Sales Incentives Ruled Business Expenses, Not Entertainment
Here is an analysis of the Khind-Mistral (Borneo) Sdn Bhd tax case: Introductory Paragraph This is an income tax case involving the deductibility of sales incentive trips provided by Khind-Mistral (Borneo) Sdn Bhd (“Company”) to its dealers who achieved sales targets. The trips were claimed as deductible expenses under Section 33(1) of the Income Tax […]
Clinic and Taxman Lock Horns Over Expense Deductions
A clinic wanted to reduce some of their expenses on their tax return. But the taxman looked deeper into some of the expenses, including: and didn’t seem to agree. Instead, the clinic said these expenses were related to caring for patients and selling healthcare products and were, therefore, very important expenses for the business. However, […]
