Reading Time: 6 minutesIntroduction The Income Tax Board of Review (“ITBR”) decision in the 2016 case of GBG v The Comptroller of Income Tax[1] (“GBG”) has shed some light on the conditions that must be fulfilled before the costs of debt may be deducted against taxable income. More importantly, it establishes the legal principle that whether expenditure is […]
Incorporation 101: How to form a Private Limited Company in Singapore
Reading Time: 7 minutesPrivate limited companies are by far the most popular business structure. According to the Department of Statistics, out of the 26,555 business entities formed in 2018, almost 70% were companies. Why is this business structure so popular, and how does one incorporate a private limited company? This guide will address the advantages of a private limited […]