You prepare personal tax computations and complete relevant returns.
- Calculate taxable income and benefits from employment,
- Identify personal allowances and allowable expenses.
- Calculate taxable investment income by preparing schedules of property and investment income and applying relevant deductions and reliefs.
- Calculate taxable capital gains by identifying chargeable assets and investments, allowances and reliefs.
- Compute income tax and capital gains tax payable from all sources and complete and submit the relevant tax return.
Corporate tax
- You prepare business tax computations and complete relevant tax returns.
- Adjust trading profits and losses for tax purposes, adjust for allowable expenses and the private use of assets by owners, and compute assess able business income.
- Classify expenditure and receipts on the acquisition and disposal of capital assets, and compute capital allowances.
- Identify and value chargeable assets that have been disposed of, applying any reliefs, deduct allowable costs and compute chargeable gains.
Skills
- Working knowledge of Microsoft Excel and Word
- Working knowledge of Income Tax in Singapore
- Research skills on specific tax topics
- Good writing skills on technical topics
