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 →

Tax Planning for Interest-Free Loan to Directors

members-only post

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 →