Identify your corporate tax position

Discover about your corporate financial and tax position.

Facilitated by BIZ IQ ACADEMY

No schedules on the calendar

Who is it for

Learning level

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11 Eunos Road 8, Lifelong Learning Institue, Singapore 408601

Description

Value changes in going global with our business models evolve and market forces are driving companies to re-evaluate how to manage their business operation more efficiently and effectively.
Prepare ourselves up to date with the pace of digital technology in tax aspects.
Distinguish the deductible and non deductible expenses in our business models.
Understand how the corporate tax system and gain insight knowledge of tax computation and chargeable income.
Prepare for the challenges in calculating the capital allowances for the qualifying assets.
Calculate the maximum capital allowances to reduce the tax liability for your company.

Key Learnings

  • Understand the corporate tax system.

  • Distinguish the nature of expense into deductible and non deductible expenses.

  • Manage your business efficiently to reduce your taxable profits.

  • Calculate the maximum capital allowances to reduce your tax liability.

  • Compute the tax computation and the chargeable income.

Pre-requisites

Interest in learning how to manage their corporate tax.

Format

Methodology

Learning stakeholder

Pre-learning

Simple knowledge of accounting and tax concepts and terminology.

Post-learning

Manage to interpret and understand the corporate tax system and minimize their tax liability.

Tags

Topics and agenda

  • 1. Discover the deductible and non deductible expenses.

    Workshop | 30 Minutes

    Differentiate the various types of expenses Distinguish the nature of expenses into deductible and non deductible expenses. Discus on the basic tax terminology on the impact of these expenses.

    Discover the impact of deductible and non deductible expenses on the corporate tax position and how it can minimize your corporate tax liability.


  • 2. Calculate the maximum capital allowances in your tax computation.

    Workshop | 30 Minutes

    Explain what is a qualifying assets and how to calculate the capital allowances from your qualifying assets, so as to reduce the tax liability for your company.

    Calculate the maximum capital allowances and compute the tax computation to derive its chargeable income.



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