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Taxation Policy in Singapore Income Tax Act

Summary outline of the module, including details of the tutor, a brief description of the module content, the learning outcomes expected at the end of the module, the arrangements for the delivery of the module and details of the recommended textbook.

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Added on  2022-11-29

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The report shows about the taxation policy of Singapore Income Tax Act as how the individual have to deduct the withholding tax and how to submit the same to the authority. It also shows about the exemption which the individual is able to have and what are the penalty which will be imposed upon the individual for not following the provision. Lastly it show the case of Delta Ltd as how the company have to deduct the withholding tax limit from the payment made to chef who is a non-resident.

Taxation Policy in Singapore Income Tax Act

Summary outline of the module, including details of the tutor, a brief description of the module content, the learning outcomes expected at the end of the module, the arrangements for the delivery of the module and details of the recommended textbook.

   Added on 2022-11-29

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Running head: Taxation
Taxation
Name of the Student
Name of the University
Author Note
Taxation Policy in Singapore Income Tax Act_1
1Financial Accounting Assignment
Executive Summary
The report shows about the taxation policy of Singapore Income Tax Act as how the
individual have to deduct the withholding tax and how to submit the same to the authority. It
also shows about the exemption which the individual is able to have and what are the penalty
which will be imposed upon the individual for not following the provision. Lastly it show the
case of Delta Ltd as how the company have to deduct the withholding tax limit from the
payment made to chef who is a non-resident.
Taxation Policy in Singapore Income Tax Act_2
2Financial Accounting Assignment
Table of Contents
Introduction................................................................................................................................3
Section 45 of Singapore Income Tax Act..................................................................................3
Tax Treatment in regards of different items..............................................................................4
Consequences of Defaulting withholding Tax Payment............................................................5
Exemptions for withholding tax.................................................................................................6
Case Study of Delta Ltd.............................................................................................................7
Conclusion..................................................................................................................................7
Reference....................................................................................................................................8
Taxation Policy in Singapore Income Tax Act_3

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