Taxation

This module introduces students to 2 principal taxes in Singapore – Income tax and the Goods & Services Tax (GST). In particular, Singapore tax system includes the legislative framework for taxation, income tax administration, basic tax concepts including concept of taxable income and tax deductions and capital allowances, taxation of companies, individuals, partnerships, non-residents, foreign income, tax planning incentives and goods & services tax. Students will also be able to gain insights into the roles and responsibilities of working in the tax industry. Topics covered in the module include preparation of  tax computations, identifying tax planning opportunities and apply them to the real world circumstances.

Pre-requisite: ACC2007 Corporate Accounting.