The Institute of Chartered Accountants in England and Wales (ICAEW) and the Tax Academy Singapore (TA) have signed a Memorandum of Understanding (MoU) to enhance collaboration and professional development in the field of taxation. This strategic partnership, formalised by Azlina Bulmer, Interim International Director of ICAEW, and Dennis Lui, CEO of TA, seeks to strengthen Singapore’s talent pipeline and support its position as a competitive global business hub.
The partnership will provide Singaporean tax professionals with access to ICAEW’s world-leading expertise and resources, alongside TA’s industry-relevant programmes. These initiatives aim to bridge academic knowledge with real-world application, raising professional standards and advancing Singapore’s standing as a hub for thought leadership in taxation.
Azlina Bulmer highlighted the importance of the collaboration, stating, “Tax professionals serve all areas of business and public life and play a key role in shaping trust and inspiring confidence in economies.” Dennis Lui added that the partnership underscores TA’s vision to be a leading centre for tax education, reflecting their commitment to nurturing tax expertise.
Following the MoU signing, Dennis Lui participated in the ICAEW VAT Conference, where a Singaporean team presented their award-winning research on reforming the UK VAT system. This research provided a comparative analysis with tax systems in Singapore and New Zealand, offering insights into potential reforms for the UK.
This partnership marks a significant step in international collaboration, aiming to build a future-ready tax workforce in Singapore.
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