Interest-Free Loan to Directors of Companies

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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 →

Lodgement of RPGT Returns via e-Filing

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Do you know that you are now able to lodge your Real Property Gains Tax (RPGT) returns via e-filing? e-Lodgement of RPGT Forms 1A (disposal of real property) and 2A Continue Reading →

IRB Urg­ing More Peo­ple To Use Free e-Fil­ing Ser­vice

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It was reported in The Star newspapers yesterday that the Inland Revenue Board (IRB) is urging more people to use the free e-Filing service to file their income tax returns. Continue Reading →

Form CP 58 – Duty to Furnish Particulars of Payment Made to an Agent, Dealer or Distributor, etc.

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With effect from 1st January 2012, the new Section 83A of the Income Tax Act 1967 (ITA 1967) imposes the  responsibility to companies to issue a form CP 58 on any incentives (whether Continue Reading →

Deadline for Filing of Employer’s Return of Remuneration

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To all employers, just a friendly reminder that the deadline for filing of the Employer’s Return of Remuneration (Form E 2012) is almost here. The deadline for its filing is this Continue Reading →

Taxation Webinar for KC Lau

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I had the privilege of being asked by KC Lau www.kclau.com to be a speaker for one of his webinars. I was asked to share about the “Tax Issues Affecting Continue Reading →

Expenses Relating To Rental Of Real Property (Pt. 2)

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Having touched on the tax-deductible expenses, it is also important to know what expenses are NOT ALLOWABLE. Typically, initial expense is not allowed a deduction from income of letting of Continue Reading →

Expenses Relating To Rental Of Real Property (Pt. 1)

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The biggest grouse that a property owner has comes tax submission season will be the amount of taxes that he has to pay on his property rental income. He will Continue Reading →