2020 was indeed a challenging year for all of us. Nevertheless, we keep our spirits high and always begin the New Year stronger! We believe 2021...
Take 5 with Thannees: Episode 11
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Take 5 with Thannees: Episode 10
Our Managing Director, Mr Thanneermalai sheds light on the newly introduced transfer pricing surcharge. Find out how this new introduction impact...
Take 5 with Thannees: Episode 9
Did you know that deductibility restriction applies whether or not the substance test is met? On this episode of Take 5 with Thannees', our Manager,...
Take 5 with Thannees: Episode 8
Budget 2021 has made the preparation of contemporaneous transfer pricing documentation on an annual basis compulsory. Did you know non-compliance...
Episode 7 – Insights to Budget 2021
Video Transcription Insights to Budget 2021 I’m very happy with the Budget 2021 announcement. I feel that the finance minister has just focused and...
Episode 6 – Budget 2021 Expectations
Video Transcription 2021 is going to be a very challenging budget. The government is actually fragile, the economy is actually slowing down and it...
Episode 5 – Waiver of loans
Video Transcription Ladies and gentlemen, the waiver of loans is now becoming an issue with the tax authorities. Whenever companies are waiving...
Episode 4 – Time bar is no longer guaranteed
Increasingly, the time bar is being breached by the inland revenue. When I say it’s being breached, they’re going beyond for income tax purposes of...
Episode 3 – Interest Free Loans between Related Parties
Interest free loans are a concern to most groups of companies. Groups of companies have a tendency to lend to companies that are loss-making, normal...
Episode 2 – Valuation Fees Can Be Deductible Against Your Business Income
Video Transcription There's an interesting case law development that's come up recently. It's the case of Cempaka Properties which came up sometime...
Episode 1 – Imposition of tax penalties in Malaysia
Video Transcription Good morning ladies and gentlemen. I’m Thanneermalai, the Managing Director of Thannees Tax Consulting. We're going to give you...
Ringgit Bytes: Are Side-Gig Income and Share Gains Taxable?
It's that time of year again – tax season. Do you know if your side-gig income and share profits are taxable? What happens if you don't declare your...
Take 5 with Thannees: Episode 15
Are you aware that "managing tax risks" is also an aspect of tax planning? On this episode of #take5withthannees' our MD, Mr Thanneermalai...
Take 5 with Thannees: Episode 14
On this episode, our Managing Director, Mr Thanneermalai Somasundaram talks about the troubles taxpayers who participated in the SVDP program...
Take 5 with Thannees: Episode 13
On this episode, our Managing Director, Mr Thanneermalai Somasundaram sheds light on the transfer pricing penalty and the surcharge on any transfer...
Take 5 with Thannees: Episode 12
In this episode, our Managing Director, Mr Thanneermalai Somasundaram clarifies the applicability of the newly introduced Sec 113B of the Income Tax...
Ringgit Bytes: Tax Filings – What do I do if I lose my receipts?
It's tax season, and you've got until the end of April to get your e-filings in. While it's important to keep your receipts for tax reliefs, storing...