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 →

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 →

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 →

Maximising On Tax Savings

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The Star newspapers published a full page article on ‘Maximising on Tax Savings’ last Sunday, in view of the present tax filing season. Several important points were touched on how Continue Reading →

Taxation Webinar for KC Lau

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I had the privilege of being asked by KC Lau www.kclau.com to be a speaker for one of his webinars. I was asked to share about the “Tax Issues Affecting Continue Reading →

Personal Relief: Private Retirement Scheme or Deferred Annuity?

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As you are probably aware, with effect from the Year of Assessments 2012 to 2021 (10 year-period only), individual taxpayers are eligible to claim a personal relief of up to Continue Reading →

Skim Simpanan Pendidikan Nasional

Currently, a relief of RM3,000 is given for amounts deposited into the Skim Simpanan Pendidikan Nasional (SSPN) established by the Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) for the education of a child. Continue Reading →

Contribute to the Private Retirement Scheme to Reduce Your Tax Bill!

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Do you want to reduce your income tax further in 2012? With the Private Retirement Schemes (PRS), you can enjoy another RM3,000 (or up to RM780 tax reduction at 26% Continue Reading →