Singapore Chartered Tax Professionals (SCTP)

𝗙𝗿𝗶𝗱𝗮𝘆 𝗙𝗶𝗲𝘀𝘁𝗮 – 𝗧𝗵𝗲 𝗧𝗮𝘅 𝗞𝗶𝗻𝗱. Thank you Pierre Vanrenterghem and team for a lovely cosy festive makan in RBA Group’s office. Always much to share and catch up on whenever we meet. (Regrets we only remembered about taking photos after all the food was gone! Only desserts remain.) Excited at hearing about the forward trajectory growth plans of members and how the accredited staff are progressing ahead. What lovely stories to receive. SCTP is proud of all our members for all they have achieved this year. Looking forward to supporting the tax profession in 2025! Previously featured in our #TaxRocks series, find out more about Pierre’s unique journey in tax here: https://bit.ly/SCTPpierre3 Pierre Vanrenterghem | Jasmine Low | Bérangère BASSEN | Joanna Wong | Felix Wong | Joseph Tan | Felicia Wong

The news of new. The smiles from smiles. Perhaps it was 2024’s fengshui as some might say or perhaps change was well, same same yet so different. Whatever it was, change was (still is!) in the air in the tax world. Here’s a recap of the 𝗻𝗲𝘄 𝗶𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲𝘀 (planned with much care and effort) specially designed for the tax community with a focus on the accredited (of course!). Follow SCTP on LinkedIn and stay tuned for more new and exciting plans in 2025! Subscribe to the Tax Channel: https://bit.ly/SCTPTaxHub! Links to: Something Hot: https://bit.ly/SCTP-SmtHot  Everything Tax: https://bit.ly/SCTP-EvrTax Bing Fong Paul Lee| Wesley Chua 蔡孟志 | Lancaster Lee 【李宣翰】| Choon N. | Elis Tan | Vimala Devi | Pierre Vanrenterghem | Jeremy O'Neill | Andy Baik | Abad Dahbache | Priscilla Koh | #SINGTAX | Saba Khan | Mini Sethi | Sheryl Chung | Kendrick Choo | Razy Shah | William TAY | Sam Hassan | Angela Bo | Aster Gentils | Tam Quach | Enoch Kevin L. | Jod Gill | Haryati Hamzah | IMDA | Inland Revenue Authority of Singapore (IRAS) | EePing Neo | Audrey Lin | Mary Lee | NetAssist Services Pte Ltd | Axiom IT Solutions Pte Ltd | Pang Ngean Lam | Chartered Institute of Taxation (CIOT) | Wolters Kluwer | Jason De Souza | Edward Elgar Publishing | SMU Tax Society | SUSS Accountancy Interest Group (SAIG) | NTU Tax Advisory Club | MALAYSIAN ASSOCIATION OF TAX ACCOUNTANTS (M.A.T.A) | #KTADA | #TaxRocks #CIOT #Pillar2 #SFFS #SINGTAX #Counto #BEPS #FormC #InvoiceNow #GenAI #Copilot #Grants #TaxTechnology #WoltersKluwer #TaxProfessionals #TaxCommunity #Taxation

Unexpected queries or investigations from IRAS can be daunting. Yes, we know. • How should an unexpected letter of query from IRAS be dealt with? • What do you do when the taxman comes knocking on your door? • Why is it that what you have been doing is not enough to keep IRAS away? Be familiar with the processes, the law and most importantly your rights as a taxpayer! Join in this 𝗦𝗜𝗟𝗘-𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱 𝘄𝗲𝗯𝗶𝗻𝗮𝗿 that ventures into the realm of tax audits. 𝗦𝗖𝗧𝗣 𝗺𝗲𝗺𝗯𝗲𝗿𝘀 𝗲𝗻𝗷𝗼𝘆 𝗖𝗢𝗠𝗣𝗟𝗜𝗠𝗘𝗡𝗧𝗔𝗥𝗬 𝗿𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻! Sign up now: https://bit.ly/SCTP1138 S Sharma Tax Lawyer Mediator Arbitrator | Adsan Law | #taxaudits #taxinvestigations #taxlaw #taxcase #taxation #singaporetax #singapore

