Blog

100% tax deduction on your donation in Malaysia.

100% tax deduction on your donation in Malaysia.
View Full Size

3 simple ways for 100% tax deduction on your donation in Malaysia.

一方有难,八方支援,

最近,看到很多慷慨人士都乐于捐款,雪中送炭。

如果捐款又能扣税,岂不美哉。

Recently, many peoples are actively making donations and great contributions to society.

But, can we enjoy a tax deduction for this donation?

我要怎么知道捐款是否可以拿来扣税呢?我要上哪里看?可以到以下LHDN 官网输入机构名字查询。

May refer to the link below to check whether your donation is tax-deductible.

http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=6&bt_posi=1&bt_unit=8&bt_sequ=1

捐款收据必须包括以下资料才符合扣税资格: 

The official receipt must include the following information in order for tax deduction: 

1 机构名字和地址  Name and address of institution  

2 收据编号Printed serial number 

3 日期 Date 

4 捐款人姓名,IC/Passport ,公司注冊號  Donor’s name, IC/Passport, business registration number 

5 捐款数额Amount of donation 

6 收款人职位Collector’s designation 

7 收据上注释Stated with following note:  (See the attachment as above) 

但扣税额度是有限制的: 

Do you know the donation to the organization are tax deductible when donate to approved organization under subsection 44 (6) of Income Tax Act 1967? 

However, there is restriction on allowable deduction for different level: 

个人所得税 Personal tax 

From YA 2020, restriction on allowable deduction increased from 7% to 10% of aggregate income  

公司所得税 Company tax  

Restriction on allowable deduction 10% of aggregate income   

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 

 

 

新加坡人Slang 我们 beh tahan

新加坡人Slang 我们 beh tahan
View Full Size

新加坡人Slang 我们 beh tahan

''你们联邦人....'' 是我们 auditor 平常最容易听到的 新加坡 slang.

我们收集了一些最常用的新加坡 slang + 如何使用它们.你中了多少条 新加坡 slang?

也许只有南马的做会计才看得懂, 听得懂!

''You federal people..'' Don't assume this is one of the lines from the Hunger Game movie.

Sadly it is not.

This is what we Malaysian must learn and understand the Singapore slang.

We've gathered some of the most commonly used Singlish words and phrases (collectively termed as slang), followed by how to use them...

  1. Wah lau! So expensive!

  2. You siao ah!

  3. Can you talk to your government?

  4. Chop!

  5. I kena super high tax.

  6. Don’t be so kiasu lah!

  7. You are sotong blur.

  8. Shiok ! If you give me more discount.

  9. So sian ! With this news.

  10. Your fee so atas.

  11. I pokkai if I pay this fee.

  12. Damn suay if I see you again next year.

  13. You think we are yaya papaya company.

  14. Jio me next time if gomen give goodies.

  15. Whatever you say is right lor.

  16. Your government damn guai lan.

  17. What time already?

  18. Pai she ! cannot come into Malaysia.

  19. Kao pei kao bu lah. Your staff always want this want that.

  20. Your chio bu staff not good.

  21. Eee-yer ! Your fee beh siang lar.

  22. Jialat lah if you don’t help me.

  23. Steady lah.

  24. Liddat win liao lor.

  25. Simi is this?

  26. Your office is so ulu.

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 

 

 

IRBM Newsletter July 2021

IRBM Newsletter July 2021
View Full Size

IRBM Newsletter July 2021

Beware taxpayers!

Look like the tax authority will focus on the following tax issues in July IRB official newsletter

1. Digital business

2. Tax clearance letter (TCL)

Digital business

Digital business refers to economic activities that use digital technology. Any business transaction conducted through digital technology is considered as a digital business, even if the payment and delivery related to the transaction is physically conducted.

Individuals or companies that engage in digital businesses in Malaysia are subject to the Income Tax Act 1967. Examples of the digital business sectors are:

a) Retail: dropship, agents, stockists and others

b) Healthcare: sale of healthcare products

c) Advertising: Bloggers, Instafamous, Youtubers, Live Streamers

Tax clearance letter (TCL)

Tax Clearance Letter (TCL) is a certificate issued by the IRBM to employers related to the income tax of employees, who are about to cease an employment / retire / want to leave Malaysia or employees who have died. For individuals who receive income other than employment, the heir or appointed executor is responsible for making a tax settlement in the event of the taxpayer's death.

