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help needed on singapore tax laws

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  • help needed on singapore tax laws

    Hi, I need some help with the following question with regards to my module. Anyone familiar with Singapore tax law.

    JOB Pte Ltd, a company tax resident in Singapore, appointed you as a tax advisor to handle all tax affairs of the company with immediate effect. Upon going through the prior years’ tax returns, you discovered the following errors:

    a) In arriving at the tax payable for the Year of Assessment 2003, the previous tax agent did not take into account the tax losses brought forward from the Year of Assessment 2002 of S$1 million.

    How would you advise the Company?
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