The Inland Revenue Authority of Singapore has published a revised e-Tax guide that explains the tax deduction granted under section 14Q of the Income Tax Act (ITA) for capital expenses incurred by taxpayers for renovation or refurbishment works done to their business premises. Such capital expenses are generally not permissible deductions under the ITA unless specific provisions are made to allow them, such as section 14Q, which provides for a deduction up to an expenditure cap of SGD 300,000…