TAX planning is the legitimate right of any taxpayer to manage and minimise taxes within the legal framework. The tax legislation is very specific, and it clearly lays out what income or capital or transactions should be brought to tax. Anything outside the ambit of...

REAL property transactions are subject to various taxes such as income tax, real property gains tax, and stamp duty. In the past, goods and services tax (GST) was also applicable on transactions involving commercial properties. To bring the real property transactions...

THERE is a general assumption among taxpayers, once the goods have been exported/imported, their responsibilities have been discharged and there will not be any review of this matter by Customs at a later date. This is not correct. Customs are frequently reviewing...