About Richard

Richard Oon Hock Chye has more than 25 years of experience in taxation and business advice, with particular expertise in Malaysian property law. He began his taxation career with Deloitte Touche Tohmatsu, a ‛Big Four’ accounting firm, before starting his own practice, ConsulNet Tax Services Sdn. Bhd., in 1996. He is currently the National Tax Director of TY Teoh International, one of the leading consulting service providers in Malaysia. It is a member of the MSI Global Alliance, a global network of more than 250 independent legal and accounting firms, in over 100 countries. Richard sits on the board of two companies listed on the Main Board of Bursa Malaysia, as an independent non-executive director. He is also a regular contributor to several magazines and publications, and has shared his tax expertise on numerous occasions with organisations and property developers. As well as being a member of the Malaysian Institute of Accountants (MIA), Richard is a fellow member of both the Association of Chartered Certified Accountants (ACCA) and the Chartered Tax Institute of Malaysia (CTIM). He is a Certified Financial Planner (CFP) and holds a tax agent licence issued by the Ministry of Finance. Richard is also the author of the book, ‘Every Property Investor’s Guide To How To Pay Less Tax Legally’.

Property Taxation Intensive Course

Property Taxation Intensive Seminar by Richard Oon

I’ve received many inquiries as to when I’ll be conducting my next Property Taxation Intensive course. Especially with the changes in the Real Property Gains Tax (RPGT) rates and the Continue Reading →

Monthly Tax Deduction as Final Tax

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Under the Budget 2014 proposals, taxpayers who are under employment may not need to file their personal tax returns from the Year of Assessment (YA) 2014 onwards, rendering the amount Continue Reading →

Budget 2014: Strategy For The Property Speculator

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In this article, I will explain the strategy for the property investor in view of the Budget 2014 proposals. As explained in my earlier article ‘Budget 2014 and the Property Continue Reading →

Budget 2014 And The Property Speculator

Image courtesy of Stuart Miles / FreeDigitalPhotos.net

In view that the Real Property Gains Tax rates will be increased substantially due to the Budget 2014 proposals, perhaps it’s time for the property speculator to rethink his strategy.

Budget 2014 Proposals

Image courtesy of www.treasury.gov.my

On 25 October 2013, our Prime Minister cum Finance Minister, Datuk Seri Najib Tun Razak, tabled the much-anticipated Budget 2014 proposals. Much-anticipated by many due to the expected changes to Continue Reading →

Tax Defaulters Barred From Leaving The Country

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In a move to intensify  efforts to target taxpayers who fail to pay their outstanding tax debt, the Inland Revenue Board (IRB) on 2 October, 2013, issued a press release on tax defaulters Continue Reading →

Income Tax Deadlines For Companies (Part 1)

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Malaysia’s self-assessment system (SAS) began in 2001 for companies, and in 2004 for individuals. It is based on the concept of ‛self-assess, file and pay’. Under the SAS, taxpayers have Continue Reading →

My Budget 2014 Wishlist

Image courtesy of NST RED

I was asked by NST RED to give my Budget 2014 wishlist relating to the property industry, for their issue of ‘Budget 2014 – big impact on property market?‘ which Continue Reading →