While presenting the recent Budget 2014, Prime Minister Datuk Seri Najib Razak announced the introduction of the Goods and Services Tax (GST) and when enacted, GST will be effective from Continue Reading →
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 →
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 →
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.
Continuation from Income Tax Deadlines for Companies (Part 1) 4. Revision of estimates A revised estimate of tax payable may be furnished to the IRB in the sixth month of Continue Reading →
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 →
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 →
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 →
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 →
Overhead being said during a recent book sale: ‘Tax laws change every year. Why buy books on taxation when they’re soon outdated?’ Thank you sir, for your question. It just Continue Reading →