The Inland Revenue Authority of Singapore has published an updated e-Tax Guide, Income Tax: The General Anti-Avoidance Provision and its Application (Second Edition). The guide has three main objectives: First, it sets out the approach adopted by the Comptroller of Income Tax (CIT) to the construction of the general anti-avoidance provision in section 33 of the Income Tax Act 1947 (ITA); Second, it provides some examples of arrangements that, in the CIT's view, have the purpose or effect of tax avoidance within the meaning of section 33(1) of the ITA. By providing examples, the e-Tax Guide aims to deter taxpayers...