Amendments
The webpage has been updated with the following changes:
• Added “Withholding Tax” as an upcoming area of focus for compliance.
• Updated “Claiming of Private or Non-Deductible Expenses” to incorporate information on expenses incurred by family-owned companies.
• Added “Digital Economy” and “Deductibility of Interest Expenses and Borrowing Costs” as ongoing areas of focus for compliance.
• Removed “Group Relief Claims” and “Tax Exemption for Foreign-Sourced Dividends” from ongoing areas of focus for compliance.
• Updated “Related Party Services Not Priced at Arm’s Length” to incorporate information on the costs which must be considered in computing service fees charged to related parties and section 34E surcharge which is applicable from Year of Assessment 2019 onwards.
• Added “Investment Dealing Company” as a specific compliance-related mistake and issue.
