Deduction of Interest and Other Borrowing Costs in Singapore: A Review of the Principles Set Out in Three Recent Court of Appeal Decisions

Journal
Poh, E.H.
Singapore
Asia-Pacific Tax Bulletin 2014 (Volume 20), No. 6
PriceUSD 45

Three recent Court of Appeal cases have cleared up the uncertainty previously surrounding the deduction of interest and other borrowing costs in Singapore. This article gives a brief overview of the cases and reviews the principles underlying the deduction of such costs following from these cases as well as the issues previously in dispute that have since been resolved.