Thannees Tax Consulting Services Articles in the Press and Social Media
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Demystifying bumiputera discounts paid to state govt
THERE is some confusion regarding the tax treatment of contributions made to the state government by property developers. These contributions can...
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...
Understanding the tax penalty regime
EVERY taxpayer has an obligation to comply with the tax laws and any infringement will be an offence, which will lead to penalties, fines and,...
Complexities surrounding the new capital gains tax
THE concept of capital gains tax (CGT) is new to the Malaysian business fraternity. The provisions in the Finance Bill issued recently are rather...
Sales tax mistakes made by Malaysian manufacturers
SALES tax is imposed on all taxable goods manufactured in Malaysia by registered manufacturers and sold, used or disposed of by them. Sales tax is...
Clear your backlog or you could face prosecution
IT IS becoming very clear that there are still many taxpayers (individuals, corporates, and other taxable entities) who are refusing to file tax...
Information given to IRB may be shared with Customs from 2024
FROM 1967 when the Income Tax Act was enacted, the golden rule is: Information given to the Inland Revenue Board (IRB) is confidential and it cannot...
Budget is spot on in dealing with problems
THE main thrust of this budget has been to keep the economy on a growth path whilst taking care of the people’s welfare. The Prime Minister has...
Budget 2024 focuses on economic growth and people’s well-being
BUDGET 2024 is focusing on bringing the country’s economy back to a growth path and dealing with the legacy problems of servicing the ballooning...
Budget 2024: Growing the economy and enhancing rakyat’s welfare
BUDGET 2024 is spot on focusing on the exact needs of our economy. The key priorities targeted by the Prime Minister is in the areas of: 1️⃣...
Further developments and guidance on e-invoicing
THE Inland Revenue Board (IRB) is very serious about the introduction of e-invoicing. There is no turning back. From June 1, 2024, large taxpayers...
Budget 2024: Prioritise improving current tax system rather than introducing new ones
THE government has implemented various initiatives aimed at revitalising the country’s revenue collection, notably via the introduction of the...