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Interest-Free Loan to Directors of Companies
Image courtesy of watcharakun at FreeDigitalPhotos.net Recently, I was trying to explain to a potential client about the tax implications of giving interest-free loan to directors of companies. He in...
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Image may be NSFW.
Clik here to view.
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Tax Planning for Interest-Free Loan to Directors
Following from my post on Interest-Free Loan to Directors of Companies, I explained how the Inland Revenue Board (IRB) can invoke Section 140 of the Income Tax Act 1967 to tax the company on the...
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