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Public Speaking for Accountants
This Wednesday, I took on a new role at work: leading the ‘Quiz of the Day.’ The topic? Tax deductibility on company trips for employees. This was a bit out of the ordinary for me, as I’m usually the one doing the talking. But, Kam Shi Zhen (Bryan) and Yong Chun Gan handle the sharing…
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Public Ruling 10/2023 Pioneer Status Incentive
The publication of Public Ruling 10/2023 on the Pioneer Status Incentive by IRBM on December 29, 2023, is particularly relevant. As tax agents, we consistently recommend that our taxpayers and investors consult official publications from MIDA. Pioneer Status is, in general, given by way of exemption from tax on 70% of the statutory income for…
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I hate #yoga
The idea of twisting and contorting my body into various impossible poses felt as challenging as watching a Chinese aerobic performer in the middle of a circus act. I often grappled with muscle cramps during Yoga from my feet, legs, back, buttocks, shoulders, hands, and neck, primarily because of my heavy involvement in running, swimming,…
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Lesson From Tennis
During tennis match with my coach every Tuesday morning since 2023 , I learned the difference between playing to win and playing safe. As an hashtag#accountant, I usually play it safe (striaght into middle of court) because that’s what I’m taught in accountancy study…hashtag#prudence and hashtag#consistency concept. In club tennis, making fewer mistakes often means…
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CGT Filing and Tax Payment Deadline
Taxpayers are to submit CGT tax returns and make tax payments within sixty day (60) of the date of disposal. For assessments raised under sections 91, 96A, and subsections 90(3), 101(2) of ITA 1967, the tax / balance of tax shall be paid within 30 days from the date of assessment. Nevertheless, a grace period…
Koh Teck Peng Blog 