The employer must inform the IRBM not less than 30 days before the date of termination / retirement / the employee is expected to leave Malaysia, or not later than 30 days after being notified of the employee's death.

The employer also must withhold any part of the money that will or can be paid to the employee until receiving the TCL from the IRBM.

The application for tax clearance can be made via:

a) e-SPC via the MyTax link (by employers only)

b) Manual submission to the IRBM branch that handles the relevant

individual tax file, using the following application forms:

i) CP22A: For private employees

ii) CP22B: For civil servants

iii) CP21: Employees who will leave Malaysia

Feel free to read our past sharing on tax clearance letter :

a) e-SPC via the MyTax link (by employers only)

What is the MyTax app? 你知道什么是“MyTax”吗?

https://www.facebook.com/512614135447552/posts/5116826965026223/

b) 8 out 10 HR don’t do this for IRB (According to our experience)

https://www.facebook.com/512614135447552/posts/4846405612068361/

c) Employer Tax Obligation under Income Tax Act - Resignation & New Employee

https://www.facebook.com/512614135447552/posts/4934567523252169/

Source :

IRB July newsletter

http://phl.hasil.gov.my/.../e_Newsletter_Hasil_Edition_7...

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 

 

 

FAQ on EPF - Payment subject to EPF

FAQ on EPF - Payment subject to EPF
View Full Size

FAQ on EPF - Payment subject to EPF

Commonly asked questions on EPF :

1. Can employer not paying EPF Malaysia?

2. What payment is not liable for EPF contribution?

3. How to avoid paying EPF?

Or we ask you the following questions :

  1. Did your boss underpay on your EPF contribution?

  2. Did you pakat with your boss to reduce EPF contribution?

Any agreement to do so is illegal according to the law. Imprisonment term not exceeding 3 years or to a fine not exceeding RM10,000 or both.

Payment subject to EPF

  1. Salary

  2. Payment for unutilized annual and medical leave

  3. Bonus

  4. Allowance

  5. Commission

  6. Wages for half day leave

  7. Incentives

  8. Arrears of wages

  9. Wages for maternity leave

  10. Wages for study leave

  11. Other payments under services contract or otherwise

Payments no subject to EPF

× Service charge

× Gratuity

× Overtime payment

× Retirement benefit

× Retrenchment, temporary layoff or termination benefits

× Any travelling allowance or the value to any travel concession

× Any other remuneration or payment as may be exempted by the minister

Source from KWSP:

https://www.kwsp.gov.my/member/contribution/mandatory-contribution#WhatIsDeducted

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 

 

 

SME Corp MeetMe

SME Corp MeetMe
View Full Size
马来西亚中小企业机构(SME Corp)推出MeetMe平台,旨在为面对冠病疫情危机的中小企业提供咨询服务,以改善交付系统及让他们获得援助机会.
Read the full story in our blog
Source :
南洋商报 2021年07月18日
https://bit.ly/3rqNtIf

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)
𝐓𝐇𝐊 (𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐚𝐥, 𝐀𝐜𝐜𝐨𝐮𝐧𝐭/𝐏𝐚𝐲𝐫𝐨𝐥𝐥, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲)
𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞
(𝐎𝐮𝐫 𝐢𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐟𝐨𝐫 𝐨𝐮𝐫 𝐜𝐨𝐥𝐥𝐞𝐚𝐠𝐮𝐞𝐬)
𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫
(𝐎𝐮𝐫 𝐞𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐣𝐨𝐛 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐟𝐨𝐫 𝐢𝐧𝐭𝐞𝐫𝐧𝐬, 𝐠𝐫𝐚𝐝𝐮𝐚𝐭𝐞𝐬 & 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞𝐝 𝐜𝐚𝐧𝐝𝐢𝐝𝐚𝐭𝐞𝐬 )
We are one-stop (2️⃣0️⃣years+ history) audit, tax, secretarial, accounting, and payroll firms that commit to help and grow our clients' business.

6% SST on directors' salary?

