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The first part of the article has explained about the conditions,eligibility and definitions like qualifying services and related companies. This article now focus on the following tax and non tax incentives of OHQ:TAX INCENTIVES: 1 Effective Year of Assessment 2003,income tax exemption on statutory income from ALL income from the [...] Malaysia does not at all fare below other Asia Pacific countries in terms of tax and non tax incentives for local or overseas conglomerates to set up an Operational Headquarter (OHQ) whether for the provision of share service function or other types of services. The thrust of the articles is a two part series to [...] With effective from year of assessment 2007 and to be gazetted by way of statutory order,many manufacturing companies which market their products through marketing companies within the same group will enjoy an extended double deduction on expenses incurred on advertising Malaysian brand names. Previously,this double deduction of advertising expenditure on the promotion of [...] CLICK TO THE MAIN PAGE FOR ALL ARTICLES ON SHARED SERVICE CENTRE Further to my earlier article on management fee/transfer fee and the type of management services to be rendered,append below is a very comprehensive list of management services issued by our Malaysian Custom Authorities who is also in charge of the service tax: [...] Among the measures announced in Budget 2007 is the reduction of the corporate tax from 28% currently to 27% next year and to 26% the following year. Incidentally,Malaysia’s 28% corporate tax level has not changed since 1998.
However,our current Malaysia’s corporate tax rate is still one of the [...] |  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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