Upcoming Seminars and Conferences

UPCOMING EVENTS

Understanding How Annual Values are assessed for Property Tax

4 July 2019 | 9:00 to 17:00 | Revenue House Aspiration Room

Registration Form

The Annual Values of all properties are assessed by the Chief Assessor for property tax purposes. This 1-day workshop allows the participants to learn from the former Chief Assessor how Annual Values are assessed for the different types of properties. By the end of the workshop, the participants should be able to:

A) Know what “properties” are assessable for property tax

B) Explain the various ‘definitions’ of Annual Value

C) Understand the basis and principles of assessing Annual Value

D) Learn about the methods of assessing Annual Value, which include the Rental Comparison Method, Contractor’s Test Method, Profits Method, and the statutory and prescribed methods; and how they are applied to the different types of properties

E) Have a better appreciation of the challenges in valuing complex properties

About the Speaker:

Ms Ang Sock Tiang has more than 35 years of work experience on statutory valuation and property tax administration. During the period that she was appointed Chief Assessor and Chief Valuer between 2003 and 2014, she oversaw and was involved in many landmark property tax appeal cases and high signature valuation assignments which include the sites for the Integrated Resorts and the MRA land exchange between Singapore and Malaysia. Her unique exposure to various valuation challenges allowed her to build on her valuation skills and expertise. Following her retirement from IRAS in 2018, she has been appointed an adjunct Associate Professor by NUS and is currently teaching courses on real estate valuation and real estate taxation in both NUS and SMU.

Who Should Attend: Finance and Valuation professionals, Tax professionals and Business owners, Legal professionals

Seminar fees: $160.50 (incl. GST)

Closing date: 27 June 19. Seats on a first-come-first-served basis, upon full payment.

FasTax Series: Fundamentals of GST Filing [FULLY SUBSCRIBED]

17 June 2019 | 9:00 to 17:00 | Revenue House Aspiration Room

Registration Form

Join us in this workshop to gain tips and knowledge in the following areas:

A) Fundamentals of GST rules

B) Main tax obligations of a company and a tax agent

C) Practical tips for preparation of GST returns

D) Common filing mistakes that could be avoided

E) Risks and recovery actions taken for non-compliance

Opportunity not to be missed! IRAS’ Senior Tax Officers will be on hand to clarify any GST issues you may have encountered.

Programme Outline:

GST Compliance and You
Responsibilities of a GST-Registered Person
Key Concepts and Common GST Errors
Import & Export International Services
Reimbursement vs Disbursement
Fringe Benefits
Panel Discussion

Who should attend: GST tax practitioners, including tax, finance, accounting and legal professionals

Closing date: 12 June 19. Seats on a first-come-first-served basis.

Seminar fees: $160.50 (incl. GST). Includes 2 tea breaks and 1 lunch

Understanding How Annual Values are assessed for Property Tax [FULLY SUBSCRIBED]

11 June 2019 | 9:00 to 17:00 | Revenue House Aspiration Room

Registration Form

The Annual Values of all properties are assessed by the Chief Assessor for property tax purposes. This 1-day workshop allows the participants to learn from the former Chief Assessor how Annual Values are assessed for the different types of properties. By the end of the workshop, the participants should be able to:

A) Know what “properties” are assessable for property tax

B) Explain the various ‘definitions’ of Annual Value

C) Understand the basis and principles of assessing Annual Value

D) Learn about the methods of assessing Annual Value, which include the Rental Comparison Method, Contractor’s Test Method, Profits Method, and the statutory and prescribed methods; and how they are applied to the different types of properties

E) Have a better appreciation of the challenges in valuing complex properties

About the Speaker:

Ms Ang Sock Tiang has more than 35 years of work experience on statutory valuation and property tax administration. During the period that she was appointed Chief Assessor and Chief Valuer between 2003 and 2014, she oversaw and was involved in many landmark property tax appeal cases and high signature valuation assignments which include the sites for the Integrated Resorts and the MRA land exchange between Singapore and Malaysia. Her unique exposure to various valuation challenges allowed her to build on her valuation skills and expertise. Following her retirement from IRAS in 2018, she has been appointed an adjunct Associate Professor by NUS and is currently teaching courses on real estate valuation and real estate taxation in both NUS and SMU.

Who Should Attend: Finance and Valuation professionals, Tax professionals and Business owners, Legal professionals

Seminar fees: $160.50 (incl. GST)

Closing date: 31 May 19. Seats on a first-come-first-served basis, upon full payment.

TaxEdge Series: Current International Tax Developments [FULLY SUBSCRIBED]

30 May 2019 | 18:30 to 20:30 | Revenue House Aspiration Room

Registration Form

This 2-hour workshop will feature Prof Kees van Raad and Mr Siddharth Parekh, from International Tax Center Leiden. The speakers will provide participants with an overview of the latest developments in international tax. Discussion topics include:

A. The Belt & Road Initiative – Tax Administration Cooperation Forum

B. OECD February 2019 proposals regarding the Tax Challenges of the Digitalization of the Economy

C. Beneficial Ownership – new developments

D. Multilateral Instrument (MLI) update

About the Speakers:

Kees van Raad, Chairman, International Tax Center Leiden

Kees van Raad is Professor of International Tax Law at the University of Leiden (The Netherlands), Chairman of the International Tax Center Leiden and Director of its Adv LLM Program in International Tax Law. He is of counsel to Loyens & Loeff, a Netherlands-based internationally active (tax) law firm. He has published comprehensively on issues of international tax law, and in particular on tax treaties. He has lectured in more than 30 countries, has held visiting professorships at many universities abroad and is a frequent speaker at foreign conferences, congresses and seminars.

