Changi Airport Group's $273 million runways and taxiways investment tax break appeal gets denied by

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

SINGAPORE: The High Court dismissed Changi Airport Group’s appeal for a tax break on $273 million infrastructure, including runways and taxiways.

The judgment, delivered by Judge Choo Han Teck, reaffirms the Comptroller of Income Tax’s earlier decision to deny capital allowances on these assets, classifying them as “structures” rather than “tools of trade.”

CAG’s expenditures for the assets in question totalled $272,575,162. CAG and the Comptroller agreed that the purpose of the runways and taxiways was to ensure the safe landing, takeoff, and taxiing of aircraft. Judge Choo noted that while these runways and taxiways are integral to airport operations, their primary function as structures outweighed any operational or navigational support role they may provide to the aerodrome.The court’s focus, Judge Choo clarified, was on the assets’ structural purpose rather than their operational importance in CAG’s business.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités