The annual Singapore Master Tax Guide Handbook has been a key reference for the Singapore Tax and Accounting Community in the last four decades. With its clear explanations, worked examples and useful tables, readers can confidently and quickly navigate all areas of tax concepts and applications. Essential for all accountants, tax lawyers, financial advisors and students.

Key Features

Now in its 39th edition, the Singapore Master Tax Guide Handbook 2020/21 remains the authoritative guide for all professionals and students preparing for university, professional and polytechnic tax examinations.

The key changes for this edition cover the following:

• Income Tax (Amendment) Act 2019
• Goods and Services Tax (Amendment) Act 2019
• Variable Capital Companies (Miscellaneous Amendments) Act 2019
• New treaties signed in 2019
• New or revised IRAS circulars issued in 2019
• Selected tax judgments passed in 2019
• Budget Announcement 2020

Practitioners who need a quick reference to Singapore tax will also find this annual publication extremely useful.

The law in the Handbook stands at 18 February 2020.

Topic Covered

• Introduction to Singapore Income Taxation
• Basic Tax Concepts
• The Charging Section
• Income from Trade, Business, Profession or Vocation
• Employment Income and Pensions
• Other Sources of Income
• Deductions
• Capital Allowances
• Taxation of Businesses
• Distribution of Corporate Profits
• Partnerships
• Taxation of Resident Individuals
• Taxation of Non-Residents
• Relief from Double Taxation
• Clubs and Associations
• Estates, Trusts and Settlements
• Income Tax Administration
• Incentives under the Income Tax Act
• Economic Expansion Incentives
• Tax Avoidance and Evasion
• Goods and Services Tax

Authors

Tan How Teck, Associate Professor at Nanyang Business School, Nanyang Technological University
Jimmy Oei, Tax Director, Acutus Tax Services Pte. Ltd