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 →

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 →

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 →

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?

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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 →

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 →