6% SST on directors' salary?
View Full Size
Do you know director's fee/remuneration is subject to SST (6%) ....?
RMCD Guide On Professional Services - V3 As at 06 October 2020 Page 12 state :
A person appointed as non-executive director on his personal capacity under contract for service to provide expert opinion.
The director under a contract for service may charge fee to the companies and such fees are subject to service tax.
However,
If a person is appointed as a director on the capacity of his post (contract of services) or under employment with the company, is not subject to service tax.
Source
RMCD Guide On Professional Services - V3
PS : Directors' allowance, BIK, disbursement & reimbursement is not subject to SST.
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)
𝐓𝐇𝐊 (𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐚𝐥, 𝐀𝐜𝐜𝐨𝐮𝐧𝐭/𝐏𝐚𝐲𝐫𝐨𝐥𝐥, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲)
𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞
(𝐎𝐮𝐫 𝐢𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐟𝐨𝐫 𝐨𝐮𝐫 𝐜𝐨𝐥𝐥𝐞𝐚𝐠𝐮𝐞𝐬)
𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫
(𝐎𝐮𝐫 𝐞𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐣𝐨𝐛 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐟𝐨𝐫 𝐢𝐧𝐭𝐞𝐫𝐧𝐬, 𝐠𝐫𝐚𝐝𝐮𝐚𝐭𝐞𝐬 & 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞𝐝 𝐜𝐚𝐧𝐝𝐢𝐝𝐚𝐭𝐞𝐬 )
We are one-stop (2️⃣0️⃣years+ history) audit, tax, secretarial, accounting, and payroll firms that commit to help and grow our clients' business.

做账人最痛苦的事情是什么?

做账人最痛苦的事情是什么?
View Full Size
做账人最痛苦的事情是什么?
大家, 不管你是在会计楼收账做 or 在 commercial 做账, 有没有感觉做账就是一个 #$%@
学做账, 做会计,太难了,想放弃了.
很多同行告诉我们 :
• 老板不懂所得税、不懂会计,但又让按他的要求做账.
• 让老板明白公司的钱不是他的钱
• 给人追钱追到没天没日
• 没整理的文件直接送过来
KTP集团执行主席 Koh Teck Peng 将与两名同事 Ms Caroline & Ms Ester,携手举办线上分享交流:'' 做账的痛苦|做人难! 做账更难!|?''
分享内容:
1. 为什么你会加入这一行?
2. 这一行最挑战的是什么?
3. 怎样算才有Full set account经验?
4. 到底theory 和practical 有什么不一样?
5. Account是不是铁饭碗?
6. 其他
交流会活动
• 日期 :7月21日
• 时间 :11.15am to 12.15 pm
• 地点 :𝐙𝐎𝐎𝐌线上学习
不想错过他们的个人经历, 现在就点击链接免费报名预留位子
𝐏𝐒 : 𝐃𝐮𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐦𝐚𝐱𝐢𝐦𝐮𝐦 𝐧𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐩𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬 𝐢𝐬 𝟏𝟎𝟎 𝐢𝐧 𝐨𝐮𝐫 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞𝐝 𝐙𝐨𝐨𝐦, 𝐰𝐞 𝐦𝐚𝐲 𝐧𝐨𝐭 𝐚𝐜𝐜𝐞𝐩𝐭 𝐚𝐥𝐥 𝐩𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬 𝐨𝐧𝐜𝐞 𝐭𝐡𝐞 𝐦𝐚𝐱𝐢𝐦𝐮𝐦 𝐢𝐬 𝐫𝐞𝐚𝐜𝐡𝐞𝐝.

做账的痛苦

做账的痛苦
View Full Size
作为做账人,你遇到最痛苦的事情是什么?
 
学做账, 做会计,太难了,想放弃了,
大家, 不管你是在会计楼收账做 or 在 commercial 做账, 有没有感觉做账就是一个 #$%@
 
很多同行告诉我们 : 老板不懂所得税、不懂会计,但又让按他的要求做账.
 
来来来. 作为会计楼的我们, 我做了一个清单. 
 
如有雷同, 纯属巧合
 
Read the full story in our blog
https://www.ktp.com.my/blog/pain-in-accounting/16july21
 
PS : We shall conduct a free webinar ''做账的痛苦? 如何做好账目?'' to the public next Wednesday. Stay tuned for the detail for registration.
 
