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

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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

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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 →

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 →

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 →