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New Tax Treatment for Cash Collateral in Security Lending & Derivative Transactions
Effective from 1 April 2025, Commissioner of Inland Revenue has changed its stance on cash collateral. Previously, cash collateral used in security lending and derivative transactions was not considered a loan, meaning interest payments on it were not subject to Resident Withholding Tax (RWT) or Non-Resident Withholding Tax (NRWT). However, the Commissioner now views cash…
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Understanding IFRS 2: Share-Based Payments
Share-based payments, such as stock options and performance-based shares, have become a key part of employee compensation and business transactions. But how should companies account for them? IFRS 2: Share-Based Payment, the accounting standard that ensures transparency in financial reporting! What is IFRS 2? IFRS 2 governs how businesses recognize and report share-based payments in their…
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GST Input Tax Deductions & Taxable Activity: TDS 25/05 Summary
IRD has recently issued a Technical Decision Summary TDS 25/05 In this case, a GST-registered company (the “Taxpayer”) owned land leased to a shareholder. After selling the land, the company ceased making taxable supplies but remained GST-registered. Legal fees were incurred in defending shareholder disputes over alleged financial irregularities. Several years later, the company claimed…





















