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Training KTP Group of Companies
I worked at a place where they didn’t focus much on training because they were worried trained employees would leave for other jobs. I think training is really important to help everyone grow. Our team had over 45 people. I set up a rule that everyone from new starters to managers had to complete some…
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Unresolved Question on Capital Gain Tax (CGT)
With the new CGT beginning on March 1, 2024, the lack of clear instructions has left taxpayers and businesses unsure about how to proceed. On January 15, 2024, the Inland Revenue Board of Malaysia (IRBM) published the filing process for the Capital Gains Tax Return Form (CGTRF) but didn’t provide further guidance. 1. The Exemption…
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How I Review Audit Planning Memorandum (APM)
Excited to share how we at hashtag#ktp approach the crucial phase of audit preparation with our Audit Planning Memorandum (APM). Think of the APM as our detailed guide for conducting thorough and effective audits. In my role as audit partner, alongside our dedicated managers and seniors, I delve deep into the APM. Our main focus?…
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Common Mistakes In Form E
The deadline for Form E compliance filing is approaching. Here are some common mistakes on Form E in Malaysia based on my experiences : 1 .Incorrect Employee InformationMake sure to provide accurate details like name, IC number, and salary. 2. Incorrect Employer InformationDouble-check your company details such as name, registration number, and address. 3. Incorrect…
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(Tax Update) Tax Implication on Waiver of Debts
As a tax agent, I am deeply concerned about debt waivers, especially when a company decides to close its doors for good (strike off or winding up). A recent tax case, Multi-Purpose Credit Sdn Bhd (MPC) v. Director General of Inland Revenue (DGIR), highlights why this is such a big deal. So, why does this…
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