taxKtp KtpSeptember 15, 2021form q, tax appeal, tax

A rising trend for taxpayers to appeal in High Court via Judicial Review (JR) instead of Special Commissioners of Income Tax (SCIT)

taxKtp KtpSeptember 10, 2021tax appeal, Judicial review

Official tax treatment on assets held for sale

There are two (2) methods as prescribed by IRBM on tax treatment for Assets Held for Sales (AHS)

taxKtp KtpSeptember 9, 2021assets held for sale, tax

Can taxpayer apply for further tax extension with IRB 2021 ?

Can taxpayer apply extension of tax filing deadline Malaysia 2021 ?

taxKtp KtpSeptember 8, 2021tax extension, EOT, Tax

Real Property Company (RPC) Malaysia

Many are totally unaware that if they dispose shares in a real property company they will be subjected to both Stamp Duty and RPGT.

taxKtp KtpSeptember 7, 2021RPC, RPGT

Update special allowance for small value assets 2021

Do you know taxpayers are eligible for a special capital allowance claim of 100% on assets valued ….

taxKtp KtpSeptember 2, 2021Tax, small value assets, special allowance on small value assets

Pre-Budget Statement (PBS) for Budget 2022.

The Ministry of Finance (MOF) has published Pre-Budget Statement (PBS) for Budget 2022.

taxKtp KtpSeptember 1, 2021Tax budget 2022, Pre-budget Statement 2021, Tax

What if i don't submit my account and tax ?

It is not fine to pay fine

taxKtp KtpAugust 25, 2021SSM penalty, IRBM penalty

如果你不还税款… 会怎样？

税收惩罚即将到来。你再也不用飞海外了。 LHDN将采取法律行动追讨债务

taxKtp KtpAugust 24, 2021tax recovery action, winiding up, bankcuptcy, stoppage order

What happens if you fail to pay tax?

Tax penalty will be coming. No more flying to oversea. LHDN will initiate legal action to recover the debts.

taxKtp KtpAugust 24, 2021tax recovery action, winiding up, bankcuptcy, stoppage order

Exemption on Real Property Gain Tax (RPGT) on disposal of property during 2021

Seize the opportunity for tax exemption on residential property disposed of in 2021. T&C apply

taxKtp KtpAugust 5, 2021RPGT, Exemption RPGT, Disposal of Residental Property 2021

Do you know IRBM will pay taxpayer 2% "compensation" on your overpayment of tax?

2% interest with IRBM !

taxKtp KtpAugust 4, 2021compensation 2%, overpayment of tax

Can director personally liable to company tax?

Can director personal liable to company tax?

taxKtp KtpAugust 3, 2021director personal liability

Typical tax mistakes : Pre-operating expenses before the date of commencement.

90% taxpayers assume all expenses incurred before the date of incorporation is tax-deductible…. Sorry you are wrong

taxKtp KtpAugust 2, 2021date of commencement, pre-operating expenses

LHDN Key Tax Issue 2021 - Taxpayers with tax incentives under the purview of MIDA.

IRB red flag for tax audit - companies with MIDA tax incentive.

taxKtp KtpJuly 30, 2021key tax issue, mida tax incentive, tax audit

Taxpayers must do this before closing your company!

Amaran from LHDN - new format to close company

taxKtp KtpJuly 28, 2021spc, close company

The importance of partnership agreement in tax

taxKtp KtpJuly 27, 2021partnership agreement, partnership

3 simple ways for 100% tax deduction on your donation in Malaysia.

What is the supporting document needed for tax relief and tax deduction for donation?

taxKtp KtpJuly 26, 2021Tax deduction, Donation

IRBM Newsletter July 2021

Beware taxpayers ! Tax authority focus on the following areas :

taxKtp KtpJuly 23, 2021Tax, tax clearance, digital business

Tax incentive on Green Investment Tax Allowance (GITA) Assets

What You Need to Know About the Tax Incentive on Green Assets During This Pandemic?

taxKtp KtpJuly 22, 2021Green Investment Tax Allowance, Green Assets, GITA, Tax

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