The Prime Minister of Malaysia said last night that Real Property Gains Tax (RPGT) of 5% announced during the 2010 Budget will only apply to property sold less than 5 years from its purchase. The Prime Minister also announced that hotels undertaking additional...
An article I read from The Star, Tuesday December 22, 2009:- “Tax Insights – By Kang Beng Hoe WHEN the Finance Minister introduced Budget 2010 in October, he surprised many and disappointed some with his tax measures. Those who were expecting an an...
A very useful article I have read from Biznews section, New Straits Times, Saturday, December 12, 2009 on implementation of Goods and Services Tax (GST) in Malaysia:- “GST – main compliance requirements By Chew Theam Hock and Tan Eng Yew BASED on recent an...
A good article on Windfall Tax Imposed On Palm Oil in Malaysia: #url# ...
A good article I have read today on how to determine tax deductibility of entertainment expenses in Malaysia on the Star newspaper ”Tuesday December 8, 2009 How to deduct entertainment tax from income tax RSM EYE – By Lee Voon Siong To determine deduct...
CHANGE IN ACCOUNTING POLICY – MEASUREMENT OF STAGE OF COMPLETION FOR CONTRACT WORK Prior to 1 July 2008, where the outcome of a construction contract can be reliably estimated, contract revenue and contract costs are recognised as revenue and expenses respec...