Blog

MyTax: LHDNM

MyTax: LHDNM
View Full Size

MyTax: LHDNM

2021 最佳 app - MyTax. 一旦安装 MyTax, 不陷入任何骗局.

这是一个方便纳税人查看税务的软件, 你就可以查询并使用更多相关的税务服务。

  • 所得税官网

  • 税务呈报

  • 电子盖章系统

  • 线上呈报薪酬资料

  • 预扣税计算机

  • 资料更新

  • 税务分类账

  • 税务居民

  • 税务清关

  • 印花税

只要点击分类账， 你就可以查询自己有没有拖欠的税务, 并查询有关的税务估算表（CP500).

这个软件有什么好处呢?

  • 纳税人能更方便的查询个人的税收信息。

  • 节省时间，成本和交通，无需去LHDNM柜台询问税收信息，因为一切都触手可及

  • 允许用户使用一个用户名（ID）和密码登录到多个相关软件系统，并使用LHDNM所提供的其他服务.

How to 下载

  • 安卓用户可以通过 google play store下载

  • 苹果用户可以通过 app store下载

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

Certificate of Residence LHDN

Certificate of Residence LHDN
View Full Size

Do you know how to reduce withholding tax with the certificate of residence (COR)?

A certificate of Residence (COR) is issued to confirm the residence status of the taxpayer.

Objectives of COR

  • Claim tax benefits under the Double Taxation Agreement (DTA).

  • Avoid double taxation on the same income.

COR is specifically for Malaysia’s treaty partners only.

Application of COR

Application for COR can be made either manually or can be made through e-Residence (https://eresidence.hasil.gov.my/).

The COR will be ready within 10 working days with the fully duly required

documents and information furnished.

Final words

Further information on COR can be obtained from the IRBM Official Portal at

www.hasil.gov.my > International > Certificate of Resident

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

审计报告 (auditor report) 分几种?

审计报告 (auditor report) 分几种?
View Full Size

审计报告 (auditor report) 分几种?

审计报告的意见类型共有4️⃣种基本类型，但也有时也会根据情况附带强调段和其他事项段.

我们𝐊𝐓𝐏过去𝟐𝟎年发布任审计何报告 :

1️⃣、无保留意见。

财务报表在所有重大方面按照适用的财务报告编制基础编制并实现公允反映。这类审计报告在形式上并没有附加保留意见段，作用是证明财务报表在所有重大方面都是公允的。

2️⃣、保留意见。

错报单独或汇总起来对财务报表影响重大，但不具有广泛性。或者，注册会计师无法获取充分、适当的审计证据以作为形成审计意见的基础，但认为未发现的错报(如存在)对财务报表可能产生的影响重大，但不具有广泛性。这类审计报告在正文中附加保留意见段，作用是证明财务报表除保留意见所涉内容之外的所有重大方面都是公允的。

3️⃣、否定意见。

在获取充分、适当的审计证据后，如果认为错报单独或汇总起来对财务报表的影响重大且具有广泛性。这类审计报告在正文中附加否定意见段，作用是证明财务报表受否定意见段提及内容的影响，无法公允反映企业的财务状况、经营成果及现金流量情况。

4️⃣、无法表示意见。

无法获取充分、适当的审计证据以作为形成审计意见的基础，但认为未发现的错报(如存在)对财务报表可能产生的影响重大且具有广泛性。这类审计报告在正文中附加说明段，作用是证明注册会计师受说明段提及内容的影响，无法对财务报表的公允性发表审计意见。

秘️𝐌𝐈𝐀 𝐀𝐀𝐏𝐆 𝟒

RECOMMENDED PRACTICE GUIDE 14 Auditors’ report on financial statements prepared in accordance with Malaysian Private Entities Reporting Standard (MPERS) and Companies Act 2016

https://bit.ly/2FZMZFo

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

2022 年预算摘要 - 中小企业版

2022 年预算摘要 - 中小企业版
View Full Size

2022 年预算摘要 - 中小企业版

退税

设立新中小型企业的退税 20,000 令吉延长至 2022 年 12 月 31 日.

税亏损

公司将能够将亏损从 7 个课税年延长至 10 个课税年.

分期还税

中小企业的每月税款分期付款延期 6 个月至 2022 年 6 月 30 日

税收估算

2022 年 10 月 31 日之前所有企业在第 11 个月的特别税收估计修订.

