{"id":942,"date":"2019-01-17T15:19:02","date_gmt":"2019-01-17T07:19:02","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=942"},"modified":"2019-04-08T07:28:49","modified_gmt":"2019-04-07T23:28:49","slug":"e-tax-guide-tax-deduction-for-borrowing-costs-other-than-interest-expenses","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2019\/01\/17\/e-tax-guide-tax-deduction-for-borrowing-costs-other-than-interest-expenses\/","title":{"rendered":"IRAS e-Tax Guide: Tax Deduction for Borrowing Costs Other Than Interest Expenses"},"content":{"rendered":"\n<p>On or about 15 January 2019, the Inland Revenue Authority of\nSingapore (IRAS) has published the third edition of e-Tax Guide: Tax Deduction\nfor Borrowing Costs Other Than Interest Expenses. It replaces the second\nedition which was published on 18 August 2014. <\/p>\n\n\n\n<p>This e-Tax Guide aimed to provide the scope of tax deduction\nfor borrowing costs (other than interest expenses) which are incurred as a\nsubstitute for interest expense or to reduce interest costs and details of such\nborrowing costs that will be granted tax deduction.<\/p>\n\n\n\n<p>The following updates and amendments have been made:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Paragraphs 4.3 to 4.6 have been updated to provide greater clarity on how deduction for front-end fees should be claimed.<\/li><li>Paragraph 4.3 has been updated as the administrative concession has been removed and replaced with the tax treatment for interest expense incurred on loans to re-finance earlier loans or borrowings.<\/li><li>Paragraphs 4.4 to 4.6 have been added to provide details on the documents that taxpayers should maintain in order to support their claim for such deductions.<\/li><li>Footnotes 2 and 3 have been updated with references to the new provisions and e-Tax Guide relating to FRS 109.<\/li><\/ul>\n\n\n\n<p>Source: <em>IRAS<\/em>, 15 January 2019<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On or about 15 January 2019, the Inland Revenue Authority of Singapore (IRAS) has published the third edition of e-Tax Guide: Tax Deduction for Borrowing Costs Other Than Interest Expenses. It replaces the second edition which was published on 18 August 2014. This e-Tax Guide aimed to provide the scope of tax deduction for borrowing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,6],"tags":[],"class_list":["post-942","post","type-post","status-publish","format-standard","hentry","category-incometax","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=942"}],"version-history":[{"count":2,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/942\/revisions"}],"predecessor-version":[{"id":970,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/942\/revisions\/970"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=942"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}