Exams Digest – F6 Taxation (Singapore Variant)

theaccablog —  December 1, 2015 — Leave a comment

Exams Digest

Let’s move on to F6 Taxation (Singapore Variant) this week.

We will

  1. Explore some of the areas that could be examined
  2. Share insights from our local ACCA tutors on how you can better prepare for the examinations.

Areas that could be examined**

When preparing for this paper, it is important to take note of some of the following areas,

The Singapore Tax System and its Administration

  • Describe the purpose (economic, social etc) of taxation in a modern economy and the overall structure of the Singapore tax system.
  • Explain the circumstances in which the Comptroller can enquire into the tax affairs of taxpayers.

Individual Tax Liabilities

  • Explain how the residence of an individual is determined.
  • Recognise the factors that determine whether an engagement is treated as employment or self-employment and the tax implications thereof.
  • Distinguish between income receipts and capital receipts.

Corporate Income Tax Liabilities

  • Define the terms basis period and the year of assessment.
  • Distinguish between income receipts and capital gains.
  • Prepare a basic tax computation for a company involving the different types of income.

Goods and Services Tax

  • Describe the scope of GST.
  • Recognise the circumstances in which a person must register for GST.
  • Explain how GST is accounted for and administered.

Disclaimer: For more details on the areas that could be examined, please refer to the F6 Taxation Singapore (SGP) syllabus & study guide April 2016 to March 2017.

Insights from our ACCA tutors in Singapore

Let’s see what some of our tutors (from Platinum Approved Learning Providers) have to say on how you can improve your chances at scoring!

ACCA Tutor: Joanna Cheong, Kaplan Learning Institute Pte Ltd

“Once candidates are familiar with the tax rules at their fingertips, tackling questions with confidence and scoring decent marks will not be a mountain too high to climb.

Although Singapore tax rules are not difficult to comprehend, some awareness of the local bureaucracy systems can help candidates go a long way. For instance, it will be helpful if candidates have a brief understanding of how the social security system (Central Provident Fund) works in Singapore. Notwithstanding the above, candidates need to have good bookkeeping background since tax liabilities are computed using financial accounts as the starting point.

The introduction of MCQ format (30%) with effect from June 2015 exam diet, implies that candidates are expected to be familiar with the whole syllabus and not to question spot. Nonetheless, one will not go wrong with consistent learning and attempting past year papers frequently.”

ACCA Tutor: Yvonne Goh, London School of Business & Finance – Singapore

“Theory questions tends to be short and direct so please attempt.


  • Make sure you can identify partners items from business expenses paid to partners.
  • Make sure you understand the difference between adjusted and divisible profit.
  • Limited partners (Relevant deduction restriction) : applicable only if relevant deductions are set-off against other income, transfer and carry back.


  • Note that max cap of $400k per YA (or combined cap of $1.2m) is on a PER ACTIVITY basis.
  • Note that the max cap of $100k per YA for cash conversion is PER YA basis for ALL ACTIVITIES”

More study resources for F6 and other papers

Click here for more study resources for paper F6!

** These areas are described using verbs indicating what students may be required to demonstrate, and the broad intellectual level at which these may need to be demonstrated. (This is based on the F6 Taxation Singapore (SGP) syllabus & study guide April 2016 to March 2017.)


No Comments

Be the first to start the conversation!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s