Tax Treatment - Depreciation
A very common concept in accounting is the separation of capital expenses and revenue expenses. Capital expenses are things such as the...
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Oct 8, 20234 min read
Gifts from employment
When we think of employment income, our minds often jump straight to our annual salary. But in the eyes of the Inland Revenue Board of...
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Sep 16, 20233 min read
What is CP500?
Individual income tax in Malaysia is payable annually, typically between the months of March to April or May to June, depending on...
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Sep 10, 20233 min read
Maximizing Tax Savings: Tax rates for MSMEs in 2023
Are you a business owner with your fiscal year ending on December 31st? If so, you're in for some important news. It's time for your...
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Aug 23, 20232 min read
Exploring Leave Passage and Tax Implications
Planning a vacation is always exciting, but did you know that there are tax implications associated with the leave passage benefits...
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Jul 26, 20233 min read
What is RPGT? (II)
When it comes to investments to build wealth in Malaysia, no other method is as popular as property investing, be it residential or...
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Jul 6, 20233 min read
What is RPGT? (I)
When it comes to investments to build wealth in Malaysia, no other method is as popular as property investing, be it residential or...
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Jun 19, 20232 min read
Things you need to know after submission of BE
It is now past the submission deadline for your personal income tax return BE form. If you have submitted duly, you have done your part...
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Jun 8, 20234 min read
Tax Relief – Child (II) Childcare, Education & Lifestyle
Raising a child ain’t cheap and that’s a fact that many parents are forced to live with. Children can have many needs & wants which can...
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May 24, 20234 min read
Tax Relief – Child (I): Child Relief & Medical
Children are their parents’ greatest pride, but usually also their greatest resource sink, as childcare has never been more expensive....
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Feb 8, 20232 min read
Guide on filling Form-E
Did you know that in 2014, over 65,000 employers were found to violate the law by failing to file Form E? Employers should be better at...
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Feb 2, 20232 min read
Estimate your income before being taxed
You must be aware of the responsibilities that come along with earning your own income as an employee in Malaysia. Paying your tax is one...
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Jan 26, 20233 min read
Tax Update: Guide to Crypto Taxation
We can all agree that COVID-19 has wreaked havoc on businesses and the global, economy, making 2020 and 2021 extremely difficult....
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Jan 11, 20233 min read
Tax Update: Statutory Income Exemption on Shipping Profits
The Income Tax Act of 1957 (ITA) was changed on 9th February 2012 by the Finance Act of 2012, which reduced Section 54A’s 100% income tax...
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Jan 4, 20234 min read
Guidelines of Transfer Pricing
The 2012-established Malaysia Transfer Pricing Guidelines define "transfer pricing" as "intercompany pricing arrangements for the...
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Dec 30, 20223 min read
CP58 Form: What is it and who should prepare it?
An income statement called CP58 displays all earnings in the form of cash and non-cash benefits. Allowances and bonuses are two instances...
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Nov 17, 20225 min read
Tax Update: Public Ruling No. 4/2022 (Recovery from persons leaving Malaysia)
The Inland Revenue Board of Malaysia (IRBM) recently issued Public Ruling No. 4/2022 (dated 20 October 2022) to replace Public Ruling No....
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Nov 10, 20222 min read
Budget 2023: Stamp Duty Transfer of Properties Between Direct Family Members sets at RM 10
Transfer between Husband and Wife On any instrument of property transfer executed by a husband and wife, the full imposition of stamp...
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Nov 4, 20222 min read
Tax Update Deferment of Payment for Small-Value Withholding Tax (WHT)
The Chartered Tax Institute of Malaysia (CITM) proposal to make submitting withholding tax (WHT) forms and paying WHT of Small Value for...
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Nov 3, 20222 min read
Tax Update: Global Minimum Tax (15%)
Malaysia has consented to take part in enacting the 15% Global minimum corporate tax beginning in 2023. Large multinational enterprises...
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