Precedent Setting Income Tax Board of Review Appeal on the Taxation of Sale Related Payments

Rajah & Tann Singapore, a member firm of Rajah & Tann Asia, successfully represented two senior executives of ZDRA Pte Ltd in a precedent setting appeal before the Income Tax Board of Review concerning the tax treatment of S$24.95 million in payments received under a corporate sale transaction. Partner Adrian Wong continues to lead the matter, together with Partner Ang Leong Hao, both from the Commercial & Corporate Disputes Practice, in related proceedings.