Archive for the ‘Corporate Tax’ Category
MALAYSIA TAX BUDGET 2010: ENHANCED TAX INCENTIVES FOR HEALTHCARE COMPANY.
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 [...]
October 28, 2009
Posted in: Corporate Tax, Malaysia 
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MALAYSIA TAX BUDGET 2010: TAX INCENTIVE IN RELATION TO THE GREEN BUILDING INDEX (GBI)
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:
October 27, 2009
Tags: Malaysia Tax Budget 2010 Posted in: Corporate Tax, Malaysia No Comments
MALAYSIA TAX BUDGET 2010: EXEMPTION FROM STAMP DUTY ON THE PURCHASE OF BUILDING THAT INCORPORATE WITH “GREEN TECHNOLOGYâ€
In the Budget 2010, stamp duty exemption would be available for buyers of buildings and residential properties that have been issued a Green Building Index (GBI) certificate.
Details:
The GBI is a rating index for environmentally-friendly buildings.
The stamp duty exemption would only apply to buildings or residential [...]
October 27, 2009
Posted in: Corporate Tax, Malaysia No Comments
MALAYSIA TAX BUDGET 2010: EXPENSES INCURRED ON THE REGISTRATION OF TRADEMARKS IN MALAYSIA WILL BE ALLOWED AS TAX DEDUCTION FOR PURPOSES OF INCOME TAX COMPUTATION.
The proposed tax deduction on the expenses incurred on the registration of trademarks will only apply to companies which have a paid-up capital in respect of ordinary shares of RM2.5mil and less at the beginning of the taxable period.
Details:
The company should not be related to a company which has a [...]
October 27, 2009
Posted in: Corporate Tax, Malaysia No Comments
MALAYSIA TAX BUDGET 2010 BUSINESS HIGHLIGHTS
The following is 2010 Budget Highlights in brief:Â
Malaysian Economy:
Malaysia economy to grow 2-3 per cent in 2010
Mining to grow 1.1 per cent, manufacturing sector 1.7 per cent, agriculture 2.5 per cent, construction 3.2 per cent and service 3.6 per cent.
Private consumption expand 2.9 per cent while private investment 3.4 per centPer capita income to increase by [...]
October 26, 2009
Tags: Malaysia Tax Budget 2010 Posted in: Corporate Tax, Malaysia No Comments
FRS 112-Reconciliation Of Effective Tax Rate To Statutory Rate
In FRS112 on Income Taxes or IAS 12, there is a requirement for a reconciliation statement between the Effective tax rate (ETR) to the Statutory Rate in the notes to the financial statement wherein the following are normally taken up:
Non allowable expenses
Deferred tax assets not recognized
Expenses not allowed for tax purposes
Non taxable income
Differential tax rate-SME’s [...]
October 20, 2008
Tags: Corporate Tax, Effective Tax Rate Posted in: Corporate Tax, EVA, Financial Strategy, Others No Comments
Recent Impact By The Single-Tier Corporate Tax System
In earlier article the mechanism of the single-tier corporate tax system as announced in the Budget 2008 on Sept 7 has been discussed.
Reported in the Press, as a result of the effect of the new system on dividends this will pose some of the following impact on:-
Corporate:
Chemical paint maker Acoustech Bhd has had to change [...]
October 2, 2007
Posted in: Corporate Tax No Comments
