This course by ACCA aims to equip participants with a good understanding of the legal and practical aspects of (i) tax avoidance, (ii) tax evasion, and (iii) tax planning in Singapore. Particular focus and emphasis will be placed on tax avoidance and its latest legal developments, including recent case law.
Where applicable, practical examples, illustrations and case studies (including recent court cases) will be used to enable participants to relate and apply to real life tax situations.
Through this 1-day course, the participants will:
- Understand the key differences between tax planning, tax avoidance and tax evasion
- Learn practical tax planning strategies to mitigate tax
- Acquire knowledge on the legal principles of tax avoidance
- Be updated with the recent legal amendments / developments on tax avoidance
- Appreciate the risks and penalties involved in tax evasion
A Highlight of Key Areas:
Key differences between tax planning, tax avoidance and tax evasion
Tax Planning – Practical strategies including:
- Synopsis
- Prerequisites
- Income planning
- International tax arrangements
- Corporate reorganisation and restructuring
- Overseas business ventures and income
Tax Avoidance – Law and Practice
- General anti-avoidance provision (Section 33) and its recent amendments
- Guiding principles
- Developments after Comptroller of Income Tax v AQQ
- Recent landmark case of Wee Teng Yau v CIT
Tax Evasion – Law and Practice
- Legal provisions
- Penalties
- Real life cases