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9 Apr 2019

381,979 taxpayers had voluntarily disclosed their previously undeclared income to the Inland Revenue Board (IRB) under the Special Programme for Voluntary Disclosure (SPVD). In response to such an encouraging response from the taxpayers, the IRB has ext...

4 Apr 2019

 S.140C has been added to Income Tax Act 1967 to restrict interest deduction where an entity is excessively debt funded by a related party. The restriction is introduced to address the tax planning trick by which profit is being shifted between related...

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