CPA Australia and the Tax Academy of Singapore have agreed to jointly develop the Singapore Taxation subject, under the CPA Program. This subject enables candidates to acquire leading-edge specialised training in the area of Singapore taxation.
The Tax Academy of Singapore is a collaboration between the Inland Revenue Authority of Singapore, the international accounting firms comprising 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.
Singapore Taxation is open to all CPA Program candidates. However, individuals 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.
The Singapore Taxation exam consists of 100 per cent written response questions. The exam for the Singapore Taxation subject is closed book. Individuals 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. Candidates 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.
The aims of this subject are:
- to provide individuals 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
The Singapore Taxation subject comprises eight modules.
||Recommended proportion of study time (%)
|1. Overview of the Singapore Tax Regime
|2. General Knowledge of Income Tax
|3. Income Tax (Corporate)
|4. Income Tax (Business)
|5. Income Tax (Individual)
|6. Income Tax (Others)
|7. Withholding Tax
|8. Goods and Services Tax
For further information, see the subject outline (PDF).