IRAS' e-Learning offers a suite of online learning opportunities to individuals and corporate taxpayers.
Note: All videos (except 'Overview of GST') will be launched in a new window on YouTube.
On this page:
Companies
Global Anti-Base Erosion (GloBE) Rules and Domestic Top-up (DTT)
Module One - Scope and Charging Provisions (Part A) (10m 2s)
Introduces BEPS 2.0 and provides an overview of the GloBE Rules under Pillar Two and the Qualified Domestic Minimum Top-up Tax (QDMTT).
View the slides as presented in Module One - Scope and Charging Provisions (Part A) (PDF, 610KB)
Module One - Scope and Charging Provisions (Part B) (47m 15s)
Learn about Singapore’s implementation of the GloBE Rules and the QDMTT, in particular, the scope of Singapore’s Multinational Enterprise (Minimum Tax) Act 2024 (MMT Act), the charging provisions for the Multinational Enterprise Top-up Tax (MTT), and the DTT in Singapore.
View the slides as presented in Module One – Scope and Charging Provisions (Part B) (PDF, 963KB)
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Module Two - Computation of GloBE Income or Loss (Part A) (26m 25s)
Learn how to determine the financial accounting new income or loss (FANIL) for different types of entity, and apply the currency conversion rules.
View the slides as presented in Module Two – Computation of GloBE Income or Loss (Part A) (PDF, 610KB)
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Module Two - Computation of GloBE Income or Loss (Part B) (44m 48s)
Examines the mandatory adjustments to the FANIL under the MMT Act and explains how such adjustments are performed.
View the slides as presented in Module Two – Computation of GloBE Income or Loss (Part B) (PDF, 351KB)
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Module Two - Computation of GloBE Income or Loss (Part C) (25m 30s)
Examines the optional adjustments to the FANIL under MMT Act and explains how such adjustments are performed.
View the slides as presented in Module Two – Computation of GloBE Income or Loss (Part C) (PDF, 333KB)
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Module Three - Computation of Adjusted Covered Taxes (Part A) (40m 2s)
Introduces the adjusted covered taxes, and examines the adjustments to qualifying current tax expense, adjustments to qualifying deferred tax expense and recaptured deferred tax liabilities under the MMT Act.
View the slides as presented in Module Three – Computation of Adjusted Covered Taxes (Part A) (PDF, 629KB)
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Module Three - Computation of Adjusted Covered Taxes (Part B) (40m 32s)
Examines the other adjustments to covered taxes under the MMT Act and explains how such adjustments are performed.
View the slides as presented in Module Three – Computation of Adjusted Covered Taxes (Part B) (PDF, 373KB)
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Module Three - Computation of Adjusted Covered Taxes (Part C) (25m 38s)
Examines the allocation of covered taxes under the MMT Act and explains how such allocation is performed.
View the slides as presented in Module Three – Computation of Adjusted Covered Taxes (Part C) (PDF, 313KB)
Corporate Income Tax
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Corporate Income Tax Filing Obligations and Basis of Assessment (12m 42s)
Learn about the Corporate Income Tax Filing Obligations of your company.
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Taxability of Income (5m 44s)
Taxable income is income that is subject to tax. Income 'accrued in' or 'derived from’ Singapore as well as income received from outside Singapore is taxable.
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Tax Deductibility of Expenses (4m 59s)
Business expenses that qualify for tax deduction will reduce the company’s taxable income and the amount of tax it needs to pay. While some business expenses are tax deductible, some are non-deductible.
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Tax Deductibility of Pre-commencement Expenses (4m 3s)
A company is deemed to have commenced business on the first day of the financial year in which it earns its first dollar of business receipt. Learn about the tax-deductibility of expenses incurred before commencement of business.
A company is deemed to have commenced business on the first day of the financial year in which it earns its first dollar of business receipt. Learn about the tax-deductibility of expenses incurred before commencement of business.
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Tax Deductibility of Motor Vehicle Expenses (4m 11s)
Motor vehicle expenses incurred on goods and commercial vehicles such as vans, lorries and buses are deductible. However, motor vehicle expenses incurred on private cars (e.g., S-plated cars) are non-deductible even if these cars are used for business purposes.
Motor vehicle expenses incurred on goods and commercial vehicles such as vans, lorries and buses are deductible. However, motor vehicle expenses incurred on private cars (e.g., S-plated cars) are non-deductible even if these cars are used for business purposes.
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Tax Deductibility of Medical Expenses (4m 30s)
Medical expenses of employees are tax-deductible as long as they are capped at 1% of the total employee remuneration accrued for the year. The cap increases to 2% if the company has implemented portable medical benefits and meets the qualifying
conditions.
