TBF3191

Singapore income taxation

Mr Wayne Gumley

6 points
* 3 hours per week
* Caulfield
* Prerequisites: TBX1151 and ACC2491 for accounting and TBX1010 and ACC2631 for banking and finance.

Objectives On successful completion of this subject students should be able to understand the basic concepts underlying the Singapore income tax legislation; demonstrate competence in applying those basic concepts to a range of typical business and personal transactions.

Synopsis This subject provides students with an understanding of the principles and practice of Singapore income taxation through examination of the Income Tax Act (Singapore), relevant international double tax agreements and applicable judicial decisions. The syllabus covers basic principles such as residence, source and the income concept as well as important specific issues such as the treatment of taxable entities and the various tax concessions provided as an incentive to business and investment in Singapore.

Assessment Assignment (2000 words): 30%
* Examination (3 hours open book): 70%

Prescribed texts

Singapore master tax guide latest edn
Income Tax Act (Singapore)