“Knowing where to knock.” I know that is a weird title for a post in a blog dealing with taxation, but it relates to an issue faced by us tax Continue Reading →
Following from my post on Interest-Free Loan to Directors of Companies, I explained how the Inland Revenue Board (IRB) can invoke Section 140 of the Income Tax Act 1967 to Continue Reading →
Recently, I was trying to explain to a potential client about the tax implications of giving interest-free loan to directors of companies. He in turn replied, “What’s the big deal about Continue Reading →