租金减免

对租户的租金减免（应至少为 30%）延长至 2022 年 6 月特别税收减免

装修

营业场所翻新可获高达 RM300,000 的税收减免延长至 2022 年 12 月 31 日.

汇入马来西亚的外国收入

汇入马来西亚的外国收入将从 1/1/22 开始征税。 包括公司和个人在内的所有纳税居民。

间接税

一项针对间接税的特殊自愿披露计划 (SVDP) 将被引入并减免罚款。

特别再投资津贴

特别再投资津贴延长 2 年至 2024 课税年 .

产业税

产业税税率从 5% 降至 0%产业收购后第 6 年及以后

佣金预扣税

支付给代理、经销商或分销商的佣金需缴 2% 的预扣税。 前一个课税年度的门槛高于 RM100,000。

未用再投资津贴

连续7个YA 的 untilised RA 的时间限制包括Special RA.

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

A summary of budget 2022 SME edition

A summary of budget 2022 SME edition
View Full Size

A summary of budget 2022 SME edition

Tax rebate

Extension of tax rebate up to RM20,000 for establishment of new entities and operating micro, SMEs from 1 July

Tax losses

Companies will be able to carry forward losses from 7 year of assessment to 10 year of assessment.

Tax instalments

Deferment of monthly tax instalment payments for micro, SMEs for 6 months until 30 June 2022.

Tax estimation

Special tax estimate revision in the 11 month of the basis period for all businesses before 31 October 2022.

Rental relief

Rental reduction (shall be at least 30%) to tenants of business premises is given a special tax deduction equivalent to the amount of rental reduction extended until June 2022.

Renovation

Tax deduction of up to RM300,000 on the eligible cost of renovation and refurbishment of business premises incurred extended until 31 December 2022.

Foreign income remitted to Malaysia

Foreign income remitted into Malaysia will be subjected to tax from 1/1/22. It is applicable to all tax residents which include companies & individuals.

Indirect taxes

A special voluntary disclosure program (SVDP) for indirect taxes will be introduced with penalty remission.

Special reinvestment allowance

Special reinvestment allowance extends to YA 2024 for another 2 years.

RPGT

RPGT rate for disposal made in the 6th and subsequent years after acquisition to be reduced from 5% to 0%.

Withholding tax on commission

2% withholding tax on payment made to resident agents, dealers or distributor. Threshold is above RM100,000 in the immediately preceding YA.

Unutilised reinvestment allowance

The time limit on the carry forward of untilised RA for 7 consecutive YA included Special RA and commence from YA 2025.

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

Tax Penalty for Not Filing Tax Return

Tax Penalty for Not Filing Tax Return
View Full Size

Tax Penalty for Not Filing Tax Return

What happens if taxpayers don’t file tax return ?

Under S113 of the Income Tax Act RM200.00 to RM20,000.00 / Imprisonment for a term not exceeding 6 months / Both.

Next come “Tindakan Pendakwaan” (Prosecution Action).

Reasonable Excuse

Is “my company is closed down due to covid” a reasonable excuse not to file tax return?

Taxpayers tax numbers will not automatically be closed because taxpayers do not file tax return.

Final word

Don’t forget SSM, EPF, SOSCO, HRDF, RMC …

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

Voluntary Winding Up by Members

Voluntary Winding Up by Members
View Full Size

Voluntary Winding Up by Members

The process of members voluntary winding up :

  • Director(s) make declaration of solvency.

  • Declaration of solvency & statement of affairs must lodged with SSM registrar 5 weeks before members’ meeting.

  • Notice to members for meeting.

  • Vote for resolution and appoint liquidator during the meeting.

  • Liquidator manages all affairs and distribute the assets of the company after the meeting.

  • Pay off the debts within 12 months after resolution passed by members.

  • If cannot pay off debts within 12 months, liquidator shall call for meeting with creditors 3 months or less before expiration of 12 months.

  • During the meeting with creditors, the creditors may appoint liquidator for the company, in which it is converted to voluntary winding up by creditors.

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

Stoppage Order LHDN

Stoppage Order LHDN
View Full Size

Stoppage Order LHDN

Stoppage Order is to prevent persons from leaving Malaysia

The Stoppage Order on individuals or company directors who have arrears in their income tax, real property gains tax (RPGT) or company tax.

How to revoke Stoppage Order?

  • The taxpayer must pay the tax arrears in FULL, based on the amount stated in the certificate issued.

