Thannees Tax Consulting Services Articles in the Press and Social Media
We currently contribute articles to The Sun every Monday of each week
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Modify SST to make it business friendly and increase govt revenue
THE government is unlikely to reintroduce Goods and Services Tax (GST) in light of the slowing world economy. GST is seen to be a regressive tax...
Is it time to merge Inland Revenue Board and Customs?
THE Inland Revenue Board of Malaysia (IRB) and the Royal Malaysian Customs Department (Customs) are expected to collect about RM270 billion in...
Viability of GST in digital economy
The upcoming budget next month has prompted discussions about the possible reintroduction of the GST and various other fiscal reforms to manage the...
Are you ready for e-invoicing?
MALAYSIA will be following many other countries in digitalising invoicing through the e-invoice system that will be mandatorily implemented in...
Failure to register for SST can be costly
REFGISTRATION for Sales and Service Tax (SST) should be a simple affair. Why is this a problem for many businesses? This is not a matter of choice....
Tax Matters – Deductibility of illegal payments
TAXATION principles do not discriminate between legal and illegal activities. The fact that the income may be illegal or immoral is of no concern...
Tax residence for companies and LLPs explained
RESIDENCE is basically determining where the company or LLP’s home is for tax purposes. Whenever you undertake international transactions, whether...
IRB’s initiatives to win over taxpayers as ‘partners’
AT the moment, the thrust of the Inland Revenue Board (IRB) is to encourage taxpayers to comply with tax laws without the necessity to spend time...
Ambiquity in treatment of leases and tenancies
GRANTING of leases and tenancies by property owners on a short-term or long-term basis is very common. The common understanding among laymen is that...
Determination of market value by govt valuers worrying
STAMP duty is imposed on instruments – which include any written documents such as agreements, memorandums, contracts, deeds, wills, bonds and...
Expensive to ignore Sales and Service Tax exemption conditions
SALES and Service Tax (SST) is administered by the Royal Malaysian Customs Department (RMCD). Sales tax is applied on goods manufactured by...
Unfair taxation of bonus shares of ‘Real Property Company’
IF YOU hold shares in a company that principally owns real estate (value of real estate exceeds 75% of the total tangible assets of the company),...