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This seminar is intended to inform individual taxpayers and tax practitioners on the income that is required to be declared in the income tax return, any allowable deductions which can be claimed and any return attachments to be prepared and filed together with the tax return, based on the personal status of the taxpayer.
The seminar will focus on:
• the basis of personal taxation (worldwide vs source of remittance)
• the concepts of residence, ordinary residence and domicile
• different types of income which need to be reported in the tax return
• deductible expenses and available tax credits
• computation of taxable income and tax payable or refundable
• deadlines for submission of the tax return and payment of any tax due