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(Tax Update) You Don’t Disclose, You Scared Kena Caught. You Disclose, You Scared Kena Twice.
Boss asked me, “Mr Koh, this e-Invoice Special Voluntary Disclosure Program (SVDP), should I go or not?” I looked at him.He actually was not asking about SVDP. He was asking another thing. “If I walk in myself to confess, will LHDN pay more attention to me?”“Last time those voluntary disclosure, not many bad story meh?”“If…
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(Tax Update) Stamp Duty Is Not Always RM10
(Tax Update) Stamp Duty Is Not Always RM10 Many SME boss still think stamp duty is very simple.“Any agreement just stamp RM10 only lah.” This is the sentence that makes tax agent suddenly very quiet.Because in Malaysia, stamp duty is not based on how simple your document looks. It is not based on whether the…
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(TAX UPDATE) Shareholders’ Dispute
When doing business with partner, the scariest thing is not losing money. The scariest thing is no written documentation on breakup. Recently, the big businessman and influencer story, many people are watching the drama.Who is right, who is wrong, I don’t comment. But SME bosses should not only watch the show.Must see the business lesson…
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(Tax Update) Boss opened a Holding Company and thought he had upgraded into a group of companies
On top, one Holding Sdn Bhd.Below, one Trading Subsidiary Sdn Bhd. Chart very nice.Box very neat.Arrow also got feel. Looks less like SME.Looks like preparing for listing already. Until I asked one question:“What does the holding company actually do?” Boss said,“Also got do a bit of trading.” I asked again,“What about the subsidiary?” Boss said,“Also…
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(Tax Update) Below RM1 Million, Then No Need e-Invoice?
Careful.This sentence may cost SME boss money. Recently, many bosses tell me the same thing.“Mr Koh, my company turnover below RM1 million. So e-Invoice no need lah.” I ask one simple question.“Your company is owned by who?” Then the room becomes quiet.Because e-Invoice exemption is not only about your revenue.It is also about your company…
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