LITT
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Def.
Lex-O-Pedia
Do Revenue-Sharing and Income-Assignment Structures on Leasehold Property Survive Tax Scrutiny?
A lessee lets a company operate from leased premises for a revenue share, then assigns the income to a partnership firm. Each step is lawful in isolation; together they invite recharacterisation as application of income, TDS disputes, GST mismatches and GAAR scrutiny.
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Buzz
Game of Skill or Game of Chance? Inside India’s Billion-Dollar Betting Loophole
Apr 05
·4 min read
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Singapore
Singapore Cement Manufacturing Co (Pte) Ltd v Comptroller of Income Tax [2023] SGHC 57
The court held that the cement silo was a building rather than a plant for the purposes of capital allowance under s 19A of the Income Tax Act, as its primary function was storage and housing.
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·14 min read
Singapore
Herbalife International Singapore Pte Ltd v Comptroller of Goods and Services Tax [2023] SGHC 54
The court held that the appellant's direct selling business model did not involve non-monetary consideration under s 17(3) of the GST Act, as the contractual obligations undertaken by members were merely terms of trade and not furnished in exchange for the supply of goods.
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·14 min read
Singapore
BRE v Comptroller of Income Tax [2018] SGHC 77
Income earned by a resident is taxable even if the resident did not have the requisite licence for the work, provided it does not offend public policy.
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·12 min read