How to temporary release the Stoppage Order?

  • A minimum payment of 50% of the tax arrears has been made.

  • The taxpayer shall contact the IRBM branch office that handles the taxpayer's file, at least 7 days before travelling abroad.

  • Submit an application letter on the place of destination, the purpose and the duration of the visit.

Taxpayers can check the status of the stoppage order before going abroad at

http://sspi.imi.gov.my/sspi/.

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

EPF roll out free E-Payroll to employers

EPF roll out free E-Payroll to employers
View Full Size

EPF launched free E-Payroll

Purposes

The objective is to help SMEs have a FREE digitalize payroll system to rely on, while processing their payroll 

E-Payroll is a free-to-use Payroll system which will be provided to all employers registered under i-Akaun Majikan.

Benefits

• Easy to access & use

• Accurate calculation & save time

• Generates monthly files (i.e. payslips & statutory files)

• Auto calculation of the contribution and payment of EPF, SOCSO, EIS, HRDF & PCB

• Auto-generation of EA form

How to use

You are only required to log in Employer’s I-Account and enjoy the E-Payroll functions.

公积金局推出免费 E-Payroll系统 

目标是帮助中小企业在处理薪金的同时拥有一个可以依赖的免费电子薪金系统。

E-Payroll是一个免费使用的薪金系统，提供给所有有注册i-Akaun Majikan的雇主。

好处：

• 容易使用

• 精准计算和省时

• 能提供每月薪金单和有关当局表格

• 自动计算EPF, SOCOS, EIS, HRDF & PCB

• 能提供每年的Form EA

您只需登入雇主的I-Account，即可享受电子薪金功能。

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

两个重要改变 关于预扣税（withholding tax）

两个重要改变 关于预扣税（withholding tax）
View Full Size

两个重要改变 关于预扣税（withholding tax）

1. 预扣税（withholding tax）已能网上支付？

相信大家对预扣税已经相当熟悉了，那么今天我们就为大家整理一份预扣税网上付款的宝典!

话不啰嗦，我们马上开始吧!

支付预扣税的途径包括：

i. 电汇 (TT)

ii. 银行转账 (IBG)

iii. 电子资金转账 (EFT)

备注：预扣税无法在银行柜台进行付款

税务局的银行户口资料如下：

  • 收款者：Ketua Pengarah Hasil Dalam Negeri

  • 银行名称及地址：CIMB Bank Berhad, Cawangan Jalan Tuanku Abdul Halim, Tingkat Bawah Blok 8, Kompleks Pejabat Kerajaan, Jalan Tuanku Abdul Halim, 50480 Kuala Lumpur

  • 银行户口号码：8000766957

  • 银行国际代码：CIBBMYKL

  • 税务局公司注册号码：GB0000010X

需要呈交至税务局的文件：

i. 已填写的预扣税表格 (CP37/CP37A/CP37D/CP37E/CP37F/CP37G/CP147)

ii. 副本发票

iii. 支付给供应商的付款证明，例如：银行转账单

iv. 支付给税务局的付款证明，例如：电汇单或银行转账单

以上的4份文件都需要在付款预扣税的当天，用电邮的方式发至此网址 helpTTpayment@hasil.gov.my

最后税务局会在收到付款和以上4份完整文件后发出正式收据

2. 支付佣金中预扣税（withholding tax）

在支付佣金给代理/经销/分销商时要扣除 2%的预扣税;

没有扣税2%预扣税，并在30天内上缴税收局，有关佣金将不能用来扣税.

如果你们还想了解预扣税可以点击一下:

• 马来西亚预扣税(𝐖𝐢𝐭𝐡𝐡𝐥𝐝𝐢𝐧𝐠 𝐭𝐚𝐱)的规则概述 (1)

https://www.facebook.com/www.ktp.com.my/posts/4400954049946855

• 马来西亚预扣税(𝐖𝐢𝐭𝐡𝐡𝐥𝐝𝐢𝐧𝐠 𝐭𝐚𝐱)的规则概述 (2)

https://www.facebook.com/www.ktp.com.my/posts/4400984913277102

• 马来西亚预扣税(𝐖𝐢𝐭𝐡𝐡𝐨𝐥𝐝𝐢𝐧 𝐭𝐚𝐱)的规则概述 (3)

