ISCA Budget & Tax Conference 2022

Past Budget Update Seminar

Highlights of Budget Update Seminar 2021



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BlackLine automates complex, manual & repetitive accounting processes & enables companies to move beyond the legacy record-to-report process.

No matter your role in the accounting department, your job is challenging. You might be responsible for preparing reconciliations, recording journal entries, and validating data or reports, or managing a team of overworked, underutilized people working across disparate systems, processes, and spreadsheets. Or maybe, you close the month with a pit in your stomach, thinking, 'maybe I should check one last time' before signing off on your financial statements. Substantiating balance sheet accounts and delivering trusted financials doesn't have to be a brute force finish that leaves you wondering what you missed. BlackLine helps organizations of every size transform their month-end close by streamlining, standardizing and automating account reconciliations.








Xero is a cloud-based accounting software platform for small businesses with over 3 million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device. Xero offers an ecosystem of over 1000 third-party apps and 300 plus connections to banks and other financial partners. 

In 2021, Xero was named “Innovator of the Year - Accounting Technology’' by the Singapore Business Review in their Management Excellence Awards 2021 and “2021 Asia-Pacific SME Accounting Software Vendor of the year” by Frost & Sullivan.







Alteryx, the Analytics Automation company, is focused on enabling every person to transform data into a breakthrough. Alteryx unifies analytics, data science and business process automation in one, end-to-end platform to accelerate digital transformation and shape the future of analytic process automation (APA). Organizations of all sizes, all over the world, rely on Alteryx to deliver high-impact business outcomes and the rapid upskilling of their modern workforce. For more information visit




Confirmation helps you, your auditors and bankers confirm sensitive financial data quickly and securely.

Confirmation invented electronic confirmation 20 years ago, reshaping the audit confirmation process to make it faster, more efficient and secure. We are now a leading provider of online audit confirmation services. Today, Confirmation helps 1.5 million users across 170 countries confirm more than $1 trillion in financial data every year, as in bank confirmation, legal confirmation, AR/AP confirmation, and asset verification, among others. Our global digital platform is trusted by audit firms, banks, law firms and credit managers all around the world to verify financial data quickly and securely.  Go paperless and move online to Confirmation now.





Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories.

Learn how Deloitte’s more than 345,000 people worldwide make an impact that matters at

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.


EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit


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Ingenique’s flagship SentroWeb is now Pre-Approved AML/CFT Screening Solution for SMEs GO DIGITAL, with up to 80% grant available until 31 Mar 2022.  

Ingenique Solutions is the leading Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT) solution providers.  We are a partner of Dow Jones for AML screening, which is a top provider in AML data source.  Dow Jones database (includes Factiva data) covers worldwide more than 33,000 sources with more than 3 million profiles of blacklisted individuals and entities, and Politically Exposed Persons (PEP), criminals, and local adverse media.  It is trusted by major global banks and regulators.  More than 1,600 clients in Singapore and globally, from the public accounting, company secretarial, legal, real estates, precious stones/metals industry use SentroWeb to comply with the AML/CFT regulatory requirements.  Contact us at +65 – 6929 8340, or visit





Founded in 1999, KNAV is a full-service global accounting and consulting firm, that offers a complete suite of services including assurance, taxation, valuation, transfer pricing, accounting advisory and business advisory services. Over the tenure of 20 years since our establishment, we are honoured to have won numerous accolades and awards for our exceptional client service.

Today, KNAV is an international organisation comprising more than 200 professionals in 6 countries: Singapore, United States, Canada, United Kingdom, Netherlands and India. KNAV is also part of the 2nd largest accounting firm association – Allinial Global which enhances our capabilities to deliver seamless quality service for our clients.

With our growing focus on Asia Pacific region, KNAV is committed to developing our practice in Singapore through partnerships and collaborations and we will continue to provide the best professional services to our clients.

You may write to us at or visit us at






KPMG operates as an international network of member firms offering audits, tax and advisory services. We work closely with our clients to mitigate risks and grasp opportunities.

Our firms' clients include business corporations, governments and public sector agencies and not-for-profit organizations. They look to us for consistent standards of service based on high order professional capabilities, industry insights and local knowledge.

KPMG member firms can be found in 153 countries and territories. Collectively we employ 207,000 people across a range of disciplines.