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)
Website www.ktp.com.my
Instagram https://bit.ly/3jZuZuI
Linkedin https://bit.ly/3sapf4l
Telegram http://bit.ly/3ptmlpn
 
𝐓𝐇𝐊 (𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐚𝐥, 𝐀𝐜𝐜𝐨𝐮𝐧𝐭/𝐏𝐚𝐲𝐫𝐨𝐥𝐥, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲) 
Website www.thks.com.my
Facebook https://bit.ly/3nQ98rs
 
𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 
(𝐎𝐮𝐫 𝐢𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐟𝐨𝐫 𝐨𝐮𝐫 𝐜𝐨𝐥𝐥𝐞𝐚𝐠𝐮𝐞𝐬) 
Tiktok http://bit.ly/3u9LR6Q
Youtube http://bit.ly/3ppmjyE
Facebook http://bit.ly/3ateoMz
Instagram https://bit.ly/3jZpKLo
 
𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 
(𝐎𝐮𝐫 𝐞𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐣𝐨𝐛 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐟𝐨𝐫 𝐢𝐧𝐭𝐞𝐫𝐧𝐬, 𝐠𝐫𝐚𝐝𝐮𝐚𝐭𝐞𝐬 & 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞𝐝 𝐜𝐚𝐧𝐝𝐢𝐝𝐚𝐭𝐞𝐬 ) 
Instagram https://bit.ly/3u2PxHg
Facebook http://bit.ly/3rPxz9o
 
We are one-stop (2️⃣0️⃣years+ history) audit, tax, secretarial, accounting, and payroll firms that commit to help and grow our clients' business. 
 
#KTP 
#Thk 
#ktplifestyle 
#ktpcareers 
#AccountProblems
#accountingservices 
#accountant 
#accounting

GKP 4.0 微企援助金

GKP 4.0 微企援助金
View Full Size

GKP4.0微企援助金申请资格 (必须同时符合以下所有条件)

1.马来西亚公民

2.年营业额不超过RM300.000

3.员工人数不超过4个人

4.在2021年6月30日之前已向地方政府/SSM/所得税局注册

5.申请时生意状态仍然是活跃

GKP4.0 微企援助金 - 申请只能在线上申请 gkp.hasilgov.my

GKP4.0 微企援助金开放申请7月15日至7月31日. 9月 RM500 10月 RM500.

GKP1.0,GKP2.0,GKP3.0 将自动获得,无需再申请.

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 

 

 

What You Need to Know About the Tax Incentive on Assets During This Pandemic?

What You Need to Know About the Tax Incentive on Assets During This Pandemic?
View Full Size

What You Need to Know About the Tax Incentive on Assets During This Pandemic?

Overview

On 09.06.2021, The Minister issue a gazette order Income Tax (Accelerated Capital Allowance) (Machinery and Equipment Including Information and Communication Technology Equipment) Rules 2021 that allows higher Capital Allowance (“CA”) rate.

Key takeaway

You will understand the:

· Accelerated Capital Allowance (ACA)

· Information and communication technology equipment (“ICT Equipment”)

· Rate of claiming ACA

· Effect for year of assessment

What is Accelerated Capital Allowance (ACA)?

The Accelerated Capital Allowance (ACA) is a tax incentive scheme that allowed taxpayer to claim a higher rate in the purchase of information and communication technology equipment (“ICT Equipment”).

What is information and communication technology equipment (“ICT Equipment”)?

ICT Equipment means information and communication technology equipment as specified in the following:

ü Access control system;

ü Banking systems;

ü Barcode equipment;

ü Bursters / decollators;

ü Cables and connectors;

ü Computer Assisted Design (CAD);

ü Computer Assisted Manufacturing (CAM);

ü Computer Assisted Engineering (CAE);

ü Card readers;

ü Computers and components;

ü Central Processing Units (CPU);

ü Storages;

ü Screens;

ü Printers;

ü Scanners / readers;

ü Accessories; and

ü Communication and networks

Accelerated Capital Allowance allowed taxpayer to claim the ICT Equipment as follow:

a. Initial allowance: 20% of the QE incurred

b. Annual allowance: 40% of the QE incurred (Normal CA rate is at range of 10% to 20%)

* Qualifying expenditure (“QE”) means amount incurred on purchase of plant or machinery used for the purpose of a business with an expected useful life of more than two (2) years that can claim capital allowance.

Effect for the year of assessment:

These rules are effective from the year of assessment 2020 with incurred the qualifying expenditure from 1 March 2020 until 31 December 2021.

Source:

Income Tax (Accelerated Capital Allowance) (Machinery and Equipment including Information and Communication Technology Equipment) Rules 2021

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 

 

 

为什么我要读书?

为什么我要读书?
View Full Size

很多很多新人, 尤其在外面做过工, 都顶不顺这个读书文化. 他们都会问 ''为什么我要读书''?

