Malaysia Income Tax Deduction for Businesses, 3rd Edition

Author: Vincent Josef
Publisher: CCH Malaysia
ISBN: 9789670853970
Published In: August 2021
Format: Paperback
Jurisdiction: Malaysia ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 660.00

HKD 640.20 Save HKD 19.80 (3%)

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Description
Contents

Details

There is a wealth of tax deductions available to businesses in Malaysia. But do you know of them, how to harvest them? The range of expenses and deductions the businessman can exploit are wide, making the topic intricate and challenging. But one well worth exploring.

Income Tax Deductions for Businesses aims to help businesses fill that void, to reduce their taxable income by adopting optimum approaches. It explains the types of deductions available both in the Income Tax Act 1967 and ministerial rules, and the basic conditions to comply with.

In addition, this Tax Guide offers an in-depth study of the 3 core expense sections – Sections 33, 34, and 39.

Key Features & Benefits

Learn how to reduce your tax
Know of specific deductible expenses applicable to your own businesses.
Explains the types of expenses with illustrations, computations, and commentaries
Understand the relevant laws, i.e. Income Tax Act 1967, and Revenue Guidelines like Public Rulings
Discover the unique expenses offered as boosts to the business community.

Topics Covered
•    Deduction of outgoings and expenses
•    Capital outgoings v Revenue expenses
•    Specifically prohibited deductions
•    Employees’ expenses
•    Travelling expenses
•    Self-education and subscriptions
•    Business expenses
•    Tax expenses
•    Losses
•    Interest
•    Rent and repairs
•    Bad debts
•    EPF and other contributory payments
•    Mining expenditure
•    Replanting expenditure
•    Research expenditure
•    Stock-in-trade
•    Corporate reorganisation
•    Asset-backed securities