The High Court of Singapore has dismissed an appeal by three private specialist doctors against a tax avoidance ruling by the Inland Revenue Authority of Singapore (IRAS), upholding the tax authority’s revised income tax assessments.

• Court Decision: The High Court upheld the earlier decision of the Income Tax Board of Review, allowing IRAS to tax income from the doctors’ medical and surgical companies under their individual names.
• Timeline: Following a tax audit, IRAS issued additional and amended income tax assessments covering the years of assessment 2013 to 2018 in October and December 2019.
• Arrangement Examined: The case involved the establishment of multiple medical and surgical companies through which the doctors paid themselves comparatively low salaries while receiving tax-exempt dividends and shareholder loans.

This summary is based on a news report published by Mothership.

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