Taxing 'All Other Income' in Singapore and Malaysia

(2019) 19(2) Oxford University Commonwealth Law Journal 204-226

Singapore Management University School of Law Research Paper No. 36/2019

21 Pages Posted: 16 Aug 2019 Last revised: 2 Jul 2020

See all articles by Vincent Ooi

Vincent Ooi

Singapore Management University - School of Law; Singapore Management University - Centre for AI & Data Governance

Date Written: September 1, 2019

Abstract

Section 10(1)(g) of the Singapore Income Tax Act is a ‘sweeping-up’ provision which catches all income not falling under sections 10(1)(a)-(f). More than 50 years after its introduction, the application of section 10(1)(g) is still unclear despite the test laid out in IB v CIT. This article notes that the current jurisprudence is limited to cases involving gains or profits from the disposal of assets. It argues that the reliance on the Australian Myer Emporium test in IB v CIT was misplaced and that the section 10(1)(g) test should not have a sole focus on intention. Rather, it proposes a set of indicia of income drawn from the Badges of Trade, which it argues to be consistent with the existing jurisprudence. The article highlights that the tax consequences of receipts being assessed under sections 10(1)(a) or (g) are different and notes the importance of the receipts being assessed under the correct subsection.

Keywords: Tax Law

Suggested Citation

Ooi, Vincent, Taxing 'All Other Income' in Singapore and Malaysia (September 1, 2019). (2019) 19(2) Oxford University Commonwealth Law Journal 204-226, Singapore Management University School of Law Research Paper No. 36/2019, Available at SSRN: https://ssrn.com/abstract=3436550

Vincent Ooi (Contact Author)

Singapore Management University - School of Law ( email )

55 Armenian Street
Singapore, 179943
Singapore

HOME PAGE: http://vincentooi.com

Singapore Management University - Centre for AI & Data Governance ( email )

55 Armenian Street
Singapore
Singapore

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