28 April 2017 (Fri)
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TAXATION OF EMPLOYMENT INCOME AND BENEFITS
Preparing for Employee Income Tax Processing & Submission – Knowing what is taxable, what is not and Your Reporting Obligations both as an Employer and an Employee
 
 
Registration
 
  Date   28 April 2017 (Fri)
       
  Venue   100 Orchard Road,
Concorde Hotel Singapore
       
  Time   9.00am to 5.00pm
       
  Fees  

S$700 | S$420 After PIC Grant of 40%
Inclusive of 2 coffee breaks, light refreshments and buffet lunch

 
 
 
Download Registration Form
 
Contact Amelia Lim at (65) 6720 3333 or email: amelia@aventisglobal.edu.sg
 
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Don’t Get Caught – Must Know. Types of income and benefits which are commonly Omitted and Underestimated

Generally, all gains and profits derived by an employee in respect of his employment are taxable, unless they are specifically exempt from income tax or are covered by an existing administrative concession. Thus before making any decision, we have to consider the different types of employee benefits as part of an employee’s compensation package. It is important to know how these benefits are taxed.

Some types of employee benefits are taxable to the employee, which decreases the incentive to offer the benefit as opposed to a slightly higher salary. Other employee benefits are not tax deductible for the business, which increases the cost of the benefit to the company.

 
How to Report Extra-ordinary payments and Know the Severe Penalties for non-disclosures

The 1 Day workshop is helpful for both employee and employers. Objective is to help you understand the Singapore income tax rules relating to the taxation of employment income and also equip them with the knowledge of the different benefits package for their employees.

 
Valuable Insights from the Inside View
 

Learn from former IRA Senior Officer, Mr Nelson Tan of your obligation, understand the common pitfalls that you must avoid and how you can file correctly report without overpaying your tax obligation.

 
Potential Pitfalls and How to Avoid Them
 

1. Basis of Taxation

2. Tax residency

  • Qualitative and Quantitative test
  • Administrative concession
  • Exemption
  • Tax rates and reliefs

3. Taxation of employment income

  • Salary
  • Bonus
  • Cash allowance
  • Relocation allowance
  • Benefits-in-kind (substantial time will be focused on this)
  • Employer’s contribution to overseas pension plan/provident funds
  • Excess/Voluntary CPF contribution
  • Stock options and shares
  • “Deemed exercise” gains on stock options and shares
  • Retrenchment/Lump sum payments

4. Employer's & employee's obligation

5. Special Schemes

  • Not Ordinarily Resident Scheme
  • Area Representative Scheme

6. IRAS enforcement actions

7. Penalties for negligence and evasion

 
Who Should Attend

This workshop is highly recommended for HR Personnel, Business Owners, Payroll/Accounts Executives, People Managers and anyone interested or has responsibilities in the area of Taxation, Compensation & Benefits.

Expatriates and Professionals on Executive package in Singapore seeking PR status in future will also benefit from this workshop

 
Expert Facilitator: Former Senior Tax Officer of Inland Revenue Tax Authority of Singapore, MR Nelson Tan

Nelson Tan is an Accredited Tax Advisor (Income Tax) & Practitioner (GST) with Singapore Institute of Accredited Tax Professionals (SIATP), the accreditation body for Singapore tax professionals. He has valuable practical experience handling complex tax compliance and advisory issues especially tax investigation and audit issues during his 14 years of service with Inland Revenue Authority of Singapore (IRAS) and Big Four Accounting Firms.

Nelson founded A Tax Advisor Pte Ltd in January 2014, and is also an Associate Lecturer with SIM University and frequently conducts seminars and customized workshops to share his knowledge and experience.

 
Limited Seats Only! Don't miss it!
 

Enrolment is limited. To register, please kindly DOWNLOAD REGISTRATION FORM and email/fax to Ms Amelia Lim at amelia@aventisglobal.edu.sg | +65 6720 2222

 
Date 28 April 2017 (Fri)
Venue 100 Orchard Road, Concorde Hotel Singapore
Time 9am to 5pm
Fee S$700 | S$420 After PIC Grant of 40%
Inclusive of 2 coffee breaks, light refreshments and buffet lunch
Contact Person

Ms Amelia Lim | +65 6720 3333

 
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