Publication Type
Journal Article
Version
publishedVersion
Publication Date
1-2023
Abstract
Incorporation of personal service companies provide tax and non-tax advantages. With the introduction of a tax avoidance surcharge in Singapore, incorporation for non-tax advantages risks additional “tax costs” if challenged by the revenue authorities, introducing uncertainty and litigation costs. Instead of relying on a GAAR, targeted measures should restrict tax advantages to the first company incorporated by each individual taxpayer.
Keywords
Personal service companies, Singapore, Tax avoidance, Tax planning
Discipline
Asian Studies | Tax Law
Research Areas
Corporate, Finance and Securities Law
Publication
The Company Lawyer
Volume
44
Issue
2
First Page
59
Last Page
65
ISSN
0144-1027
Publisher
Sweet and Maxwell
Citation
OOI, Vincent and CHEONG, Ben Chester.
Personal service companies and the tax avoidance surcharge in Singapore. (2023). The Company Lawyer. 44, (2), 59-65.
Available at: https://ink.library.smu.edu.sg/sol_research/4182
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