Posted on August 2nd, 2011 by
kclim in
Income Tax
An article on a tool used by Inland Revenue Board to catch tax cheats – Capital Statement, on the Star newspaper, Tuesday August 2, 2011:- “How tax cheats get caught – By Kang Beng Hoe THE term tax cheat used here refers to the determined tax...
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Tagged As: capital statement, income tax, method to catch tax cheats, tax evasion
Posted on January 21st, 2011 by
kclim in
Income Tax
A good article I have read today on income tax treatment of non-executive directors of companies on The Star newspaper The Star, starbiz, Wednesday January 19, 2011 Did you know non-executive directors are a special group of taxpayers? Tax Insights – By ...
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Tagged As: benefit in kind, director tax treatment, income tax on directors, tax on perquisites
Posted on December 9th, 2009 by
kclim in
Income Tax
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...
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Tagged As: deductibility of entertainment expenses, entertainment tax deduction, example of tax deductible entertainment expenses, how to cut entertainment tax
Posted on November 26th, 2009 by
kclim in
Income Tax
SINGLE TIER TAX SYSTEM 1) INTRODUCTION Prior to 1 January 2008, Malaysia adopted the imputation system which required the imposition of tax on the profit at corporate level and again at shareholders level. The principle behind the imputation system is to overc...
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Tagged As: Income tax malaysia, section 108 tax credit, single tier system, Single Tier Tax Sytem, Transition form section 108 tax credit to single tier system