Singapore taxation

Content Summary

About the Singapore Taxation subject

CPA Australia and the Tax Academy of Singapore have agreed to develop the Singapore Taxation subject together, under the CPA Program.

The Tax Academy of Singapore is a collaboration between peak industry stakeholders. Namely, the Inland Revenue Authority of Singapore, international accounting firms Deloitte & Touche, Ernst & Young, KPMG and PwC, the Institute of Singapore Chartered Accountants and the Law Society of Singapore. It is established as a non-profit institution to raise the professional competency of the tax community and to develop Singapore into a regional tax knowledge hub.

When to choose Singapore Taxation

Singapore Taxation is open to all CPA Program candidates. However, you must be able to sit the exam in Singapore. Additionally, valuable face-to-face tutorials which support this subject are also held in Singapore, these tutorials are highly recommended but are not compulsory to attend.

Exam

The Singapore Taxation exam consists of 100 per cent written response questions. The exam for the Singapore Taxation subject is closed book. You can only bring the approved tax acts recommended in the study guide into the exam. 

The Singapore Taxation exam is only held in Singapore on one fixed date. You must be available to attend an exam on the fixed date. Please ensure you read the related rules and regulations before you enrol in this subject.

Subject aims

The aims of this subject are:

  • to provide you with an overview of the Singapore tax system, a sound foundation on the principles of taxation of income and a good appreciation of how these principles and the provisions of the Income Tax Act are applied in the taxation of individuals, unincorporated businesses and corporations
  • to provide a good understanding of the Singapore Goods and Services Tax

Subject content

The Singapore Taxation subject comprises eight modules.

Module Recommended proportion of study time (%)
1. Overview of the Singapore Tax Regime 3
2. General Knowledge of Income Tax 18
3. Income Tax (Corporate) 22
4. Income Tax (Business) 12
5. Income Tax (Individual) 12
6. Income Tax (Others) 3
7. Withholding Tax 10
8. Goods and Services Tax 20

Subject outline

For further information, see the subject outline below.