Beginning from year of assessment 2010,under the proposed legislation,the top personal tax rate has reduced by 1% (i.e. from 27% in YA 2009 to 26% effective from YA 2010). This means that,in respect of chargeable income above RM100,000,for every RM1,000 a person earns,he will be paying RM10 less in taxes.
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An individual can claim a maximum of RM500 of the monthly Internet broadband bills issued under his name in his tax return. In the current self-assessment taxation system,he will be required to maintain receipts for such expenses paid for up to seven years in the event of an audit by the Inland Revenue Board. [...] It is proposed that 100% of the value of increase in exports would be exempted from tax in respect of services provided to foreign clients in Malaysia. The value of the increase in exports is taken to mean the difference of the value of the qualifying services exported in the current period and that of [...] Accounting fraud in malaysia -MEMS Technology Bhd It is quite shocking to hear that MEMS Technology Bhd,despite being publicly reprimanded and fined heavily for the breach of Listing Rule (see below paragraph) in October 2008 has still not complied with the requirements of the SC. The Securities Commission (SC) has for the second time this [...] Green Building Index was developed by Pertubuhan Akitek Malaysia and the Association of Consulting Engineers Malaysia. It was launched on May 21,2009 Under the GBI assessment framework: [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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