https://www.facebook.com/www.ktp.com.my/posts/4401018163273777

• 马来西亚预扣税(𝐖𝐢𝐭𝐡𝐡𝐨𝐥𝐝𝐧𝐠 𝐭𝐚𝐱)的规则概述 (4)

https://www.facebook.com/www.ktp.com.my/posts/4436166409758952

• 马来西亚预扣税(𝐖𝐢𝐭𝐡𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐭𝐚𝐱)的规则概述 (5)

https://www.facebook.com/www.ktp.com.my/posts/4476953295680263

• 𝐃𝐨 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐭𝐚𝐱𝐩𝐚𝐲𝐫 𝐜𝐚𝐧 𝐞𝐧𝐣𝐨𝐲 𝐚 𝐋𝐎𝐖𝐄𝐑 𝐰𝐢𝐭𝐡𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐭𝐚𝐱 𝐨𝐧 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 (𝐫𝐨𝐲𝐚𝐥𝐭𝐲, 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭, 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐟𝐞𝐞) 𝐭𝐨 𝐧𝐨𝐧-𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭?

https://www.facebook.com/www.ktp.com.my/posts/5414432998598950

• 𝐃𝐨 𝐭𝐡𝐢𝐬 𝐭𝐨 𝐞𝐧joy 𝐋𝐎𝐖𝐄𝐑 𝐰𝐢𝐭𝐡𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐭𝐚𝐱 (𝐖𝐇𝐓) 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐚𝐝𝐯𝐞𝐫𝐭𝐢𝐬𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐆𝐨𝐠𝐠𝐥𝐞 & 𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤

https://www.facebook.com/www.ktp.com.my/posts/4571017262940532

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

Foreign source income taxable in Malaysia

Foreign source income taxable in Malaysia
View Full Size

Foreign source income taxable in Malaysia

Finance Bill additional information on foreign sourced income remitted into Malaysia will be subjected to tax from 1/1/22.

  • The proposed tax ruling is applicable to all tax residents (companies & individuals).

  • The scope covers all classes of income from business, salary & passive income (eg dividend, interest, royalty & etc).

  • The transitional period from 1/1/22 to 30/6/22 whereby foreign source income remitted to Malaysia is taxed at 3% on gross income.

  • From 1/7/22, any foreign source income remitted to Malaysia will be subjected to the current prevailing rate.

KTP takeaways
There are questions to be answered:

  • How about capital gain in foreign country remitted to Malaysia?

  • How about the foreign exchange on the remittance?

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

Do I need to do Transfer Pricing Documentation (TPD) every year?

Do I need to do Transfer Pricing Documentation (TPD) every year?
View Full Size

Overview:

Due to the subjective nature and new implementation of rules and penalty for transfer pricing, it is important for taxpayer to understand What is transfer pricing, Who is involved and How should we deal with it.

We have run through 2 e-KTP on Transfer Pricing. Just in case you missed out, you may retrieve here: -

e-KTP 179: Part 1 – Associated Persons

e-KTP 180: Part 2 – Controlled transaction

Key takeaways:

You will understand: -

1. Importance of Transfer Pricing Documentation (TPD)

2. Requirement of Transfer Pricing Documentation

3. The frequency to update the Transfer Pricing Documentation

Summary of learnings:

A) Importance of Transfer Pricing Documentation

The documentation is crucial for taxpayer to prove that the related party transactions are conducted at arm's length especially the visit of LHDN.

TPD can act as a defense document during a transfer pricing audit to reduce any potential disputes. Without TPD, this may lead to additional tax payables on transfer pricing adjustment and subsequent penalty.

B) Requirement of Transfer Pricing Documentation

Transfer Pricing Guidelines 2012 requires taxpayer to prepare and keep the transfer pricing documentation which consists of the relationship between the associated person, transactions occurred between each parties and all available information on proofing that they are doing within arm's length.

LHDN has provided a leeway for companies below the threshold to prepare a simpler version of TPD.

But should I prepared the contemporaneous (full) or abbreviate (partial) TPD? Let’s click here to have a simple test and more details.

C) The frequency to update the Transfer Pricing Documentation

There are 3 types of information which requires regular update.

1) Financial data – update annually

2) Benchmarking analysis – every 3 years

3) Other material changes – update when necessary

Such as changes on transfer pricing policy or business activities or economic downturn and so forth.