☃️Ho! Ho! Ho! Santarinas dropped by SCTP’s office today!🎅🎅 Many thanks to Xian Aini and Xing Yin Ong from the NTU Tax Advisory Club for coming down to our office and brightening up this overcast rainy afternoon with festive goodies and pennings of warm heartfelt messages and greetings. We are excited of the upcoming programmes the Tax Advisory Club has planned for the next semester in 2025 and geared up to give our continued support! Tax is certainly growing stronger with the enthusiasm of student leaders from NTU TAC! 💪💪💪

𝗛𝗮𝘃𝗲 𝘆𝗼𝘂 𝗰𝗮𝘂𝗴𝗵𝘁 𝘂𝗽 𝗼𝗻 𝘁𝗵𝗲𝘀𝗲 𝗿𝗲𝗰𝗲𝗻𝘁 𝗣𝗶𝗹𝗹𝗮𝗿 𝟮 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀? • 2 December: Malaysia’s Guidelines on Global Minimum Tax which also takes effect from 1 January 2025 (https://bit.ly/3ZVLte3) • 11 December: Australia’s Findings from Pillar 2 Consultations (https://bit.ly/3BsZUNe) In Singapore, the Multinational Enterprise (Minimum Tax) Bill 2024 was passed in Parliament on 15 October 2024 and assented to by the President on 8 November 2024. • Multinational Enterprise (Minimum Tax) Act 2024 (https://bit.ly/49Vsbcd) • Summary of DTT, MTT and RIC (https://bit.ly/3BvSxo8) 𝗜𝗳 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝘄𝗿𝗶𝘁𝘁𝗲𝗻 𝗮 𝗽𝗼𝘀𝘁, 𝗮𝗻 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 𝗼𝗿 𝘄𝗶𝘀𝗵 𝘁𝗼 𝘀𝗵𝗮𝗿𝗲 𝗻𝗲𝘄𝘀 𝘂𝗽𝗱𝗮𝘁𝗲𝘀 𝗼𝗻 𝘆𝗼𝘂𝗿 𝗰𝗼𝘂𝗻𝘁𝗿𝘆 𝗼𝗻 𝘁𝗵𝗶𝘀 𝘁𝗼𝗽𝗶𝗰, 𝗳𝗲𝗲𝗹 𝗳𝗿𝗲𝗲 𝘁𝗼 𝗮𝗱𝗱 𝘁𝗼 𝘁𝗵𝗲 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀 𝘀𝗲𝗰𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗲𝘃𝗲𝗿𝘆𝗼𝗻𝗲’𝘀 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻. Aside from serious tax matters, here’s something for anyone who cannot get this chart-topper tune (https://bit.ly/3VIO2O6) out of their heads: Crazy tax, dizzy news sent thru emails, and I'm tryna know BEPS P2 for real (ai-yoh, ai-yoh) Red eyes, headache, that's what I feel, yeah Build me a pillar to lean on, oh-oh-oh Tell me when there will be sanity? Don't you see I need more budget now? So we fight to make sense, and gone is sleep But we gotta do is to breathe and read on Alamak | Jia-lat Liao | 伤 脑筋 | No-Eyes-see Alamak | Alamak | Huh? Aiyoh Too Much #singaporetax #malaysiatax #australiatax #tax #internationaltax #beps #bepspillar2 #apt #brunoandrose

As a tax professional, one wears many hats: problem-solver, strategic advisor, enthusiastic learner, and very often being the conduit for greater understanding of complex tax regulations for real-world applications.   Follow Accredited Tax Advisor (GST) Jeremy O'Neill’s journey as he shows that tax is about more than numbers – it's about making a difference.   Missed Jeremy's earlier insights? Catch up here:   Part 1: https://bit.ly/SCTPjeremy1  Part 2: https://bit.ly/SCTPjeremy2    #TaxRocks #Taxation #TaxCareer #CareerAdvice #GST #InternationalTax #SCTP

Certainly something to look forward to in the new year. SUSS Accountancy students, see you soon! Thank you in advance, Sharon Tan, Yvonne Chua and Priscilla Koh. Tommy Yee | Benny E. Chwee | Darren N T Koh, PPA(G)