所有KTP THK 新人都要在3个礼拜内读完三本书, 要不然他就不会被录取. 结果他们觉得压力很大....不干了!

这就是我们会计楼的公司文化.

这三本书都是很简单的书 :

1. Who Moved my Cheese

2. Fish!

3. Seven Spiritual Law for Success.

你会问以前读的书都忘记了?

你会问以前学过的知识到底可不可以用上?

你会问读书的意义究竟是什么?

这样说吧我们无法记得起我们吃过什么东西, 不过我们吃的东西都长了我们的骨头和肉.

读书其实也是这样哪怕你学过的知识忘记了,但是在长久的学习过程中所养成的逻辑思维和知识碎片.

这就是成长的过程.

读书可能在短的时间内不可以带给我们什么利益, 但是他会慢慢融入我们的思维行为.

所以读书很重要.

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

3件事 KWSP会员在申请i-Citra提款前一定要做

3件事 KWSP会员在申请i-Citra提款前一定要做
View Full Size

3件事 KWSP会员在申请i-Citra提款前一定要做

雇员公积金局(KWSP)将在7月15日开放i-Citra公积金提款的申请. 会员可以从自己的公积金中提款高达RM5,000,也就是每个月最多RM1,000.

在申请i-Citra公积金提款之前,会员受促先检查

1. 使用活跃的银行户口

2. 更新个人资料和银行资料

3. 查看最新的存款额

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

How to Account for a Factory which Rent Out in Accounting and Tax?

How to Account for a Factory which Rent Out in  Accounting and Tax?
View Full Size

What Happens to My Factory When I Rent It Out as I cannot tahan the impact on Covid 19?

We hear you.

Here it goes, sharing with you on ''How to Account for a Factory in Accounting and Tax?''

Accounting implication - Classification

The property would be classified under investment property as their change their intention of holding this building.

Accounting implication - Measurement

The property will be valued at cost, as the client has no intention to determine the market value of the building, due to undue cost or effort

Tax implication- Rental income

The rental income derived from the building will be treated as s4(d) income. as the client does not actively provide maintenance to the tenant. However, the first rental income starts from xxx 2021.

Tax implication-Expenses related to building

According to the PR 12/2018, expenses in respect of a period before the real property is let out are not deductible and have to be adjusted proportionately.

After rented out:

The expense which is allowed a deduction from income of letting of the real property charged to tax under paragraph 4(d) of the ITA is the direct expense that is wholly and exclusively incurred in the production of income under subsection 33(1) of the ITA.

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 

 

 

会计师有前途吗?

会计师有前途吗?
View Full Size

会计师有前途吗? 今天星州日报上有报道会计师将被机器人取代?

我们同意报纸报告...专业会计师不是簿记员.

除了 technical 知识,软技能 soft skill 和其他技能也很重要.

记住..旧地图永远找不到新世界. 永远要保持 lifelong learning. #staystrong

会计向来被视为有保障的行业之一,所以不少家长都会鼓励孩子考取专业会计师资格. 然而,随着人工智能科技越趋成熟,会计师也因此被预测在未来将有可能给机器取代.

面对工业4.0来袭,会计领域的就业率是否有受影响?

不管是经济好或不好的时候,都需要特许会计师来协助企业处理会计事务并给予发展建议. 任何领域都对特许会计师有一定需求.

Now…只不过会计领域的流动率不高,所以空缺不多,导致部分毕业生在获取工作上会有些许延误。

会计人才又该具备怎样的技能,来应对世界的瞬息万变?

记住…专业会计师不是簿记员.

专业会计师将来有可能成为首席财务员和首席执行员,主要的职责是协助企业分析财务,从中提升盈利和业务发展,不是负责输入资料。

除了 technical 知识,软技能 soft skill和其他技能也很重要.

  1. 沟通能力,英语能力,表达想法能力.

  2. 电脑技能及处理数字工具..

  3. 接受改变和预知趋势的能力.

  4. 批判性思考, 创造力, 战略和分析技能 & 战略和分析技能

Source :

星州日报 12/07/21 会计师将被机器人取代?

https://www.sinchew.com.my/content/content_2510414.html

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 

 

 

Extension of time for submission of SST return and payment of tax due on 30 June 2021

Extension of time for submission of SST return and payment of tax due on 30 June 2021
View Full Size

RMC announcement -Extension of time for submission of return and payment of tax due on 30 June 2021

The Royal Malaysian Customs Department (RMC) has recently allowed extension of time until 31 July 2021 for submission of SST-02 form and payment of SST to SST registered persons/manufacturers affected by the MCO 3.0.