Sources:

Transfer Pricing Guidelines2012:

http://phl.hasil.gov.my/pdf/pdfam/MalaysianTransferPricingGuidelines2012.pdf

Transfer Pricing Guidelines - Chapter XI Documentation:

http://www.hasil.gov.my/bt_goindex.php?bt_kump=5&bt_skum=20&bt_posi=1&bt_unit=1&bt_sequ=7&bt_lgv=2

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

2019 年关于工人住房和便利设施最低标准的第 446 号法案（修正案）

2019 年关于工人住房和便利设施最低标准的第 446 号法案（修正案）
View Full Size

2019 年关于工人住房和便利设施最低标准的第 446 号法案（修正案）

大马半岛人力局总监阿斯里拉曼披露，该局在今年2月至11月的检举行动中，发现多达

50.18%雇主(1万7105个)没有遵守《2021年员工房屋、住宿和设施基本标准(修正)法令》(446法令)，开出总额914万9000令吉的罚单。

他表示，接受检查的3万4088个雇主，将7万1719名本地员工和93万8508名外籍劳工安置在15万185个宿舍，其中大部分雇主没有申请宿舍认证。

来源：星洲日报

https://www.sinchew.com.my/?p=3400697

可用作工人宿舍的建筑物类型

  • 房子

  • 店屋

  • 平房

  • 公寓/公寓

  • 屋苑

  • 写字楼

  • Cabin 舱

  • SoHo / SoFo

基本设施要求

  • 浴室和卫生间（单独或联合）。 1 个厕所 = 6 名员工

  • 厨房

  • 卧室

  • 带椅子和桌子的餐厅

  • 休息区

  • 急救箱

  • 垃圾桶

  • 挂衣服的空间

  • 灯

  • 粉丝

  • 灭火器（如有）

床和个人柜的规格

需要将这些提供给每位员工，而员工不能共享它们。

  • 一张不小于1.7平方米的床（单人床或双层床）

  • 厚度不小于4英寸的床垫

  • 枕头和毯子盖

  • 带锁个人柜（0.35m 长 x 0.35m 宽 x 0.9m 高）

雇主可以联系最近的劳工办公室或马来西亚半岛劳工部，布城或通过 JTKSM 网站。 您也可以发送电子邮件至 jtksm@mohr.gov.my

PS : Past KTP social Media posting - Discover new ruling on hostel to worker on 7/9/2020

https://www.facebook.com/www.ktp.com.my/posts/4345732205469040

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

SSM提醒商家提防假冒Auditor

SSM提醒商家提防假冒Auditor
View Full Size

SSM提醒商家提防假冒Auditor

2016 - 2019 年期间，总共发生了 13 单假冒 Auditor 事件. 公司委员会 SSM 已经忍无可忍了，因此特地发布了一项提醒商家提防假冒Auditor文告.

五个特征假冒的 Auditor as per SSM :

1. 收费非常便宜

2. 假冒的审计师会要求商家把 Audit Fee 转账至非受认证审计公司的银行户头.

3. 假冒签名假冒 report

4. 一条龙包山包海 services

5. 伪装成合格审计师

可以通过 MIA 网站查询审计师 (auditor)

https://www.mia.org.my/v2/membership/services/member_firms_directory.aspx

可以通过 MIA 网站查询会计师 (accountants)

https://www.mia.org.my/v2/membership/services/member_search.aspx

可以通过 IRB 网站查询 税务代理人 (tax agent)

https://mycukai.treasury.gov.my/portal/carian-lhdn-public

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

SOCSO free Covid 19 self-test kit to employer

SOCSO free Covid 19 self-test kit to employer
View Full Size

SOCSO free Covid 19 self-test kit to employer

SOCSO will provide Covid-19 self-test kits to employers for their staff to do screening tests.

Test kits will base on the number of employees who actively contribute to SOCSO.

The objective is to help employers so that they are able to perform the Covid-19 screening test in a shorter time frame.

Check out SOCSO’s official website at www.perkeso.gov.my or contact SOCSO’s Careline at 1-300-22-8000..

It is very easy and fast based on our experience.

 

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

海外收入汇回大马时 将被征税

海外收入汇回大马时 将被征税
View Full Size

海外收入汇回大马时 将被征税

不要忘记双重税收减免 (可扣除已在国外缴纳的税务)

以前，大马只对在该国产生或来自该国的收入征税, 居民的外国收入在大马 不征税.

但 … 2022 年 1 月 1 日起

海外收入汇回大马时将被征税

双重税收减免

税务居民有权在大马税收中申请双重税收减免.

