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.
Corporate Income Tax
Learn about the Corporate Tax Filing Obligations of your company.
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.
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.
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.
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.
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.
Renovation or Refurbishment (R&R) Works (6m 20s)
Section 14Q of the Income Tax Act 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.
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.
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.
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.
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.
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!
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.
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.
As a commission agent, learn how to improve on record-keeping for your business.
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.
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 22s)
Video 2: Common GST Errors on Output Tax – Sale/disposal of business assets & Trade-in transactions (Part 2) (3m 29s)
Video 3: Common GST Errors on Output Tax – Property transactions (Part 3) (3m 53s)
Video 4: Common GST Errors on Output Tax – Sale of goods to overseas customers & Exports (Part 4) (3m 53s)
Video 5: Common GST Errors on Output Tax – Services provided to overseas customers (Part 5) (3m 19s)
Common Input Tax Errors:
UPDATES - Since the publication of this series of videos, please take note of the following changes affecting input tax claims:
- Changes to the input tax claiming rules for medical expenses and the cost and running expenses incurred on motor cars; and
- The increase of GST rate from 7% to 8% with effect from 1 Jan 2023.
Do keep these in mind when watching this series of videos on Common Input Tax Errors.
Video 1: Common GST Errors on Input Tax – Claims not supported with valid documents (Part 1) (4m8s)
Video 2: Common GST Errors on Input Tax – Claims that need to be apportioned (Part 2) (3m58s)
Video 3: Common GST Errors on Input Tax – Claims made despite being disallowed under the law (Part 3) (3m10s)
Video 4: Common GST Errors on Input Tax – Claims made in the wrong accounting period (Part 4) (3m22s)
Seminar on Singapore’s Overseas Vendor Registration regime (42m 34s)
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 5s)
(b) For overseas vendors, electronic marketplace operators and redeliverers (48m 9s)
GST Rate Change
Preparing for GST rate change on 1 Jan 2023 (40m)
GST will be raised from 7% to 8% with effect from 1 Jan 2023. This educational video covers the basics of what you need to know and do to be ready for the rate change on 1 Jan 2023.
Should Your Business Register for GST? [For non-GST registered businesses] (48m 44s)
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.
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)
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 (Part2) (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)
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.