To stay relevant and remain competitive, it is essential for tax professionals to continually upgrade themselves. To encourage this, members of the Singapore Institute of Accredited Tax Professionals (SIATP) enjoy members’ rate for courses organised by the Institute of Singapore Chartered Accountants (ISCA) and selected courses by the Tax Academy of Singapore.
Starting from 2012, Accredited Tax Advisors, Accredited Tax Practitioners and Accredited Tax Practitioners (Provisional) will be required to undertake 30 hours of Continuing Professional Education (CPE) each year. To provide greater flexibility to accredited tax professionals, the CPD requirement may be accumulated over a three-year rolling period, as long as the total requirement of 90 hours of CPE is met for any three consecutive years.
CPE for Accredited Tax Professionals with One Specialisation
10 hours of structured learning of which at least 7 hours must be in the area of specialisation (Income Tax or GST) being accredited for and 20 hours of unstructured learning of which at least 10 hours must be on the area of specialisation (Income Tax or GST) being accredited for.
CPE for Accredited Tax Professionals with Two Specialisations
For accredited tax professionals with two areas of specialisations, the required continuing professional development each year will be as follows:
The structured learning should comprise at least 7 hours should be in Income Tax, at least 7 hours in GST and 5 hours in any other areas. For unstructured learning, at least 6 hours should be on any area of taxation and 5 hours on any other areas.
Please click here for the submission form.
To provide a clearer understanding of the CPD required of accredited tax professionals, a set of questions and answers has been provided below.
5. Are there any bite-sized tax-related articles I may print and read?
7. How do I sign up for ISCA courses and enjoy the members' rate?
The CPD required of accredited tax professionals starts from January 2012. The requirement for tax professionals accredited in Year 2012 or after, commences the next (calendar) year.
Year 2011 or before – Tax professional was accredited.
Year 2012 – Accredited tax professional starts tracking his CPD hours.
Year 2013 onwards – Accredited tax professional will be required to provide documentation of his CPD hours (when requested).
Year 2012 – Tax professional is accredited.
Year 2013 – Accredited tax professional starts tracking his CPD hours.
Year 2014 onwards – Accredited tax professional will be required to provide documentation of his CPD hours (when requested).
Structured learning activities include:
|(a)||Relevant courses conducted by recognised professional bodies/organisations such as:
|(b)||Relevant studies undertaken for the purpose of preparing for a post-qualification course|
|(c)||Relevant studies undertaken after qualification with a view to preparing the candidate for a postgraduate degree|
|(d)||Relevant courses conducted by relevant educational establishments|
|(e)||Relevant courses conducted by recognised CPA firms, business organisations and trade associations|
|(f)||Participation as a speaker, or attendee in relevant conferences, briefing sessions or discussion groups|
|(g)||Relevant correspondence courses, audio tape or video tape packages, courses of programmed texts or other individual study programmes which require participation by the member|
|(h)||Writing of technical articles, papers or books relating to taxation|
|(i)||Working as a lecturer, instructor or discussion leader on a relevant structured course (repeat presentations of the course should not be considered for this purpose)|
|(j)||Conducting of updates, reviews and research for relevant technical manuals/handbooks|
|(k)||Service as a member of a relevant technical committee of a professional body or individual firm (to the extent that technical material is prepared or reviewed by the member)|
|(l)||Service as a member of the examining board of a recognised professional body (to the extent that technical material relating to taxation is prepared or reviewed by the member)|
|(m)||Relevant e-learning activities|
|(n)||Relevant courses in ‘any other areas’ include accounting, finance, areas in practice management relevant to the tax professional’s job scope, or other areas of taxation that is not the specialisation accredited for.|
Please be informed that the list is by no means exhaustive. SIATP has no purview of the content or organisation and the list does not, in any way, reflect SIATP's
Unstructured learning activities include:
|(a)||Reading of relevant technical, professional, financial or business literature|
|(b)||Use of audio tapes, video tapes, correspondence courses, etc (where no participation is required)|
|(c)||Participation at meetings, briefing sessions or discussion groups where no technical material relating to taxation is prepared by the member|
Service as a member of a technical committee of a professional accounting body or individual firm (where no technical material relating to taxation is prepared for review by the member)
|(e)||Relevant activities in 'any other areas' include accounting, finance, areas in practice management relevant to the tax professional’s job scope, or other areas of taxation that is not the specialisation accredited for.|
Yes, there sure is. This list will be progressively expanded. Do check back from time to time.
