Income Tax – Revised e-Tax Guide on Tax Deduction for Borrowing Costs other than Interest Expenses


On 18 August 2014, IRAS published the second edition of the e-Tax Guide on Tax Deduction for Borrowing Costs other than Interest Expenses.

The revision is made to expand the list of deductible borrowing costs to allow a deduction of amendment fees, front-end fees, and back-end fees as qualifying borrowing costs with effect from Year of Assessment 2014 (paragraph 4.2 refers).

If you have any questions regarding the above, please contact us at support@whm-consulting.com.

 

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