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Thannees Tax Consulting Services Articles in the Press and Social Media

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How to encourage voluntary compliance among taxpayers

IN an ideal situation, if taxpayers were to voluntarily comply with their tax obligations, both the taxpayer and the Inland Revenue Board (IRB) will be winners – certainty and finality to taxpayers, and reduction in cost of collection to IRB. However, in many...

Tax Matters – How are individual unit trust holders taxed?

THE unit trust industry is huge in Malaysia and the Securities Commission Malaysia Annual Report 2020 states that funds under the management of unit trusts in 2020 totalled RM519 billion. It is important to understand the tax position of the individuals investing in...

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 selectively help the sections of society that require immediate assistance through a direct cash injection of RM8.2 billion...
Charities and tax exemptions

Charities and tax exemptions

ANY organisation receiving donations from the public and spending monies on charitable activities without any intention to make profits could be...

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Taxation of cryptocurrencies

Taxation of cryptocurrencies

CRYPTOCURRENCY is a form of digital money similar to cash such as ringgit and US dollar, which is not controlled by any central bank or anyone....

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