如果存在条约，可用的抵免税额为已支付的全部外国税款或征收的大马税款，以较低者为准.

在没有税收协定的情况下，可用的抵免仅限于已付外国税款的一半.

双重征税协定 (DTA)

双重征税协定 (DTA) 的目标是避免或尽量减少双重征税.

这主要是通过居住国给予双重税收减免.

支付的外国税款可以在相同利润的大马税款中抵免.

如何申请双重税收减免

税收协定减免可以在纳税人的所得税申报表中提出, 也可以在相关年度结束后的两年内提出协定减免的书面请求。

马来西亚的双重征税条约

截至 2019 年 6 月 21 日，大马 DTA 的列表

https://www.hasil.gov.my/bt_goindex.php?bt_kump=5&bt_skum=5&bt_posi=4&bt_unit=1&bt_sequ=1&bt_lgv=2

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

2021 Employment Act Amendment Malaysia

2021 Employment Act Amendment Malaysia
View Full Size

2021 Proposed Amendments to the Employment Act tabled in Parliament

On 25 October 2021, the Employment (Amendment) Bill 2021 (“Bill”) was tabled before Parliament for the first reading.

Proposed amendments to the Employment Act 1955 (“EA”) have been long overdue; the Bill tabled differs substantially from its first iteration uploaded on the Ministry of Human Resources’ website in 2018.

Key summaries of the proposed changes

1. Maternity leave

2. Paternity Leave

3. Flexible Working Arrangements

4. Sexual Harassment

5. Presumptions of employment

6. Working Hours

7. Calculation of wages for incomplete month’s work

8. Apprentices

9. & mores

Source :

Donovan & Ho

https://dnh.com.my/2021-proposed-amendments-to-the.../

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

How to amend tax return after filing

How to amend tax return after filing
View Full Size

How to amend tax return after filing

Overview

Inland Revenue Board (IRB) allows taxpayers to file an Amended Return Form (ARF) if taxpayers need to fix an error or mistake and result in under-payment of taxes.

However, how about if the taxpayer has overpaid the taxes because forgot to claim a tax credit or deduction in Income Tax Return Form (ITRF)? Don't worry, the taxpayer can make an application for relief under Section 131 and 131A of the Income Tax Act 1967 (ITA).

Let's see the conditions and procedure to be satisfied with the application.

Key takeaway:

You will understand:

1. What is considered an error or mistake in ITRF?

2. What are the time frames for the application?

3. What are the conditions for application?

4. How to apply for relief?

Summary of learning:

What is considered an error or mistake in ITRF?

The taxpayer had paid excessive tax because of the following reason:

- Error or omission to deduct an allowable expense

- Arithmetical error

- Misleading of laws

- Income for the previous YA is reported in current YA

- Other non-error or mistake, for example, approval of tax exemption under Promotion of Investment Act 1986.

What is the conditions for application?

The conditions under Section 131 and Section 131(A) of ITA are:

1. To take note that the application will not be considered if the ITRF is in accordance with known stand, rules and practices the DGIR prevailing at the time when the assessment is made.

o Example of the known stand, rules and practices are private ruling or advances ruling, guidelines by IRB, case law and any other written evidence.

2. Taxpayer must pay all the taxes for the relevant year of assessment.

3. Taxpayer must make an application within the time frames after the year assessment.

What are the time frames for the application?

The application for the relief can be made within the following time frames:

i. Within 5 years after the end of the year:

o The errors or mistakes found after the end of the year of assessment in which the assessment is deemed.

o Approval of any exemption, relief, remission, allowance or deduction is granted after year assessment in which the ITRF is furnished; or

o Deduction is granted under ITA or written law gazetted after the ITRF is furnished;

ii. Within 1-year after the end of the year:

o Deduction on expenses is allowed after the payment of withholding tax and related increased taxes.

How to apply for relief?

Taxpayers can make an application for relief by a letter or Form CP15C by stating the reason in detail relating to the application.

Sources:

Public Ruling 7/2020 Appeal Against An Assessment And Application For Relief

https://phl.hasil.gov.my/pdf/pdfam/PR_07_2020.pdf

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

Overview of Transfer Pricing Threshold Malaysia

Overview of Transfer Pricing Threshold Malaysia
View Full Size

Overview of Transfer Pricing Threshold Malaysia :

Every taxpayer who has entered into controlled transactions with “associated persons” is required to prepare transfer pricing documentation.

