Continuing Professional Development

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.

 

 

CPD framework

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.

 

1. When will the CPD framework be implemented?

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.
Example 1:
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).

Example 2:
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).

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2. What constitutes Structured Learning?

Structured learning activities include:

(a) Relevant courses conducted by recognised professional bodies/organisations such as:

In Singapore
  1. Institute of Singapore Chartered Accountants (ISCA) *Please register using this registration form to enjoy members' rate for ISCA courses.
    URL: http://www.isca.org.sg
  2. Tax Academy of Singapore (TA)
    URL: http://www.taxacademy.sg
Tax Organisations
  1. Chartered Tax Institute of Malaysia (CTIM)
    URL: http://www.ctim.org.my
  2. International Bureau of Fiscal Documentation (IBFD)
    URL:
    http://www.ibfd.org
  3. Irish Tax Institute (ITI)
    URL: http://www.taxinstitute.ie/
  4. Taxation Institute of Australia (TIA)
    URL: http://www.taxinstitute.com.au
  5. The Chartered Institute of Taxation (CIOT)
    URL: http://www.tax.org.uk
  6. The Taxation Institute of Hong Kong
  7. URL: http://www.tihk.org.hk
Accounting Organisations
  1. American Institute of Certified Public Accountants (AICPA)
    URL: http://www.aicpa.org
  2. Canadian Institute of Chartered Accountants (CICA)
    URL: http://www.cica.ca
  3. Chartered Institute of Management Accountants (CIMA)
    URL: http://www.cimaglobal.com/
  4. CPA Australia (CPA Australia)
    URL: http://www.cpaaustralia.com.au
  5. Institute of Chartered Accountants in England and Wales (ICAEW)
    URL: http://www.icaew.co.uk
  6. New Zealand Institute of Chartered Accountants (NZICA)
    URL: http://www.nzica.com
  7. The Association of Chartered Certified Accountants (ACCA)
    URL: http://www.accaglobal.com
  8. The Institute of Chartered Accountants in Australia (ICAA)
    URL: http://www.charteredaccountants.com.au
  9. The Institute of Chartered Accountants in Ireland (ICAI)
    URL: http://www.icai.ie
  10. The Institute of Chartered Accountants in Scotland (ICAS)
    URL: http://www.icas.org.uk
(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.

3. Other than the above which are mainly accounting bodies, are there other organisations that organise tax courses in Singapore?
To aid accredited tax professionals in mapping out their training plans, the following is a consolidated list of some of the organisations which organise programmes related to tax:
1) CCH - Enjoy subscribers' rate
2) Deloitte & Touche - Enjoy clients' rate by stating your SIATP membership number when you register.
3) Enterprise Promotion Centres (EPC) - Enjoy members' rates off tax-related courses by stating your SIATP membership number when you register.
4) Ernst & Young - Enjoy clients' rate by stating your SIATP membership number when you register.
5) International Bureau of Fiscal Documentation - Enjoy 20% off all courses in Singapore and Kuala Lumpur.
6) KPMG in Singapore (KPMG) - Enjoy clients' rate by stating your SIATP membership number when you register.
7) PricewaterhouseCoopers Services LLP (PwC) - Enjoy the privilege of a 10% off 'Public' rates for tax-related courses by stating your SIATP membership number when you
register.
8) TAKX Solutions Pte Ltd - Enjoy a special 10% off for all courses by stating your SIATP membership number when you register.

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
endorsement of any course provider.

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4. What constitutes Unstructured Learning?

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
(d)

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.

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5. Are there any bite-sized tax-related articles I may print and read?

Yes, there sure is. This list will be progressively expanded. Do check back from time to time.

Categories Remarks Date
Uploaded
GENERAL    
Great is the New Average - How Tax Professionals Can Excel by SIATP  
The Bedrock of Tax Advisory based on technical discussion facilitated by Darren Koh, Head of the Master of Taxation Programme, SIM University  
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  
Serving Our Clients and Managing Expectations based on up close & personal with tax session facilitated by Accredited Tax Advisor (Income Tax & GST) Prof Sum Yee Loong, Professor of Accounting, SMU Jun 2014
50 Shades of Tax - Leave Complex Tax Matters to the Professionals by SIATP
 
     

INCOME TAX

 

 

White Paper on BEPS, eCommerce and Transfer Pricing A collaborative research project between SIATP and SCFOI Sep 2014
Practical Insights to Maximum Benefits for SMEs by SIATP Sep 2014
Crossing Borders. Perplexing Transactions. based on technical discussion facilitated by Accredited Tax Advisor (Income Tax) Ms Linda Foo, Tax Partner, Deloitte Singapore Jul 2014
What Constitutes Income by Accredited Tax Advisor (Income Tax) Mr Yee Fook Hong Jul 2014
Anti-Avoidance - Within and Beyond based on authors boost clarity session facilitated by Mr Tang Siau Yan and Ms Usha Chandradas, Partners, Allen & Gledhill Jun 2014
What is a Fair Exchange of Tax Information? based on technical discussion facilitated by Accredited Tax Advisor (Income Tax & GST) Mr S Sharma, Consultant, ATMD Bird & Bird LLP May 2014
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 Jan 2014
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 based on technical discussion facilitated by Accredited Tax Advisor (Income Tax) Mr Alan Ross, Head of Tax and Accredited Tax Practitioner (Income Tax) Mr Falgun D Thakkar, Senior Manager, Pwc 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? based on technical discussion facilitated by Accredited Tax Advisor (Income Tax & GST) Mr Goh Bun Hiong, Tax Director, PKF-CAP LLP 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
Jan 2013
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? based on technical discussion facilitated by Accredited Tax Advisor (Income Tax) Mr David Sandison, Partner, Tax Practice, PwC Oct 2012
Tax Risk Management and Dispute Resolution based on technical discussion facilitated by Accredited Tax Advisor (Income Tax) Mr David Sandison, Partner, Tax Practice, PwC 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 based on technical discussion facilitated by Mr Tang Siau Yan, Partner, Allen & Gledhill LLP 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)
based on technical discussion facilitated by Accredited Tax Advisor (Income Tax) Mr Leung Yew Kwong, Partner at WongPartnership LLP 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
Feb 2012
May The Source Be With You based on technical discussion facilitated by Accredited Tax Advisor (Income Tax) Mr David Sandison, Partner, Tax Practice, PwC Oct 2011
Be Clued In On The Inside Track
(An article on IRAS' Perspective on Tax Compliance)
by SIATP Oct 2011
     

GOODS & 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.

6. What does "any other areas" refer to?

"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.

7. How do I sign up for ISCA courses and enjoy the members' rate?

Please register for ISCA courses using this registration form to enjoy members' rate.

8. I am a member of ISCA and SIATP. Can I use the CPE hours acquired for both memberships?

As long as the course meets the criteria stipulated in the SIATP CPD framework, the CPE hours acquired will be recognised.

9. Are overseas courses counted?

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.

10. Will SIATP be able to track my CPE hours for me?

The monitoring of the CPE hours is the responsibility of each accredited tax professional as each has the flexibility of attending programmes offered by various training providers.

To minimise any hassle, accredited tax professionals are advised to download the form and keep it updated.