Partners registered with the Accounting and Corporate Regulatory Authority (ACRA) are self-employed; hence they must report the income earned from their business operations as business income, not salary. However, while a partnership (not partner) does not pay tax, it still must file an annual income tax return (called the Form P) to show all income earned and business expenses deducted by the partnership during the year. This session deals with the income tax substantive and procedural requirements for partnerships. A detailed discussion of individual partners is beyond the scope of this publication.
This session is a mix of practical experience and academic knowledge.
Mr Kevin Matthaios LeeAdvisory Consultant
JPL Wong Tax Services Pte Ltd
Accredited Tax Practitioner (Income Tax)
Kevin, a business finance professional, is also a Subject-Matter Expert (SME) in the tax practise of a mid-tier professional services firm, while simultaneously holding a position as a trainer/facilitator where he shares his insights on the global issue in FRS, political science and economics and international business law. He has been a speaker at various seminars, and network (exclusive) events, inter alia, Wolters Kluwer (CCH), ISCA, CIMA and ACCA.