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Attention Small Charity Groups: Donations May Be Taxable Under Practice Note 1/2025
On 24 March 2025, LHDN (Lembaga Hasil Dalam Negeri) released Practice Note 1/2025 to clarify the tax treatment of donations and contributions received by any “person” under the Income Tax Act 1967. This includes companies, sole proprietors, NGOs, foundations, temples, schools, and community-based organisations. Many assume that donations are automatically tax-free. But under this new…
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I Have Called IRB Office and Ask Them — The Most Dangerous Sentence in Tax
I have to say this today.Because it happens again and again and again. Almost every week, I receive calls, WhatsApp, emails from taxpayers. All start with the same magic sentence: “I have asked called IRB office and ask them. IRB say can…” At first, I keep calm. I ask politely:• When did you call?• Who…
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Why So Many SOP? Why Audit So Many Things? Why Not Follow My Ex-Firm?
I still remember this conversation like it just happened yesterday. An experienced new joiner pulled me aside and asked, half-jokingly but half-frustrated: “Why KTP got so many SOP?Why need to audit so many things?Why cannot just follow how my ex-firm did it?” For a moment, I smiled. Because I’ve heard this many, many times —…
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Why It’s So Hard to Jio Young People for Sports These Days?
I always have this ritual.Bring my colleagues for hiking.Running together.Try rock climbing, spinning class, yoga and zumba class, even ATV rides at night. Sounds fun, right? But… reality check. Every time I jio (invite), the group size gets smaller and smaller.Sometimes only me and one or two loyal supporters show up.Sometimes… zero reply. Today, in…
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Why I Still Buy Second-Hand Golf Clubs (And I’m Not Alone)
Recently, I had a rare sit-down with a few seasoned golfers like myself. We shared the same quiet truth, something we rarely say out loud on the course. We don’t buy new golf sets anymore. Not because we’ve stopped loving the game. Not because we’re not tempted by the shiny new clubs on display. I…
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