by KS Lee | Dec 16, 2019 | Updates
Foreign currency transactions are facilitated & accelerated by booming Ecommerce platform. Wrong treatment of forex gain/loss will make you pay WRONG amount of TAX now or suffer TAX PENALTY in the future. Source: http://www.hasil.gov.my/ Interested in our...
by KS Lee | Dec 12, 2019 | Updates
Knowing which benefits in kind are not taxable & who can not claim these exemptions are essential to bosses, HR practitioners & employees. Which benefits in kind are not taxable? Who can not claim tax exemption on benefits in kind Source:...
by KS Lee | Nov 10, 2019 | Updates
Bank Negara Malaysia (BNM) is proposing to set a cash transaction limit (CTL) of RM25,000 for each cash transaction in 2020. Please find below a briefing on CTL by National Coordination Committee to Counter Money Laundering (NCC) 国家银行提议, 明年设定每笔现金交易上限 (CTL) 为2万5000令吉....
by KS Lee | Jun 26, 2019 | Updates
View Latest SST Guide on IT Services in PDF Interested in our consultation service? Drop us a line, we’d love to help! Get in...
by KS Lee | Jun 11, 2019 | Updates
The following revised guidelines on Ecommerce transactions are giving some useful examples on the interrelationships on the following: 1) E-commerce income derivation 2) Royalty 3) Section 4A of ITA 1967 special classes of income received by a non- resident person 4)...
by KS Lee | Mar 30, 2018 | Updates
A taxpayer with salary income less that RM34,000 may need to submit tax form in the following situations: 1) Taxpayer has other sources of income. The total income is more than RM34,000. 2) Taxpayer choose to make join assessment with his/her spouse, their total...
