Thannees Tax Consulting Services Articles in the Press and Social Media
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Tax Matters – Time running out on Stamp Duty Special Voluntary Declaration Programme
THE Stamp Duty Special Voluntary Declaration Programme (SVDP), which commenced on Jan 1 this year, is scheduled to end on June 30. One of its key...
Tax Matters – Rising risks in withholding tax compliance amid IRB enforcement
WITHHOLDING taxes on interest and royalties have existed in Malaysia since the enactment of the Income Tax Act 1967. Significant changes to the...
Tax Matters – Inland Revenue Board crackdown on mule accounts
A MULE account is an account used to receive and transfer money on behalf of others, without the account holder being the true owner of the funds or...
Tax Matters – Do not overlook taxation issues in succession planning
MANY local companies in Malaysia, including listed ones, remain family-controlled. These businesses are often founded and managed by...
Tax Matters: RMCD eases burden on exporters affected by Middle East conflict
EXPORT-ORIENTED registered manufacturers, especially those reliant on international markets, are under pressure from many angles. Rising oil and gas...
Tax Matters: Common mistakes businesses are making with e-invoicing
MALAYSIA'S e-invoicing regime, which commenced on Aug 1, 2024, is no longer merely a “future compliance” exercise. Today, the majority of medium and...
Tax Matters: Bad debt deductions – understanding the restrictions
ANY enterprise carrying on a genuine business does not deliberately create bad debts to obtain a tax advantage. In commercial reality, businesses...
Tax Matters – Be careful when waiving debts
DEBT waivers are commonly used by companies, particularly within group structures, as a means of streamlining balance sheets and improving financial...
Tax Matters – The interaction between tax residence and taxation in M’sia
UNDERSTANDING the concept of tax residence is fundamental in determining an individual’s tax position in Malaysia. A recent public ruling issued by...
Tax Matters – Maximising tax reliefs and optimising deductions
AS Malaysia enters the individual tax filing season, taxpayers are encouraged to move beyond last-minute submissions and adopt a more strategic...
Tax Matters – Retrospective resolution of SST misunderstanding via voluntary declaration
SINCE the introduction of the Sales and Service Tax (SST) in September 2018, many taxpayers have struggled to interpret the regulations and...
Tax Matters – Correcting past stamp duty non-declaration through Self Voluntary Disclosure Programme
STAMP DUTY is applicable on all agreements specified in the First Schedule of the Stamp Act 1949. The agreements are referred in the Act to as...