Tax Planning for Interest-Free Loan to Directors

members-only post

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 →

Interest-Free Loan to Directors of Companies

Image courtesy of watcharakun at FreeDigitalPhotos.net

Recently, I was trying to explain to a potential client about the tax implications of giving interest-free loan to directors of companies.┬áHe in turn replied, “What’s the big deal about Continue Reading →