Category: News

[vc_row][vc_column][vc_column_text] IRB to accept only online submissions for monthly tax deductions from Sept 1 [/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Beginning Sept 1, the Inland Revenue Board of Malaysia (IRBM) will no longer accept manually submitted Form CP39 (Statement of Monthly Tax Deduction), Compact Disk (CD/DVD), Flash Drive and Diskette as well as cash and cheque payments of the Monthly Tax…

Ever since Malaysian Institute of Accountants (MIA) has been recommending the accounting industry to be prepared for emerging of Industrial revolution 4 (IR4.0),  Chai & Associates has decided to upgrade our operation and services align with current technologies. Our current system shall be gradually convert into new technology and adopting new mindset to stay competitive…

[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…