Books / ISCA TX / 03
Explore original pages from Volume 1, Concepts & Worked Examples, and follow the structure of a Singapore tax computation.
What changes between accounting profit and taxable income, and why?
Volume 1 · Understand the computation
See how tax rules fit into a complete computation, with explanations of what changes at each stage and why.
The selection includes personal and corporate tax frameworks, capital allowances and the corporate computation waterfall.
This PDF reproduces selected pages from the book. Original page numbers are retained, so they are not consecutive. Open the sample in a new tab or download it to read offline.
A place to begin
Start with the corporate tax framework on original page 50. Follow the movement from accounting profit to taxable income and ask what each adjustment is doing. Some items reverse an accounting treatment. Others separate sources of income or apply a deduction at the appropriate stage.
Then read the accompanying explanations and worked examples. The aim is to understand where a rule belongs in the computation before attempting a complete answer on your own.