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Renovation or Refurbishment (R&R) Works for Year of Assessment (YA) 2024 and Before (6m 20s)
Section 14N of the Income Tax Act 1947 was introduced to allow a tax deduction for qualifying R&R costs incurred by businesses. The amount of R&R costs that qualify for tax deduction is capped at $300,000 for every relevant three-year
period, starting from the year in which the R&R costs are incurred. Watch this video to learn about the tax deductibility of expenses incurred on R&R works for YA 2024 and before.
As announced in Budget 2024, the relevant 3-year period that is used to determine the R&R expenditure will be fixed with effect from YA 2025. Please refer to Renovation Refurbishment Works Expenditure (Section 14N) for more details on tax deduction for expenses incurred on R&R works.
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Capital Allowances (7m 44s)
Capital allowances are deductions
claimable for the wear and tear of qualifying fixed assets. They are generally granted in place of depreciation, which is not deductible.
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Unutilised Capital Allowances and Unutilised Trade Losses (8m 38s)
The unutilised capital allowances or unutilised trade losses can be carried forward to set off against a company’s future income, if the “Shareholding Test” is satisfied (i.e. when there is no substantial change in the
company's shareholders and their shareholdings as at the relevant dates).
The unutilised capital allowances can only be deducted against future income if the company continues to carry on the same trade or business for which capital allowances are given.
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Approved Donations and Unutilised Donations (6m 23s)
Donations are non-deductible expenses as they are not incurred in the production of income. However, a company can claim a tax deduction of 2.5 times the amount of approved donations made to an approved Institution of a Public Character
(IPC) or to the Singapore Government for causes that benefit the local community.
Unutilised donations for a particular Year of Assessment (YA) arise when allowable donations made during the YA are more than the income for that YA. Unutilised donations can be carried forward for up to 5 YAs.
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Common Tax Reliefs That Help Reduce Tax Bills (6m 35s)
The tax exemption scheme for new start-up companies and the partial tax exemption scheme for companies are tax reliefs available to reduce companies’ tax bills.
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Common Tax Filing Mistakes and the Voluntary Disclosure Programme (7m 47s)
Learn more about the common tax filing mistakes to avoid when filing the Corporate Income Tax Returns. The IRAS Voluntary Disclosure Programme (VDP) encourages taxpayers who have made errors in their tax returns to come forward voluntarily,
in a timely manner, to correct their errors. IRAS is prepared to reduce penalties for voluntary disclosures which meet the qualifying conditions.
Withholding Tax
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What is Withholding Tax (11m 25s)
A person who makes payments of
a specified nature (e.g. royalty, interest, technical service fee, etc.) to a non-resident must withhold a percentage of the payment and pay this amount, known as Withholding Tax, to IRAS.
Filing and Payment of Withholding Tax (8m 46s)
As
a payer, you are required to file and pay Withholding Tax to the IRAS by the 15th of the second month from the date of payment to the non-resident.
Avoidance of Double Taxation Agreements (DTAs) (8m 41s)
An Avoidance of Double Taxation Agreement (DTA) between Singapore and another jurisdiction serves to relieve double taxation of income earned in one jurisdiction by a resident of the other jurisdiction. The DTA also provides for a reduction in withholding tax rates or exemption of tax on certain types of income.
Self-employed/ Partners
Tips to Better Business Record-Keeping (3m 2s)
What is good record-keeping? Why is it important for your business? Watch the video to see how these good record-keeping habits by Chef Tay help him to make better business decisions, as well as enjoy an easier tax filing experience!
Keeping Proper Records (4m 46s)
As a self-employed, are you keeping proper records the traditional way or the digital way? Here’s Uncle Joe sharing with you some quick tips on how to keep your records and how long to keep them for tax purposes.
Common Record-Keeping Mistakes (5m 47s)
Get it right! What are the dos and don’ts when it comes to record-keeping for tax filing? Let’s hear from Mr Tan about the common record-keeping mistakes and how to avoid them for your business.
The Importance of Record-Keeping for Commission Agents (2m 9s)
As a commission agent, learn how to improve on record-keeping for your business.
Fixed Expense Deduction Ratio (FEDR) for Commission Agents (3m 19s)
Learn about how commission agents can qualify to deduct a deemed amount of expenses incurred in their business.
Taxation of Self-Employed Persons (30m 12s)
Learn more about your tax obligations as a Self-Employed Person and get tips on some business expenses that you can claim.
GST Traders
Learn about the basic GST concepts and principles. Businesses that plan to register for GST voluntarily must complete this course and its quiz before registering.
This video explains the steps for applying for GST registration online via myTax Portal.
