In my earlier article, there was mentioned the new tax structure which was not well received.
 
Further news from The Business Time Malaysia […]

In the Budget 2007,the proposed tax incentives for real estate investment trusts (REITs) are as follows:

from January 1 next year, non-corporate investors, especially resident and non-resident individuals and other local entities which receive dividends from REITs listed on […]

Reported in The Star that:
“ Diagonal Consulting Sdn Bhd, a Britain-based business and technology consultancy company, has relocated its operational headquarters (OHQ) to Kuala Lumpur from Singapore.
“Diagonal invested about RM2mil to establish the OHQ at the Petronas Twin Towers.
The key reason to relocate was the 50% cheaper operational cost compared with Singapore, as well […]

If you have foreign subsidiaries in Singapore, it’s important to know that there is a drastic amendment of its section 44 ( imputation method of franked dividend) to a complete changeover to a one-tier corporate tax system with effect from 1 st January 2008
Some of the salient points to note are:

· The cut-off date […]

If you have foreign subsidiaries in India, it might be of interest to know that there has been recently imposed an additional tax burden onto the employers.This extra tax burden is called Fringe Benefit Tax. It was implemented on April 2005 by Finance Minister P Chidambaram.
The rationale for implementing this tax on the employer […]