The extension of time for submission of SST-02 form and payment of SST is done by waiving the penalties arising from the late submission of SST-02 form and payment of SST.

Registered persons/manufacturers who are late in the submission of their SST-02 returns and payment of SST due to the MCO3.0 can now apply to their respective zone/state RMCD offices for waiver of penalties on the late submission returns and payment SST.

In other words, the waiver of penalties require application in writing to RMC.

It is not automatic given to register persons/manufacturers.

Source
RMC announcement on 9/7/21

http://www.mysst.customs.gov.my/assets/document/Annoucement/Penghantaran%20dan%20pembayaran%20CJ%20dan%20CP%20bagi%20tempoh%20bercukai%20April%20Mei.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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

如何处理 外籍员工

如何处理外籍员工
View Full Size
外籍员工薪水上的事項你掌握了多少呢?
外籍员工和本地员工在薪水上面究竟有何不同, 每个人有不一样的说法,
相信还是有很多人''懵查查''。我们就别再道听途说了, 快来看看我们整理出来的懒人包吧!
1. 雇用外籍员工的条例
1.1 60K 提供资料的义务
雇主必须在雇用外籍员工的14天内将外籍员工的详细资料(Form PA 1)提交至劳工部,该资料的格式将由劳工局局长决定。
在总监要求时,雇主应按照总干事指示的方式和时间间隔提交与雇用外籍员工有关的详细信息。
如外籍员工的服务被终止
a) 由雇主;
b) 由外籍员工;
c) 马来西亚移民局发给外籍员工的就业准证到期时;
d) 外籍员工被遣返或驱逐出境后,雇主应在外籍员工服务终止后的 30 天内通知总监。(Form PA 2)
1.2 60L 总监可调查投诉
总监可调查任何本地与外籍员工对雇主的任何有关雇佣条款的投诉;总监可向雇主提供合适的方案已解决问题。
雇主不遵守总干事根据第 (1) 款发布的任何指令,即属犯罪。
1.3 60M 禁止解雇本地员工以雇用外籍员工
雇主不能以为了雇用外籍员工的理由而终止本地员工的服务合约。
1.4 60N 因裁员而终止服务合约
如果雇主想要削减员工人数,雇主不能解雇本地员工,除非先将同等级的外籍员工解雇。
您也可以参考这个网站Employment Act 1995 (Page 68, Part XIIB)
2. 休假权利
外籍员工与本地员工的假期基本上都是一样的。其中包括年假,病假,公共假日等等。年假和病假的天数则依据在公司服务的年期来计算。
3. 是否要缴付公积金, 社会保险, 就业保险, 每月预扣税和人力资源发展基金?
3.1 公积金 EPF
一般上外籍员工不需要缴付公积金,如果需要也可以透过公积金网站直接缴付。员工在60岁以下的巴仙率在9%, 60岁以上是 5.5%。 雇主则因不一样的条件而缴付不同的数额。
您也可以参考这个网站KWSP Table (Page 17, Paragraph 1; Page 33, Paragraph 1)
3.2 社会保险 SOCSO
自01/01/2019开始, 雇主必须为外籍员工缴付 1.25%的社会保险。而该外籍员工必须持有合法护照, 就业签证及特别准证。
您也可以参考这个网站Perkeso Contribution Rate 和 Perkeso Guideline
3.3 就业保险 EIS
外籍员工不需要缴付就业保险,雇主也无需为外籍员工缴付就业保险。
3.4 每月预扣税 PCB
外籍员工必须计算与缴付每月预扣税,如果在一年里连续182天居住在本地的就是定居者,当然税务上的巴仙率也随之不同。
您也可以参考这个网站Residence Status of Individuals (Page 1, Paragraph 4; Page 4, Paragraph 6)
3.5 人力资源发展基金 HRDF
如果公司有注册人力资源发展基金,只需为本地员工缴付,但不包括外籍员工。
您也可以参考这个网站HRDF
额外资讯:雇主必须每年为外籍员工准备Form EA 让他们去报税哦。

Stamp duty for transfer of shares Malaysia

Stamp duty for transfer of shares Malaysia
View Full Size

Stamp duty for transfer of shares Malaysia

Section 105(1) of the Companies Act 2016 required any shareholder or debenture holder may transfer all or any of his shares or debentures in the company by a duly executed and stamped instrument of transfer and shall lodge the transfer with the company. 

