will present Ms. Maura Parsons and Mr. Ian Wood from the HMRC, and Ms. Chai Sui Fun from the Inland Revenue Authority of Singapore. The speakers will update you on MAP/APA programme and processes in UK, the requirements, the CA’s experience in handling MAP/APA cases, what are the pointers you should take note if you wish to pursue such programme.

This is a complimentary seminar.

A rare opportunity not to be missed ! Hear first-hand from one of Singapore's leading tax lawyers, Mr Gurbachan Singh (Managing Partner, Khattarwong) - also known as 'Guru' to many, will share on his personal thoughts and observations in his 35 years journey as a tax lawyer. Participants can look forward to an insightful session, not only benefiting from Guru's expert guidance on scaling new heights in the tax arena, but also opportunities that you could leverage on for success.

Closing date for registration has been extended to 28 November 2011.

The Institute for Austrian and International Tax Law at WU (Vienna University of Economics and Business), and the Tax Academy of Singapore are pleased to present a 3-day seminar on Tax Treaties, European Tax Law and Transfer Pricing. The seminar is specially designed to enhance participants’ competence in tax treaty law (with specific focus on recent court decisions in various countries), provide participants with an appreciation of European direct tax law, and advanced level instruction on tax planning and transfer pricing issues in multinational companies. Case studies and practical examples are also incorporated to stimulate discussion and interaction among participants. The seminar will be led by an expert team from the Institute for Austrian and International Tax Law:Professor Dr. Dr.h.c. Michael Lang, Professor Dr. Pasquale Pistone and Professor Dr. Alfred Storck.

Closing date for registration has been extended to 28 October 2011.

The focus of this 1-day workshop is to help tax agents and in-house tax professionals understand the basics of corporate taxation and offer practical assistance in the preparation of tax computations and the completion of Income Tax Return Form C. Participants will hear from our speakers the basic corporate tax rules, the tax obligations of a company and a tax agent, and the common filing mistakes that could be avoided. The risks and recovery actions taken for non-compliance will also be highlighted. Participants can also take this opportunity to clarify with the speakers on corporate tax issues encountered during the course of their work. There will be practice exercises on preparation of tax computations.

Many tax authorities have recently increased enforcement on tax compliance and reporting. Managing tax compliance and reporting is therefore an important part of overall tax risk management by businesses.

The Tax Academy of Singapore and Singapore Institute of Accredited Tax Professionals are pleased to present this seminar on Managing Tax Compliance, where speakers from the Inland Revenue Authority of Singapore will provide you with an overview of IRAS’ tax compliance framework for corporations and the transfer pricing consultation programme. The speakers will also help you avoid pitfalls by highlighting key areas to look out for when conducting a compliance review.

Tax Academy will be presenting the workshop FasTax Series: Getting GST Right on 4 August 2009. The focus of this 1-day workshop is to help businesses understand the importance of getting GST right and offer practical assistance to its staff in the preparation of GST returns.

Participants will hear from our speakers the responsibilities of being GST registered, the risks and recovery actions taken if they do not get them right and how these could have been easily prevented. Participants can also take this opportunity to clarify with the authority on GST issues encountered during the course of their work.

The complexities relating to global transfer pricing continue to increase amidst new policies and legislations, new OECD guidelines and stepped-up transfer pricing audits by tax authorities around the world. This evolving landscape presents increased challenges to businesses which need to keep up with the pulse of change and constantly adapt their business strategies.

The Tax Academy of Singapore invites you to this unique conference featuring a strong team of tax experts and OECD speakers who will provide you with insights into international and regional developments in transfer pricing and permanent establishments.

Much interest has been generated since the launch of "The Law & Practice of Singapore Tax" book on 23 June by President S.R Nathan. Following this successful launch, the Tax Academy will be jointly organising a complimentary event with SIATP, on 12 July.

One of the distinguished authors, Mr Darren Koh, will be sharing more with you on this book. We would like to invite you to join us at this event, where you will also be able to own your very own copy of the book!

Seats are limited! Registration closes 7 July 2011.

The editors have structured this book to encompass a wide spectrum of topics on taxation in Singapore which would be relevant to all segments of the tax community. They range from the more general ones such as the framework of interpretation in tax, capital allowances, and the capital and revenue divide with respect to receipts and expenditures, to specialised or industry-specific ones such as unit trusts, banking operations and withholding tax and taxation of non-residents. The authors have drawn upon their rich experience in their area of expertise to pen the clearly written chapters. The materials in the book should appeal to aspiring tax specialists seeking to tap the knowledge of the experts in this field. Tax practitioners who wish to pursue excellence in the profession would also find this book useful.

The Tax Academy of Singapore and Law Society of Singapore are pleased to present Mr Yeoh Lian Chuan of Allen & Overy LLP Singapore to share with you on the latest developments in tax avoidance case laws globally.

The Tax Academy of Singapore and Japanese Chamber of Commerce & Industry (Singapore) are pleased to present Mr Norimasa Jochi from National Tax Agency, Japan and Ms Chai Sui Fun from the Inland Revenue Authority of Singapore. The speakers will update you on the latest transfer pricing developments in Japan as well as share their experiences on the APA/MAP and Competent Authority processes between the two countries

Launched on 1 April 2010, the GST Assisted Self-Help Kit (ASK) is a self assessment package designed specially by the Inland Revenue Authority of Singapore (IRAS) for GST registered businesses to manage GST risks in an effective manner. The Tax Academy of Singapore and Singapore Institute of Accredited Tax Professionals are pleased to present this workshop on GST Risks Management Starts With ASK. Please launch the brochure for more details.

The Tax Academy of Singapore is pleased to present this seminar on “European Tax Updates”. The seminar will be led by Mr Helmar J. Klink, Partner, International Tax Services (Ernst & Young Tax Advisers LLP) and Mr Nico Derksen, Executive Director, International Tax Services (Ernst & Young Solutions LLP). In this seminar, Helmar and Nico will share with you on the latest developments in European tax regulation and legislation, and their implications on businesses investing in Europe. The speakers will also examine how European tax systems relate to investments in Asia, by sharing with you specific features of European tax systems (and legal systems) that can be useful for investing into Asia.

The focus of this 1-day workshop is to help tax agents understand the basics of corporate taxation and offer practical assistance in the preparation of tax computations and the completion of Income Tax Return Form C. Participants will hear from our speakers the basic corporate tax rules, tax obligations of a company and a tax agent, real-life case stories, and the common filing mistakes that could be avoided. The risks and recovery actions taken for non-compliance will also be highlighted. Participants can also take this opportunity to clarify with the speakers on corporate tax issues encountered during the course of their work. There will be practice exercises on preparation of tax computations.

This workshop is designed for: Business Owners, Accountants, Tax Auditors, Managers

The Tax Academy Budget Seminar will be held on 5 April 2011 at the NTUC Business Centre Auditorium. Come join us at the seminar to find out about the latest budget measures and its implications on individuals and businesses. Do not miss out on the chance to seek clarifications on the tax changes from our budget panel.