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 →

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 →

Tax Planning for Interest-Free Loan to Directors

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Following from my post on Interest-Free Loan to Directors of Companies, I explained how the Inland Revenue Board (IRB) can invoke Section 140 of the Income Tax Act 1967 to Continue Reading →

Interest-Free Loan to Directors of Companies

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Recently, I was trying to explain to a potential client about the tax implications of giving interest-free loan to directors of companies. He in turn replied, “What’s the big deal about Continue Reading →

The Advantages of Owning a Property Under a Company

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I am often asked if there are any benefits of owning a property under a company as compared to owning a property under individual name. Despite of its major disadvantage Continue Reading →

My Article In NST: Red Today

My article is out in NST: RED today! I was again asked to contribute an article so thought of submitting my thoughts on company incorporation which will lead to the Continue Reading →