This video provides a step-by-step guide for the GST e-Services available in myTax Portal.
Common GST Errors
As a GST-registered business, you are required to file accurate and correct returns. Submitting an incorrect return is an offence and may be subject to penalty consideration. In this series of videos, we identify the common tax errors made by businesses to help you avoid making the same mistakes when submitting your GST return.
Common Output Tax Errors:
Video 1: Common GST Errors on Output Tax - Recovery of expenses (Part 1) (4m)
Video 3: Common GST Errors on Output Tax – Property transactions (Part 3) (4m)
Video 5: Common GST Errors on Output Tax – Services provided to overseas customers (Part 5) (3m)
Common Input Tax Errors:
Video 1: Common GST Errors on Input Tax – Claims not supported with valid documents (Part 1) (4m)
Video 2: Common GST Errors on Input Tax – Claims that need to be apportioned (Part 2) (4m)
Video 4: Common GST Errors on Input Tax – Claims made in the wrong accounting period (Part 4) (3m)
Price Display Rules for GST-registered Businesses (4m)
GST-registered businesses are required to display prices inclusive of GST. In this video, we highlight the key price display requirements and common errors made by businesses to help you meet your GST obligations.
Seminar on Singapore’s Overseas Vendor Registration regime (43m)
Singapore has implemented an Overseas Vendor Registration regime from 1 Jan 2020, where overseas suppliers that make cross-border B2C sales of digital services to consumers in Singapore are required to register and account for GST on their sales. This educational video covers the rules of Singapore’s Overseas Vendor Registration regime in detail, and highlights what overseas suppliers and marketplaces need to do to get ready for the regime.
Seminar on Singapore’s Extended Overseas Vendor Registration Regime
From 1 Jan 2023, Singapore will be extending the Overseas Vendor Registration regime to impose GST on supplies of non-digital services and low-value goods (LVG) to non-GST registered customers. Digital services which are currently subject to GST will remain taxable under the extended overseas vendor registration regime.
The following two educational videos cover the rules of Singapore’s extended Overseas Vendor Registration regime in detail, and highlights what affected vendors (both local and overseas) need to do to get ready for the regime.
(a) For local suppliers, electronic marketplace operators and redeliverers (52m)
(b) For overseas vendors, electronic marketplace operators and redeliverers (48m)
GST Rate Change
Preparing for GST rate change on 1 Jan 2024 (45m)
GST will be raised from 8% to 9% with effect from 1 Jan 2024. This educational video covers the basics of what you need to know and do to be ready for the rate change on 1 Jan 2024.
Preparing for GST rate change on 1 Jan 2023 (40m)
GST has been raised from 7% to 8% with effect from 1 Jan 2023. This educational video covers the basics of what you would have needed to know and do when getting ready for the rate change on 1 Jan 2023.
Should Your Business Register for GST? (45m)
In view of the GST rate increase, this educational video covers the information that non-GST registered businesses need to know to make a well-informed decision on whether to register for GST voluntarily.
GST InvoiceNow Requirement for GST-registered Businesses (24m)
GST-registered businesses will be required to transmit invoice data to IRAS using InvoiceNow-Ready Solutions via the InvoiceNow network. Watch this video to learn more about the GST InvoiceNow Requirement and discover how InvoiceNow-Ready Solutions can transform your business operations - from boosting efficiency to minimising compliance efforts.
Employers
Auto-Inclusion Scheme (AIS) for Employment Income
Learning about the Auto-Inclusion Scheme (AIS) for Employment Income and what you need to do as an employer under this scheme.
- About AIS (1m 25s)
- Who to include? (1m 28s)
- What to Submit? (1m 16s)
- How to Join AIS? (58s)
- Submission Process? (24s)
- Authorisation (38s)
- Submission Mode (2m 42s)
- Important Note (1m 50s)
- Making amendments (2m 34s)
- Benefits of AIS (1m 10s)
Tax Reporting of Employee’s Remuneration
Learn how to complete the various forms for your employees and about the tax reporting of some common remuneration components.
- Introduction on Tax Reporting of Employee’s Remuneration (Part 1) (4m 23s)
- Tax Treatment of Bonus, Director’s Fees, Allowances, Lump Sum Payment, Employer’s Contribution to Overseas Pension/Provident Fund and CPF Contributions (Part 2) (11m 39s)
- Tax Treatment of Gains/Profits from ESOP/ESOW Plans, Accommodation Benefits, Insurance Premium and Awards (Part 3) (11m 58s)
- Useful Information for Employers (Part 4) (1m 57s)
FAQs
How do I save a copy of the e-Learning Guide?
Click on the download icon 
at the bottom left of the e-Learning module to save a copy of the e-Learning guide.