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Thannees Tax Consulting Services Articles in the Press and Social Media

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Directors’ fiduciary duty and responsibility

IT IS commonly accepted by directors that upon settlement of tax matters with the Inland Revenue Board (IRB) or Royal Malaysian Customs (RMCD), that is where the matter ends and the directors are usually of the opinion that they have discharged their fiduciary...

TAX MATTERS – SMEs struggling to comply with transfer pricing documentation requirements

THE Budget 2021 announcements which have now become the law under Finance Act 2020 have made very important changes to the transfer pricing regime in Malaysia. The two changes that will affect all companies and limited liability partnerships from Jan 1 2021 will be:...

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 RM14 billion, and by 2025, it is expected to exceed RM26 billion. Significant franchise payments are made to both local...
Issues around withholding tax

Issues around withholding tax

GENERALLY, when withholding taxes come to your mind, it will only be on payments made to non-residents. Normally withholding taxes are paid over to...

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