However, the compliance requirements for transfer pricing documentation may differ depending on the factors, such as gross business income, amount of related party transactions or financial assistance.

Key takeaways:

You will understand: -

1. Duty to prepare transfer pricing documentation

2. Threshold to determine the compliance requirements

Summary of learning:

A) Duty to prepare transfer pricing documentation

i. Taxpayer is required to ensure all related party transaction to be conducted at arm’s length price, i.e. the price which would have been determined if such transactions were made between independent entities under the same or similar circumstances.

ii. Therefore, transfer pricing documentation is important to setting the inter-company pricing arrangements for the controlled transactions.

iii. Example of controlled transactions:

a. Sales or purchases of raw materials, stock in trade or other tangible assets;

b. Royalties / license fees / other types of considerations in connection with use of intangible assets;

c. Management fees including charges for financial, administrative, marketing and training services;

d. Research and development;

e. Any other services not previously mentioned;

f. Rents / lease of assets;

g. Interests; or

h. Guarantee fees.

B) Transfer pricing threshold

i. According to Transfer Pricing Guidelines, taxpayers have to prepare Contemporaneous Transfer Pricing Documentation (full documentation) if:

- Gross business income exceeding RM25 million, and total amount of related party transactions exceeding RM15 million; or

- Provision of financial assistance exceed RM50 million.

ii. Taxpayers who fall outside the above threshold may opt to prepare Abbreviated Transfer Pricing Documentation.

Stay tune in our next ektp on “contents in transfer pricing documentation”

Sources:

- Transfer Pricing Rules 2012:

http://phl.hasil.gov.my/pdf/pdfam/MalaysianTransferPricingGuidelines2012.pdf

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

Transfer pricing penalty from LHDN

Transfer pricing penalty from LHDN
View Full Size

Transfer pricing penalty from LHDN

Budget 2021 was announced on 06.11.20, Inland Revenue Board of Malaysia (IRBM) has proposed a new Section 140A(3A) to penalize incompliance of Transfer pricing (TP) rule.

As we can see, transfer pricing has becoming increasingly important and practically all tax payers that have related party transactions need to pay attention to this penalty.

In simple terms, taxpayer who has entered into controlled transactions with “associated persons” is required to prepare transfer pricing documentation.

Key takeaways:

You will understand: -

1. Who is “Associated person”

2. Penalties for non-compliance

Summary of learnings:

A) Associated persons:

i) person one of whom has control over the other. For examples: companies are having a common director or shareholder.

ii) individuals who are relatives of each other. For examples such as parent, a child, brother, sister, uncle, aunt, nephew, niece, cousin, an ancestor or a lineal descendant.

iii) persons both of whom are controlled by some other person. For examples:

(a) Holding and subsidiary company

(b) associated company (who having same holding company)

B) Penalties for non-compliance:

IRB will issue a letter (request for documents and information) to the taxpayer. The taxpayer is required to reply to the letter within 14 days and submit TP documentations within 30 days.

i) Failure to prepare TP documentations or TP documentations not prepared according to TP guideline: -

30% to 50% penalties on additional tax payables

With effective of 1/1/2021,

ii) Taxpayers that fail to submit TP documentation within 30 days upon request can be fined between RM20,000 and RM100,000 and/or to imprisonment for a term not exceeding six months

iii) A ‘Surcharge’ up to 5% of the total TP adjustments might be imposed. (This is to imposed penalty on company not paying taxes after the TP adjustments)

Sources:

- Transfer Pricing Rules 2012:

http://www.hasil.gov.my/bt_goindex.php?bt_kump=5&bt_skum=20&bt_posi=1&bt_unit=1&bt_sequ=3&bt_lgv=2

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 

17181920212223242526

 

THK Group of Companies THK Management Advisory Sdn Bhd 200401000220 (638723­X) THK Secretarial PLT 202304003367 (LLP0037327-LGN)

Wisma THK, No. 41, 41-01, 41-02, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru, Johor, Malaysia.
+6012-771 7903 (Secretary Department)
+6012-771 7803 (Account Department)
+607-361 3443

QUICK LINK

 

PDPA Form

 
 
 
© 2020 - 2024 THK Management Advisory Sdn Bhd      200401000220 (638723-X) | Privacy Policy
Visitors: 859035
Powered by NEWPAGES
Switch to Mobile Version
Subscribe Newsletter