Singapore Enhances International Tax Training

by Mary Swire, Tax-News.com, Hong Kong

26 July 2011

Singapore's Minister of State for Finance and Transport, Josephine Teo, in her speech to the annual conference of the Tax Academy of Singapore, said that, as Singapore is home to a large number of multinational enterprises, it is vital that tax professionals have the skills to meet the challenges of an increasingly complex tax environment.

She pointed out that the Tax Academy was set up with the mission of raising the professional competency of the tax community, and developing Singapore into a regional tax knowledge hub. Prior to this, tax training resources were fragmented and smaller tax firms did not have sufficient access to good training programmes.

Given the intention to transform Singapore into a leading global accountancy hub, with the potential for it to be a regional centre of excellence in tax education and knowledge, she considered that the prospects for tax professionals in Singapore remain healthy. The Tax Academy, she added, “has taken a leading role in tax training and should continue to champion the development of tax expertise, especially in international tax.”

With the Tax Academy leading the development of the professional competencies for the tax industry, she was pleased to announce that it will launch a new Advanced Management Programme in International Tax in the first quarter of 2012.

The Advanced Management Programme will be the first comprehensive and structured executive international tax programme in Asia. It aims to draw participants from Singapore and beyond to attend. Teo was confident that “it will create greater opportunities for tax professionals from the region to benefit from a rigorous international tax programme.”

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