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The year 2025 saw a series of significant tax decisions across a wide spectrum of issues, from capital allowances and qualifying debt securities to anti-avoidance, concessionary tax regimes and the characterisation of employment income.
Why did these disputes arise? What principles did the courts and the Income Tax Board of Review emphasise? How will these decisions shape tax positions, advisory approaches and future controversies?
The team from Baker & McKenzie.Wong & Leow is back once again to dissect the key tax cases from the year before. Join Accredited Tax Advisor (Income Tax) Mr Allen Tan, Principal, Mr Jeremiah Soh, Principal, Mr Shawn Joo, Senior Associate and Mr Clinston Chiok, Associate, as they unpack the reasoning adopted by the courts and the Board and highlight the practical implications for taxpayers and advisers.
Gain clarity on what these rulings mean for you and your clients in the year ahead.
- Understand the Appellate Division of the High Court’s application of the ZF factors in Changi Airport Group v CIT on whether assets qualify as “plant or machinery” or “building or structure” under Section 19A
- Examine the General Division of the High Court’s interpretation of a debt restructuring under the Qualifying Debt Security scheme in Modernland Overseas v CIT and another matter
- Analyse when gains from non-performing loans constitute trade or business income in GIQ v CIT
- Consider the interpretation of the Financial Sector Incentive Regulations in GIR v CIT
- Explore the application of Section 33 anti-avoidance provisions in GIS and others v CIT
- Consider the characterisation of payments as employment income under Section 10(1)(b) in UZF and another v CIT
SCTP reserves the right to vary any aspect of the event/ webinar should the situation warrant or due to unforeseen circumstances. This includes but not limited to the following: cancel the programme, change the venue, speakers, programme dates, fees and CPE hours. SCTP will take reasonable effort to notify participants of the changes.