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’.

Tax Perspective on Buying and Selling a Business

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Recently a client approached me and sought my advice about buying and selling a business. He is in the midst of buying a company and the financial due diligence was Continue Reading →

Form CP58 – Addendum to IRB Guidelines

Borang CP58

Further to my post on ‘Form CP 58 – Duty to Furnish Particulars of Payment Made to an Agent, Dealer or Distributor, etc.’ the Inland Revenue Board has issued an Continue Reading →

Implementation of GST to be Announced in Budget 2014?

GST

Will the implementation of the GST be announced in Budget 2014? The Sun Daily reported that the government is working to include the long-delayed consumption tax in the upcoming Budget Continue Reading →

My Book on Property Taxation

My book on property taxation

After many years in the pipeline, my book on property taxation in Malaysia will soon be out! After obtaining the necessary approvals from the authorities, my manuscript has been sent Continue Reading →

Personal Relief for Personal Computer – New Definition

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It is important for taxpayers to take note that with effect from the Year of Assessment (YA) 2013, there will be a new definition of ‘personal computer’ for the purpose Continue Reading →

Procedure For Filing Real Property Gains Tax Form

real property gains tax form

When you buy or purchase a property, do you know that you can file the relevant Real Property Gains Tax (RPGT) forms to the Inland Revenue Board of Malaysia (IRB) Continue Reading →

Tax Refund: How Will You Spend It?

tax refund

Lately,  I’ve seen a lot of tax refund cheques of my clients coming in at my office. Most of the refunds were for my clients  having an employment source. I’ve Continue Reading →