You will review and approve the tax computation done by the tax executive.
You will be filing the Estimated Chargeable Income and tax returns, both for Corporates and Individuals to IRAS.
Individual Tax
You prepare personal tax computation 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.