At PwC, our purpose is to build trust in society and solve important problems. We're a network of firms in 155 countries with over 284,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at


SAP® Concur® is the world’s leading brand for integrated travel, expense, and invoice management solutions, driven by a relentless pursuit to simplify and automate these everyday processes. The highly-rated SAP Concur mobile app guides employees through business trips, charges are directly populated into expense reports, and invoice approvals are automated. By integrating near real-time data and using AI to analyze transactions, businesses can see what they’re spending, improve compliance, and avoid possible blind spots in the budget. SAP Concur solutions help eliminate yesterday’s tedious tasks, make today’s work easier, and support businesses to run at their best. Learn more at or the SAP Concur blog.

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UiPath has a vision to deliver the Fully Automated Enterprise™, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.



Wolters Kluwer is a global leader in professional information and software solutions for tax and accounting. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.

The group serves customers in over 180 countries and operates in over 40 countries, including Singapore. Our Asia Tax Planning & Compliance is an online tax database and advisory tool that combines the breadth of taxation information of 14 countries in Asia with deep knowledge of local tax laws and expertise.
For more information, visit



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Opening Address by ISCA



2022 Budget Update and its Tax Implications

Grasp the key highlights of the Budget 2022 and its impact on companies and individuals.

Speaker: Prof Sum Yee Loong, FCAProfessor of Accounting (Practice), Singapore Management University (SMU)


Economic Outlook and Analysis of 2022 Budget

What can businesses expect in the year ahead? Gain insights into the economic trends and developments from our guest speaker.
Speaker: Mr Suan Teck Kin, Head of Research, Executive Director, Global Economics and Markets Research, United Overseas Bank (UOB)




Panel Discussion: Budget 2022 on the Red Dot

How will the Budget help you and your businesses manage the near-term challenges and long-term needs? Hear views and obtain clarification on the Budget 2022 in the panel discussion.


  • Mr Chris Woo, Board Member, Singapore Chartered Tax Professionals, Accredited Tax Advisor (Income Tax)


  • Prof Sum Yee Loong, FCA, Professor of Accounting (Practice), Singapore Management University (SMU)
  • Mr Suan Teck Kin, Head of Research, Executive Director, Global Economics and Markets Research, United Overseas Bank (UOB)
  • Mr Ang Yuit, Vice President (Strategies, Development & Digitalisation), Association of Small & Medium Enterprises (ASME)
  • Mr Lee Pak SingAssistant Chief Executive Officer, Enterprise Singapore


Relevance of Tax Governance, Risk Management and Controls for Corporate Tax and GST Compliance in Singapore

Tax authorities around the world are implementing initiatives and placing greater emphasis on the importance of tax governance and tax risk management in facilitating tax compliance. Businesses are keenly aware and are proactively working with stakeholders to embed tax risk management as an integral part of an organisation's broader corporate governance.

A good tax governance and tax risk management are essential elements of good corporate governance. In this session, IRAS will share two new voluntary compliance initiatives to guide taxpayers who are willing to commit to good tax governance practices.


  • Mrs Low-Chua Pik Sim, Tax Director, Corporate Tax Division, IRAS
  • Ms Lee ImmTax Director, Goods and Services Tax Division, IRAS
  5.00pm GST Hike - Getting ready for January 2023, today

Speaker: Mr Richard Mackender, Indirect Tax Leader, Deloitte Singapore and Asia Pacific

  6.00pm  End of Conference

*Programme details are subject to change


Ang Yuit

Mr Ang Yuit

Vice President
(Strategies, Development & Digitalisation)

Association of Small & Medium Enterprises

Lee Imm

Ms Lee Imm

Tax Director, Goods & Services Tax Division

Inland Revenue Authority of Singapore

Lee Pak Sing

Mr Lee Pak Sing

Assistant Chief Executive Officer,

Enterprise Singapore


Low-Chua Pik Sim

Mrs Low-Chua Pik Sim

Tax Director, Corporate Tax Division

Inland Revenue Authority of Singapore

Richard Mackender

Mr Richard Mackender

Indirect Tax Leader

Deloitte Singapore and Asia Pacific

Suan Teck Kin

Mr Suan Teck Kin

Head of Research, Executive Director, Global Economics and Market Research

United Overseas Bank (UOB)

Prof Sum photo

Prof Sum Yee Loong

Professor of Accounting (Practice),

Singapore Management University (SMU)

Chris Woo

Mr Chris Woo

Board Member, Singapore Chartered Tax Professionals;

Accredited Tax Advisor
(Income Tax)





Important Notice: In view of the COVID-19 situation and to minimize the risk of community spread, we would like to inform that we have changed the format of the seminar to a live webinar. The live webinar will be web-based and accessible via desktops, laptops and any other mobile devices. For all registrants, a detailed set of instructions on how to access the webinar will be sent before the start of the live webinar