Flat 15% Tax to Draw Global Talent in Approved Company
IN exercise of the powers conferred by paragraph 154(1)(b), read together with paragraph 2 of Part XVIII of Schedule 1 to the Income Tax Act 1967 [Act 53], the Minister makes the Income Tax (For an Individual Resident Who is Not A Citizen and Holds C Suite Position in An Approved Company) Rules 2023 [P.U. […]
What Happens if Illness Strikes on Your Day Off?
Section 59 of the Employment Act is read as below: (1) Every employee shall be allowed in each week a rest day of one whole day as may. be determined from time to time by the employer, and where an employee is allowed more than one rest day in a week the last of such […]
TRSB v KPHDN: Taxpayer’s Tax Forms Were Right, Taxman’s Penalty Was Wrong
Here is an analysis of the TR Sdn Bhd (TRSB) tax case in October 2022: Introductory Paragraph This was an appeal by TR Sdn Bhd (“Appellant”) against a decision of the Special Commissioners of Income Tax (“SCIT”), which upheld penalties imposed by the Inland Revenue Board (“IRB”) under Section 112(3) of the Income Tax Act […]