|Great is the New Average - How Tax Professionals Can Excel||by SIATP|
|50 Shades of Tax - Leave Complex Tax Matters to the Professionals||by SIATP|
|The “Right”s (and “Wrong”s) in Negligence Claims||based on technical discussion facilitated by Accredited Tax Advisor (Income Tax) Mr Tan Kay Kheng, Head of Tax Practice, WongPartnership LLP|
|The Bedrock of Tax Advisory - Statutory Interpretation and Case Analysis||based on technical discussion facilitated by Mr Darren Koh, Associate Professor, Head of the Master of Taxation Programme, SIM University|
|Grasp the Multi-faceted Aspects of India Taxation||based on technical discussion facilitated by Accredited Tax Advisor (Income Tax) Mr Rohan Solapurkar, Partner, Deloitte Singapore
|Compensations: Ins & Outs of Giving and Receiving||based on technical discussion facilitated by Accredited Tax Advisor (Income Tax & GST) Mr S Sharma, Consultant, ATMD Bird & Bird LLP||Oct 2013|
|Navigating the Transfer Pricing Battlefield||by SIATP||Jul 2013|
|Tax Management in the Dark: How Do You See The Light?||by Accredited Tax Advisor (GST) Mr Koh Soo How, Partner and Accredited Tax Practitioner (Income Tax) Ms Lim Kexin, Tax Manager, PricewaterhouseCoopers Services LLP||Mar 2013|
|Cross Border Taxation: Are you gingerly crossing borders amidst a tax ocean of sharks?||by SIATP||Feb 2013|
|Presentation Slides on Tax Arbitration - Protection for Foreign Investors from Unforeseen Tax Claims||by Accredited Tax Advisor (Income Tax) Mr Edwin Vanderbruggen, Partner, VDB|Loi||Jan 2013|
|International Taxation in Doing Business in Myanmar||by Accredited Tax Advisor (Income Tax & GST) Mr S Sharma, Consultant, ATMD Bird & Bird LLP||Jan 2013|
|Exchange of Information Provisions||by Accredited Tax Practitioner (Income Tax)
Ms Lee Shin Huay, Tax Manager, SIATP
|Tax Considerations for an Initial Public Offering||by Accredited Tax Advisor (Income Tax & GST) Mr Lee Tiong Heng, Tax Partner, Deloitte & Touche LLP||Oct 2012|
|Tax Equalization or Tax Protection – Which is Better?||by Accredited Tax Advisor (Income Tax) Ms Jennifer Ng, Tax Director, TaxPRO Services Pte Ltd||Oct 2012|
|Group Relief – Where To From Here? (SIATP Technical Discussion Event Commentary)||by SIATP||Oct 2012|
|Tax Risk Management and Dispute Resolution(SIATP Technical Discussion Event Commentary)||by SIATP||Jul 2012|
|International Arbitration: Protection from Unforeseen or Unreasonable Tax Claims by Foreign Governments||by Accredited Tax Advisor (Income Tax) Mr Edwin Vanderbruggen, Partner, VDB|Loi||Jul 2012|
|Capital & Revenue Gains & Budget 2012(SIATP Technical Discussion Event Commentary)||by SIATP||Jun 2012|
|A Simpler Income Tax Filing Process for Small Companies
(An article on the new Form C-S)
|by SIATP||May 2012|
|AVD v CIT||by KPMG in Singapore||Feb 2012|
|Decoding Capital Allowances (The Case of ATG v CIT)
(SIATP Technical Discussion Event Commentary)
|by SIATP||Feb 2012|
|Factors to Consider for Foreign Tax Credit Pooling||by Accredited Tax Advisor (Income Tax)
Mr Chan Huang Chay, Tax Partner, Deloitte & Touche LLP
|May The Source Be With You (SIATP Technical Discussion Event Commentary)
(An article on Source of Profits)
|by SIATP||Oct 2011|
|Be Clued In On The Inside Track (SIATP Technical Discussion Event Commentary)
(An article on IRAS' Perspective on Tax Compliance)
|by SIATP||Oct 2011|
Goods and Services Tax
|Malaysia GST – Get Set, Tax!||by SIATP||Apr 2014|
|Pricked by GST (GST Complexities)||by SIATP||-|
|Remove the Haze in Reimbursements and Disbursements||by SIATP||Nov 2013|
|Survival Guide for MES||by Accredited Tax Advisor (GST), Mr Ng Choon Beng, Director, GSTax Consultancy||Apr 2013|
|Lifting the Veil of Confusion on Reimbursements and Disbursements (SIATP Technical Discussion Event Commentary)||by SIATP||Jan 2013|
|IRAS' GST Bulletin (4th issue)||on various issues pertaining to imports. This includes the extension of GST Temporary Import Relief Period, recap of Sections 33(2) and 33A, the compulsory participation in the Electronic Tourist Refund Scheme and a summary of the various schemes for GST suspension on imports.||Jun 2012|
|Common Misconceptions in GST Audit & Compliance||by RSM Chio Lim||Jan 2012|
|IRAS' GST Bulletin (3rd issue)||on the new e-service to update contact information, business-friendly measures and clarifications on export-related queries.||Dec 2011|
|What You Should Know About GST||by Accredited Tax Advisors (GST) Mr Koh Soo How, Partner and Mr Eddie Soh, Manager, PricewaterhouseCoopers Services LLP||Oct 2011|
|Steering Businesses Through The ACAP Process||by Accredited Tax Advisor (Income Tax & GST) Mr Yeo Kai Eng, Partner, Ernst & Young Solutions LLP||Apr 2011|
The articles above are for reference only. Please do note that the views expressed may also not reflect the views of SIATP and the list should not be interpreted as an endorsement by SIATP. If there are any queries in relation to the content, please contact the author/organisation directly. Any advise included in the articles should not be taken as a substitute for professional judgement. Neither SIATP nor its staff accepts any responsibility for any interpretation consequent to a reference to any of the articles above.
"Any other areas" include accounting, finance, areas in practice management relevant to the tax professional’s job scope, or other areas of taxation that is not the specialisation accredited for.
Please register for ISCA courses using this registration form to enjoy members' rate.
As long as the course meets the criteria stipulated in the SIATP CPD framework, the CPE hours acquired will be recognised.
Courses and programmes that are relevant to the tax professional’s job scope will be considered. For further information, please refer to Question 2 on what constitutes structured learning activities.