Siddharth Parekh, Teaching Associate, International Tax Center Leiden

Siddharth is a partner at Sunil G Parekh & Co, Chartered Accountants, a Mumbai based tax and accounting firm and focuses on advising clients on international tax and transfer pricing issues. He has previously worked in the international tax team of EY in their London and Mumbai offices. A chartered accountant from the Institute of Chartered Accountants of India, he obtained his Adv LLM in International Tax Law from Leiden University, where he worked as a teaching assistant and continues to lecture on international tax law.

Who Should Attend: Tax practitioners, Business Owners, Finance or Accounting and Legal professionals

Seminar fees: $85.60 (incl. GST)

Closing date: 23 May 19. Seats on a first-come-first-served basis, upon full payment.

FasTax Series: Fundamentals of Withholding Tax [FULLY SUBSCRIBED]

16 May 2019 | 9:00 to 12:00 | Revenue House Aspiration Room

In light of the rapidly growing volume of cross border business transactions, managing withholding tax obligations becomes all the more important. Businesses are encouraged to gain a good understanding on the basics of withholding tax in Singapore as non-compliance with withholding tax requirements may result in hefty penalties of up to 20%.

The Tax Academy of Singapore is pleased to invite you to attend this half-day seminar on the Fundamentals of Withholding Tax. Speakers from IRAS will share with you on the fundamental concepts of withholding tax, explain the types of payments that attract withholding tax and provide some examples to illustrate the computation of withholding tax. This seminar will also cover on the various aspects of withholding tax filing and payment obligations.

Programme Outline:

Scope of tax
What is withholding tax
Payments subject to withholding tax
Details of payments under Sections 12(6) and 12(7)
Withholding tax rates
Computation of withholding tax
When to file and pay
Date of payment and deemed payment
Penalties for late payment and recovery
e-Services at myTax Portal

Who Should Attend: Tax practitioners, Business Owners, Finance or Accounting and Legal professionals

Seminar fees: $107 (incl. GST)

Closing date: 9 May 19. Seats on a first-come-first-served basis, upon full payment.

Registration Closed.

FasTax Series: Fundamentals of Withholding Tax – Implications of Tax Treaties [FULLY SUBSCRIBED]

22 May 2019 | 14:00 to 17:00 | Revenue House Aspiration Room

As a highly market-oriented and open economy, Singapore has established an extensive network of double tax agreements (DTA) with her trading partners to promote international trade and investment by improving transparency of information and certainty of tax positions. This workshop will be facilitated by speakers from Deloitte - Mr Tom Toryanik (Tax Director), and Mr Chua Kong Ping (Tax Senior Manager). The speakers will share with you practical approaches to help businesses understand the application of tax treaties to common cross-border payments through various worked examples and case studies.

Programme Outline:

Fundamentals of treaty interpretation
Introduction to common DTA provisions
Impact of measures to prevent granting of treaty benefits in inappropriate circumstances
Worked examples, case studies and Q&A

Who Should Attend: Tax practitioners, Business Owners, Finance or Accounting and Legal professionals

Seminar fees: $107 (incl. GST)

Closing date: 15 May 19. Seats on a first-come-first-served basis, upon full payment.

Registration Closed.

FasTax Series: GST ASK – A Self-help Tool for GST Compliance [FULLY SUBSCRIBED]

27 May 2019 | 14:00 to 17:00 | Revenue House Courage Room

Do you wish to manage your GST-registered business’ GST risks and avoid common GST errors? Then join us for this half day workshop where Senior Tax Auditors from IRAS will share on the Assisted Self-help Kit (ASK), a self-assessment package for you to manage your GST compliance in an effective manner. The workshop will feature practical examples illustrating the use of ASK to maintain good GST compliance. You can find out how ASK can be used to safeguard your business from making costly GST mistakes.

By adopting ASK, you will enjoy the following benefits:

Understand GST requirements on filing and record-keeping
Review accuracy of GST submissions
Reduce risk of incurring penalties on common errors made by GST-registered businesses
Discover past GST errors early for timely disclosure to IRAS to enjoy zero or reduced penalties under IRAS’ Voluntary Disclosure Programme
Enjoy administrative concessions for common errors disclosed through the course of ASK Annual Review
Fulfil requirement for application or renewal of selected GST schemes

Programme Outline:

Introduction to GST Assisted Self-Help Kit (ASK)
Inculcating Good GST Practices
Performing Quality Checks and Highlights on Common GST Errors
Effective Annual Review

Who Should Attend: Tax practitioners, Business Owners, Finance/Accounting and Legal professionals

Seminar fees: $107 (incl. GST)

Closing date: 21 May 19. Seats on a first-come-first-served basis, upon full payment.

Registration Closed.

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