Frankie L C Tan

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FTC Corporate & Tax Advisory Pte Ltd (“FTC”) director, Frankie L C Tan, has been made an Accredited Tax Advisor (income tax) as well as Accredited Tax Advisor (goods and services tax) by the Singapore Institute of Accredited Tax Professional (SIATP) in September 2010. The SIATP is a separate professional body established by the national body the Institute of Singapore Chartered Accountants (formerly the Singapore Institute of Certified Public Accountants of Singapore) in partnership with the Tax Academy of Singapore. SIATP enjoys strong support from the Inland Revenue Authority of Singapore.

Frankie Tan is a Fellow of the Institute of Chartered Accountants in England and Wales and an associate member of the Singapore Academy of Law. He holds a Master of Law from the University of Queensland and a post-graduate Diploma in Business Law from the National University of Singapore. He has appeared as an accounting expert witness before the Singapore High Court (Merteks Pte Ltd v Straits Engineering Contracting Pte Ltd – [1995] SGHC 28; [1996] 1 SLR 227). He has also conducted an investigation into their affairs of a shipping group which was being wound up on a Court Order under the Singapore Companies Act, in 1980.

His areas of specialised interest are in advising clients on tax appeals, tax rulings, and tax submissions to tax authorities and tax tribunals on tax issues where there is uncertainty in the tax provisions or in the application of tax rules and regulations. He has particularly assisted multinational clients on applications with the Economic Development Board for tax incentives under the Income Tax Act and the Economic Expansion Incentives (Relief from Income Tax) Act.

FTC has represented clients to obtain tax rulings on the carrying forward of unutilised tax losses and unused capital allowances against future years’ taxable income; the taxation of gains on employees’ share options; the liability to register for GST by foreign contractors; the application of GST to and the taxation of specialised industries, the taxation of foreign income; and the tax liabilities of foreign permanent establishments in Singapore.