Thannees Tax Consulting Services Articles in the Press and Social Media
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Tax Matters – Is ambiguity a reason to disallow expenses?
THE basic principle for claiming a tax deduction is that the expenditure must incurred wholly and exclusively in the production of income, which can...
Clearing Up The Franchise Fee Confusion
THERE are more than 1,100 franchises registered with the Ministry of Domestic Trade and Consumer Affairs. In 2022, the total sales value exceeded...
Is the Purchase of Software Tax Deductible?
NO business can function in today’s corporate environment without using software. Businesses have to buy or license software. The tax laws regarding...
Tax and Non-Exempt Charities that Receive Regular Donations
THE taxability of donations has come into the limelight recently in the former prime minister’s case where the Inland Revenue Board (IRB) and the...
Noose is Tightening Around Tax Dodgers
THE Inland Revenue Board (IRB) has ratcheted up its operation to unearth delinquent individuals and business enterprises suspected to be outside the...
Report Card on Budget 2023
BUDGET 2023 is focused on helping businesses that are just beginning to recover from the Covid pandemic, and it also targets to help selected...
Wrong Import Codes Will Haunt You Later
ALL goods imported into or exported out of Malaysia must have a Harmonised System (HS) Code. HS Code is used by more than 200 countries as a basis...
Defective Transfer Pricing Documentation is Trouble
ALL pricing of intercompany transactions will require to be documented in the Transfer Pricing Documentation (TPD) which is mandatorily required...
Tax Matters – Budget 2022 measures to spur economic revival
AT RM332.1 billion, Budget 2022 is the largest budget in the history of Malaysia. The clear focus of this budget is to revive the economy and to...
Taxation of severance payments and retirement gratuities
MALAYSIA was battered by the Covid crisis in 2020 and 2021 and the current headwinds blowing from the Russia-Ukraine war and the US-China conflict...
Foreign-sourced income – what is remaining
IN BUDGET 2022, the government announced that it intended to tax foreign-sourced income received in Malaysia from Jan 1, 2022 by all Malaysian tax...
Time to revisit your reinvestment allowance claim
THE recent win in the High Court by Tenaga Nasional Bhd (TNB) in its claim for reinvestment allowance (RA) of RM1.8 billion for 2018 has sent...