Description
Book SynopsisTax Planning Singapore: A Practical Guide is of particular relevance to students of accountancy and to individual and corporate taxpayers. Clearly and concisely written, it explains the broad principles of tax planning and how to structure tax returns to reap the maximum concessions granted by the tax authorities. Now into its sixth edition, this book has been substantially revamped and many chapters re-written while Covid-19 pandemic circuit breaker was in force in April 2020 and is the latest in the market, incorporating all the budget announced in February 2021 including four new chapters on Combating Tax Evasion and Avoidance, Prerequisites for Tax Planning, Business and Corporate Framework and Taxation of Foreign Companies Having a Permanent Establishment in Singapore. Subjects covered include: • Tax deductions • Capital allowances • Double taxation agreements • Overseas businesses and income • Tax shelters • Tax havens • Property tax • Goods and services tax Definitely a must-read for anyone needing an overview of Singapore’s tax structure.
Table of Contents1. Introduction 2. Synopsis of tax planning 3. Combating tax evasion and avoidance 4. Prerequisites for tax planning 5. Business and corporate framework 6. Sources of funds for financing businesses 7. Income planning 8. Tax deductions 9. Capital allowances 10. Personal reliefs and allowances 11. Taxation of employment and tax efficient remuneration packaging 12. Corporate reorgnisation and restructuring 13. Double taxation agreements 14. Overseas business ventures and income 15. Taxation of a foreign entity having a permanent establishment in Singapore 16. Tax havens and shelters 17. Shipping 18. Property tax planning 19. Goods and services tax planning