Psst! Heard about the crypto landmark case in 2024? Be sure to sign up for this webinar to understand the developments in cryptocurrencies as more and more businesses expand into this area of opportunity. Join in the discussion and understand cryptocurrency valuation better. Consequently, you might even want to challenge yourself and discern how this case law might impact the taxation of crypto assets too. P/S. Lawyers, this is an 𝗦𝗜𝗟𝗘-𝗮𝗰𝗰𝗿𝗲𝗱𝗶𝘁𝗲𝗱 𝘄𝗲𝗯𝗶𝗻𝗮𝗿! 𝗦𝗖𝗧𝗣 𝗺𝗲𝗺𝗯𝗲𝗿𝘀 𝗲𝗻𝗷𝗼𝘆 𝗖𝗢𝗠𝗣𝗟𝗜𝗠𝗘𝗡𝗧𝗔𝗥𝗬 𝗿𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻! Sign up now: https://bit.ly/SCTP1137 Jiamin Leow | WongPartnership LLP | Singapore Institute of Legal Education | #cryptocurrency #crypto #cryptovaluation #taxation #taxcase #taxlaw #singapore #singaporetax

🔝𝟏𝟐 𝐃𝐚𝐲𝐬 𝐨𝐟 𝐓𝐚𝐱 𝐇𝐨𝐭𝐭𝐢𝐞𝐬⏳ Over on Telegram, SCTP’s Tax Channel has been featuring the Top 12 Reads of 2024 since the start of December. The countdown has begun! Join us in wrapping up 2024 by looking back at some of the most popular tax articles from this year. 𝗡𝗼. 𝟭𝟮: Commentary on Section 10L and the Situs of Movable and Immovable Property (https://bit.ly/4cjSVnw) 𝗡𝗼. 𝟭𝟭: Income Tax Board of Review's Judgement: GHZ v The Comptroller of Income Tax [2023] SGITBR 2 (https://bit.ly/3NXShS2) 𝗡𝗼. 𝟭𝟬: Income Tax Board of Review's Judgement: GIP v The Comptroller of Income Tax [2024] SGITBR 2 (https://bit.ly/3WQWn3E) 𝗡𝗼. 𝟵: List of Singapore Income Tax Act 1947 Amendments and Notifications on 12 April 2024 (https://bit.ly/3S8RYpi) 𝗡𝗼. 𝟴: Malaysia Budget 2024 (https://bit.ly/4gDoaeD): Introducing Capital Gains Tax (https://bit.ly/4gkqKWm) and Global Minimum Tax (https://bit.ly/4f5lp4u) 𝗡𝗼. 𝟳: Adoption of Multilateral Convention to Facilitate Implementation of the Global Minimum Tax Subject to Tax Rule (https://bit.ly/3QbmUVj) [Summary (https://bit.ly/45sdPMk)] [FAQs (https://bit.ly/3LTuG8)] 𝗡𝗼. 𝟲: High Court’s Judgement: THM International Import & Export Pte Ltd v Comptroller of Goods and Services Tax [2024] SGHC 97 (https://bit.ly/4avWjdA) What do you think will be the top 3 most popular articles of 2024? There is only one way to find out – 𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐓𝐚𝐱 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 (https://bit.ly/SCTPTaxHub)! #taxnews #tax #internationaltax #taxreads #taxarticles #taxation #singaporetax #taxcases #taxlaw

While there was something hot (https://bit.ly/SCTP-SmtHot) and something new (many things actually!) in 2024, it was always everything tax. Whether it was a bridge towards better understanding of tax implications, the nodes to new connections or simply the impetus to greater things and higher growth, it was always about promoting, in the public interest, tax excellence and facilitating the success of tax advisors and executives in their professional journeys. Keep yourself updated on SCTP’s website (https://bit.ly/SCTPTaxNews) and subscribe to the Tax Channel: https://t.me/sctp_tax_hub! Tax & Levies Committee: Paul Lau | Allen Tan | Wai Fook Chai | Kong Ping Chua | Jingsi Huang | Alan Lau | Yew Kwong Leung | Hsiao-yng Loh | Albert Ng | John Pang | Simon Poh GST Committee: Prof Sum Yee Loong | Chin Sien Eu | Boon Choo Chew | Michael Choh | Yvonne Chua | Elaine Koh | Soo How Koh | Kor Bing Keong | Lam Kok-Shang | Lay-Koon LIM | Richard Mackender | Cecelia Tan | Teo Chai Choo | Kai Eng Yeo SME Tax Committee: Evelyn Lim | Chee Sin An | Elaine C | Vimala Devi | Puay Hoon Koh | Swee Tian Koh | Edwin Leow | Lawrence Ng | Sivakumar Saravan | Siew Moon Chung-Sim | Suit Fun Tham Joanna Wong | Felix Wong | Joseph Tan | #TaxProfessionals #TaxNews #TaxCommunity #TaxUpdates