Sample Disclosure – Principal Activities [continuing and discontinued operations] (27 January 2011)

Principal Activities The principal activity of the Company is investment holding and its subsidiaries are primarily engaged in the manufacture and sale of chilli sauce, bottles and containers manufacturing and packaging and the provision of management services...

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Article On Income Tax Treatment Of Non-Executive Directors (19 January 2011)

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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Sample Disclosure – Exemption From The Requirement Of The Financial Year End Of New Subsidiaries To Coincide With That Of The Holding Company In Directors’ Report (12 January 2011)

Exemption from the requirement of the financial year end of new subsidiaries to coincide with that of the holding company Pursuant to Section 168 of the Companies Act, 1965, the financial year end of the Company’s two newly acquired foreign subsidiaries, ABC...

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We Don’t Need The GST To Boost Revenue (24 December 2009)

Interesting points raised in the Star Newspaper (VIEWS section,  N53) on 24 December 2009 opposing the implementation of the Goods and Services Tax (GST) in Malaysia:- “We don’t need the GST to boost revenue The additional RM1bil revenue said to be derive...

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News Report On Moves To Curb Abuse Of GST (24 December 2009)

Reported in the Star Newspaper (NATION section, N6) on the Government’s move to introduce measures to curb abuse of Goods and Services Tax (GST) that is to be implemented in Malaysia on 24 December 2009:- “Moves to curb abuse of GST By: FINTAN NG fintan@th...

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Property Tax Only For Sales Within 5 Years Of Purchase (24 December 2009)

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...

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