New S'pore income tax guide launched

THE latest edition of the most comprehensive reference book on income tax in Singapore has just been launched, and it weighs a whopping 6kg.

The Law and Practice of Singapore Income Tax, Second Edition has over 2,700 pages - more than twice the size of the inaugural edition - and spans a wider range of income tax issues.

The new and expanded chapters include interpretation of tax treaties and managing supply chains to make them more tax-efficient.

Tax professionals and businessmen will find information on analysing income tax filing, ethics in taxation, and sector-specific chapters on banking and insurance.

Launched by LexisNexis Singapore yesterday at The Asian Civilisations Museum, the reference book has contributions from 55 top tax professionals.

Mr Pok Soy Yoong, lead technical editor and project leader of the reference book, said: "This is a one-of-its-kind private-public- academic sector collaboration.

"Our 55 authors wrote with the clear aim of providing depth and breadth on their subject matters, creating a living legacy for the tax community to be proud of."

The hot button issue of cross- border tax evasion is also covered in the reference book, which looks at how tax authorities around the world are moving towards greater transparency in the exchange of information to curb the problem.

The reference book - jointly supported by the Inland Revenue Authority of Singapore (Iras) and the Tax Academy of Singapore - costs $499.69 and is available at www.lexisnexis.com.sg/store

Sixty copies of the book autographed by two of the technical editors will be sold at the same price, with 20 per cent of the proceeds to be donated to Viva Foundation for Children with Cancer.

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