Corporatisation of Professional Practices - A Recent Update on Tax Issues

It is common practice among high-earning professionals such as Doctors and Dentists to incorporate a Singapore company (or companies) under which they will provide their services. While using a company carries with it a number of commercial benefits for the business, it can also often lead to a reduction of the overall tax liability for the professional. In this issue of tax alert, we take a closer look at the legislation on this and a recent case decision to provide an insight into the current views of the Singapore tax authorities in this area. Download the tax alert to learn more.