This update analyses the recent decision of GIO v Comptroller of Income Tax [2024] SGITBR 1, where the Income Tax Board of Review decided that the realisation of quick profits from certain buy-sell real property transactions were income in nature under section 10(1)(g) of the Income Tax Act 1947, the “catch all” provision for gains of an income nature.

This update summarises the key developments in the antitrust and investment screening landscape in Singapore since the start of the year.

Companies — Incorporation of companies

Criminal Law — Offences ; Criminal Law — Abetment

<For members only> In this second Criminal Justice Forum, Justice Aedit Abdullah will deliver a keynote address on the evolving disclosure obligations by the Prosecution. A panel discussion will also explore topics which includes court expectations regarding discovery obligations and unused disclosed evidence by the Defence. 

A proposed constitutional amendment in Malaysia, aimed at addressing issues faced by foreign-born children of Malaysian women with non-citizen husbands, has been challenged by the Development of Human Resources for Rural Areas (DHRRA), an advocacy group assisting stateless persons.

The Monetary Authority of Singapore said it will closely monitor DBS’ progress on the remaining deliverables and the effectiveness of the measures implemented.

45-year-old laundered a total of $36m, the most among five people convicted thus far.

The children from his previous marriage were so underfed that they ate their own faeces.