Following the 2018 Budget announcement and pursuant to Section 140C of the Income Tax Act 1967 [“the Act”], the Income Tax (Restriction on Deductibility of Interest) Rules 2019 has recently been gazetted to restrict the deduction of interest expense in connection with or on any financial assistance in a controlled transaction, also known as “ESR”.
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The Finance Act 2018 and various Orders were gazetted recently. Selected changes are highlighted below for your attention.
This Budget analysis provides details on various tax measures that were announced in the 2019 Budget speech.
Indirect taxation is still evolving, and an arguable simple tax is growing in its complexity and application as a traditional goods and services model is replaced with digital content; virtual consumption and seamless international trade flows. But how can you stay ahead?.
This Budget analysis provides details on various tax measures that were announced in the 2018 Budget speech.
Recap of the New Tax Reliefs / Increases in Tax Relief for Individuals for the Year of Assessment 2016.
This Budget analysis provides details on various tax measures that were announced in the 2017 Budget speech.
Indirect taxation is becoming ever more complicated, varied between jurisdictions and prone to government tinkering. With some of the biggest tax reforms occurring within indirect tax, getting on top of the complexity and change is vital.
Grant Thornton can provide guidance and assistance to identify the GST risks and subsequently your business can prepare remedial measures to mitigate the GST risks.
The world is changing. The financial crisis emphasised the extent to which financial systems are connected globally. This interconnectedness not only brings greater prosperity, but also greater concentrations of systemic risk.