Tax should not be an afterthought in business restructuring

Tax should not be an afterthought in business restructuring

Business restructuring in Malaysia involves numerous tax considerations that needs to be carefully managed to avoid unintended tax consequences which can be costly. This will include general income tax matters such as deductibility of expenses, tax losses, capital...
Tax should not be an afterthought in business restructuring

Pay closer attention to compliance

Failure to pay attention to proper compliance can be very expensive in the form of additional taxes, penalties, surcharges, and in the event any failure is prosecuted, the taxpayer or the representatives of the organisation can be imprisoned. In the case of...
Tax should not be an afterthought in business restructuring

Fragmented contracts not a means for tax avoidance

Industries that require significant expenditure in infrastructure and plant and machinery together with specialised technology from overseas will engage foreign contractors to implement such projects, and the cost of such contracts will run into many hundreds of...
Tax should not be an afterthought in business restructuring

Understanding restructuring and IPO CGT exemptions

MALAYSIA’S finance minister announced the introduction of capital gains tax (CGT) on the disposal of unlisted shares by companies, trusts, limited liability partnerships and cooperatives in his Budget 2024 speech on Oct 13, 2023. In the speech, he stated that...
Tax should not be an afterthought in business restructuring

What should be ruled out in Budget 2025

THE economic outlook for Malaysia is very bright, and this is reflected in the 5.9% second quarter gross domestic product (GDP) growth year-on-year together with strengthening of the ringgit to 4.12 to the US dollar. The ringgit is predicted to strengthen further, and...