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How to Improve Tax Knowledge Based on My Experience Part 3
… Continue from Part 2 https://bit.ly/3LYq7EX As a licensed tax agent in Malaysia, it’s crucial to teach our tax juniors to master the skill of researching and applying tax cases. Understanding how to dissect and analyze case law will enhance your ability to provide accurate and comprehensive tax advice. Here’s a structured approach to help…
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My Recovery Journey on 3 Ribs Broken
Two weeks ago, I found myself tumbling 10 feet down a trail in Tiram, landing with a thud that left me with three broken ribs. The pain was like a jolt of electricity coursing through my body—walking felt like an impossible task for first few days Sleeping in a bed? Forget it. For two weeks,…
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Key Updates from IRBM for Employers
Despite our continuous reminders, many employers still make common mistakes such as: ✅ Late or non-submission to notify IRB about new employees.✅ Late or non-submission to notify IRB about resigning employees.✅ Providing incorrect information. Starting January 1, 2024, IRBM mandates online submission of Form CP21 via MyTax for employees leaving Malaysia for over 3 months.…
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How to Improve Tax Knowledge Based on My Experience Part 1
As a licensed tax agent in Malaysia, it’s crucial for our tax juniors to master the skill of researching and applying tax cases. Understanding how to dissect and analyze case law will enhance your ability to provide accurate and comprehensive tax advice. Here’s a structured approach to help you navigate through tax cases effectively. Key…
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(Tax Update) High Court Ruling on Rental Income
In the landmark case of BAZ Consolidated Sdn Bhd v Ketua Pengarah Hasil Dalam Negeri [2024] 1 AMR, the High Court addressed crucial tax issues on rental income. Here are the key takeaways for our clients at KTP: ✅ Income ClassificationRental income should be classified under Section 4(d) of the Income Tax Act, not Section…
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