[vc_row][vc_column][vc_column_text](Summary) The Public Accounts Committee (PAC) confirms the GST law was broken and GST refunds that were not paid out to taxpayers were used for other purposes. based on Malaysian finance minister, there was RM19.4 Billion worth of GST refunds left unpaid as of 31 May 2018 on parliament august 2018. taxpayers in Malaysia were…
[vc_row][vc_column][vc_column_text]Let’s calculate Tax- EBITDA A – the amount of adjusted income before any restriction on the deductibility of interest B – the total amount of qualifying deductions allowed in ascertaining the total amount of the adjusted income before any restriction on the deductibility of interest is made. C – the total amount of interest expense…
[vc_row][vc_column][vc_single_image image=”2412″ img_size=”medium” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Royal Malaysian Customs Department introduced new sugar tax for sweetened beverages if the total sugar exceeded the threshold. This payment of importer of duty might bring increasing price of sweetened beverages. The import of sugary beverages especially drinks must be declared in Form K1 (declaration of goods imported) just like other imported…
[vc_row][vc_column][vc_single_image image=”2390″ img_size=”medium” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Starting from 1st July 2019, Malaysian Company Commission (SSM) will held compound reduction automatically within certain duration of time without filing any compound-reduction appeal. SSM suggested all corporate communities to take this chance to settle all compound for avoiding any legal action. All payment of compound can be done at any SSM…
[vc_row][vc_column][vc_single_image image=”2382″ alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Malaysian Finance Ministry extending the Housing Ownership Campaign (HOC) for 6 more month starting from 1st July to December 2019. Same like earlier this year, this government incentive by stamp duty exemption for housing developer that give at least 10% discount to home buyers. For housing developer NOT registered under REHDA, the first…
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