What is IRB’s STAMPS?

Stamps is an Electronic Stamp Duty Assessment and Payment System via internet.  


STAMPS will be replacing the manual franking system in LHDNM’s counter  with effect from 01/07/2021. 
 
Who can register for STAMPS ? 
1. Company 
2. Agent (Lawyer, Real-properties Agent, etc) 

Stamp duty computation


According to the item 32(b) First Schedule of Stamp Act 1949:  


“On sale of any stock, shares or marketable securities, to be computed on the price or value thereof on the date of transfer, whichever is the greater –  

For every RM1,000 or fractional  part of RM1,000 RM3.00 

Method  #1 – Net Tangible Asset (NTA) 
Formula: 
= Total Asset – Intangible Asset – Total Liability  
 
NTA per share  
= NTA  / Number of shares issued 
 
Method  #2 – Consideration 

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 

 

 

所得税回扣

所得税回扣
View Full Size

Auditor 最怕遇到的大便账 ... 老板说他朋友讲

老板朋友说新的有限公司 got 所得税回扣 (Tax Rebate) RM20,000 x 3年! 老板朋友这个方法一定行得通! 附送 double entry !

KTP 华语版的新的有限公司所得税回扣

https://www.facebook.com/512614135447552/posts/4707812805927643/

KTP 英文版的新的有限公司所得税回扣

https://www.facebook.com/512614135447552/posts/4707820429260214/

Auditor 最怕遇到的大便账 终极版

https://www.facebook.com/512614135447552/posts/5750415295000717/

KTP auditor 被骂 大便 auditor 终极版

https://www.facebook.com/512614135447552/posts/5755618914480355/

PS : 如有雷同 纯属巧合

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 

 

 

Casual worker vs Part-timers

Casual worker vs Part-timers
View Full Size

Casual worker vs Part-timers

How to identify “Part-Timers”?

Whose average working hours between 30% -70% of the normal working hours per week of full time employees.

How to identify “casual worker”?

Whose average working hours not more than 30% of the normal working hours per week of full time employees.

Part-Timer

• Governs by employment laws - Employment (Part-Time Employees) Regulations 2010

• Perform works in business premises

• Entitles Annual Leave & Sick Leave

• Wages subject to EPF, SOCSO, EIS & PCB

Casual Worker

• Does not govern by employment laws

• Perform works at their own home / business premises

• Does not entitle Annual Leave & Sick Leave.

• Wages do not subject to EPF, SOCSO, EIS & PCB

 

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 

 

 

我要换工作吗 ?

我要换工作吗 ?
View Full Size

如果是你们,会继续这份工作还是离职?

刚入职一间公司,只是觉得老板不是很好。老板对办公室的一切都非常严格.

  • 几点进公司?

  • 几点离开公司?

  • 为什么吃饭超过5分钟?

  • 为什么上厕所这么多次?

  • 为什么公司的 Milo 这样快喝完?

  • 为什么浪费这样多 papers?

Anyway 这是我毕 业后第1份工作, 任劳任怨 loh..

只是最近种种的事情, 我真的顶不顺了....WFH 做了超过一个月, 没天没日, 压力很大.

老板前几天进医院, 吃错东西, Loh 大便. 进去医院之前, 老板有叫 HR 做 Memo. 告诉大家不要烦他.

现在我很紧张, 不是因为老板进医院.

我手上太多 cases要老板解决. 我手上太多事情要老板指示. 老板不知道现在是 Peak Period 吗?

Senior 讲这个, Manager 做那个. 乱! 真的很乱! 小白的我什么也不懂! 很多时候 follow last year! 或者 follow 公司 sop! 我是无比的痛苦.

过了几天, 老板又出 Memo. 老板说病情稳定几天后出院. 听说8月1号才可以 staff meeting.

请问这间公司好吗 ? 请问这间公司有前途吗 ?只是觉得老板不当我是人 !

我要换工作吗 ?

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)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 

 

 


 

THK Management Advisory Sdn Bhd

Wisma THK, No. 41, 41-01, 41-02, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru, Johor, Malaysia.
+6012-771 7903
+607-361 3443
 
Switch to Mobile Version
Subscribe Newsletter