Marilyn Monroe "7 year itch" movie to remind taxpayer on keeping sufficient record !

What records that are to be kept or retained for the purpose of income tax?

taxKtp KtpDecember 1, 2020tax, AccountingRecords

Can you claim special deduction on RENTAL & RENOVATION under PENJANA Stimulus Package now ?

Do you know law is not law until the law is gazetted?

taxKtp KtpNovember 29, 2020tax, special deduction on rental, deduction on renovation

Case Study # 1 Buy assets OR shares of my competitor?

There are two core methods to buy or sell a business: an asset purchase or a share purchase. An asset purchase requires the sale of individual assets. A share purchase requires the purchase of 100 percent of the shares of a company, effectively transferring all of the company's assets and liabilities to the purchaser.

taxKtp KtpNovember 27, 2020case study

Update key summary of service tax 6% on digital services

Effective 01 January 2020, provision of digital service from foreign service provider (FSP) to consumer in Malaysia is subject to service tax.

tax, SSTKtp KtpNovember 26, 2020SST, digital service, FRP

{Please Read} Update on IRB new payment instruction ....

No more tax payment via post/courier….

taxKtp KtpNovember 25, 2020tax payment

The TAX impact on my company pay/subsidy my family trip

Leave passage refers to vacation time paid for by your employer, and is divided into two categories: local and overseas. You are entitled to tax exemption not exceeding three times in a year for leave passage within Malaysia, and one leave passage outside Malaysia not exceeding RM3,000

taxKtp KtpNovember 24, 2020leave passage, family trip

IRBM has updated the Frequently Asked Questions (FAQS) on international tax issues due to COVID-19 travel restrictions

International tax issues due to COVID-19 travel restrictions

taxKtp KtpNovember 20, 2020Travel Restriction, covid 19

𝐌𝐲 𝐜𝐨𝐦𝐩𝐚𝐧𝐲 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐜𝐚𝐧 𝐠𝐞𝐭 𝐭𝐚𝐱 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 ?

The complete tax ruling on company insurance tax deductible in Malaysia

taxKtp KtpNovember 17, 2020insurance, keyman insurance, PII, public ruling

你是否有正确的计算与提交预扣税（PCB) on 🚙汽车，⛽汽油，👳‍♂️司机及相关费用。

汽车福利的计算法已计算个人福利在内（意即税务计算法已经很低），而且该辆车可被开回家当作个人用途，形同个人福利，所以这是需要申报的（连带也要给每月预扣税）。

taxKtp KtpNovember 16, 2020BIK, Perquisites, PCB

Latest Update SST - Group Relief on Provision of Taxable Service Within Group of Companies

RMC Service Tax Policy 8/2020 - changes in the condition of group relief on provision of taxable service within group of companies

taxKtp KtpNovember 13, 2020Group relief, SST

What to do if I received CP323F from LHDN?

See you in court if taxpayers don’t response to CP323F

taxKtp KtpNovember 12, 2020tax, CP323F

成立新中小型企业就能享有首3年各别RM20,000的税务回扣...还有？

我等到花儿也谢了….创业有钱拿但拿不到!!!!

taxKtp KtpNovember 12, 2020Penjana, Taxrebate, tax

𝐂𝐚𝐧 𝐒𝐝𝐧 𝐁𝐡𝐝 𝐜𝐥𝐚𝐢𝐦 𝐭𝐚𝐱 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐨𝐧 𝐦𝐨𝐭𝐨𝐫 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐛𝐨𝐮𝐠𝐡𝐭? 𝐖𝐡𝐚𝐭 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐝𝐨𝐧𝐞 𝐟𝐨𝐫 𝐭𝐚𝐱 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧?

Malaysia car income tax 2020.

taxKtp KtpNovember 10, 2020BIK, passengercar, tax

Tax deductions on gift of money for approved institution

You can donate more for tax deduction now

taxKtp KtpNovember 6, 2020Donation, tax

𝐒𝐨𝐥𝐞 𝐩𝐫𝐨𝐩𝐫𝐢𝐞𝐭𝐨𝐫 𝐜𝐨𝐦𝐩𝐚𝐧𝐲, 𝐜𝐚𝐧 𝐈 𝐝𝐞𝐝𝐮𝐜𝐭 𝐭𝐚𝐱 𝐚𝐟𝐭𝐞𝐫 𝐛𝐮𝐲𝐢𝐧𝐠 𝐚 𝐩𝐚𝐬𝐬𝐞𝐧𝐠𝐞𝐫 𝐜𝐚𝐫?

Any tax deduction on my passenger car?

taxKtp KtpNovember 3, 2020passengercar, public ruling, irb

车可以扣税?

taxKtp KtpOctober 28, 2020motorcar, taxoncar, public ruling

Do you know director is personally liable to company tax?

Directors are also responsible for the companies' tax obligation under the Malaysian Income Tax Act (ITA) 1967. ... He or she is not treated as a distinct legal person from the company, and thus can be personally liable in the case of tax obligations.

taxKtp KtpOctober 15, 2020IRB, Director

IRB official tax guideline on foreign exchange gain and loss

5 out 10 your account people don't know how to do foreign exchange gain and loss based on our 20 years experience in accounting industry! Now, IRB has produce an official guideline to clear your doubt.

taxKtp KtpOctober 8, 2020IRB, foreign exchange