Do I need to declare tax if my employer pay my tax? Read the full story in our blog https://lnkd.in/ggj-ECXG 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 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) A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients Website www.thks.com.my Facebook https://bit.ly/3nQ98rs

1. 11/08/22
#AskKtpTax
#AskThkAcc
Do I need to declare tax
if my employer pay my
tax?

2. What does tax borne by
employer mean?
11/08/22
#AskKtpTax
#AskThkAcc

3. 'Income Tax is borne by
employer' is a form of income
and is chargeable based on
Section 13(1)(a) of the ITA 1967.
11/08/22
#AskKtpTax
#AskThkAcc

4. PCB borne by the employer is a
taxable perquisite to the
employee.
11/08/22
#AskKtpTax
#AskThkAcc

5. How to record
tax payment for director
in the account tax-wisely?
11/08/22
#AskKtpTax
#AskThkAcc

6. Before
 Dr Director account RM10,000
(say)
 Cr Bank account RM10,000
(say)
Description
Being payment of director’s
personal tax for year 2020

7. Before
Payment voucher
 Clip director tax payment slip
 Approved by director’s wife
 Signed and acknowledged by
director

8. Tax agent ask
Any PCB on the RM10,000 for
the payment of director’s
personal tax?

9. Account girl scold tax agent.
 Follow boss instruction to
repay his personal tax
payment.
 I debit director’s account not
P&L account. Are you sure?
 Why PCB?

10. Director scold tax agent
 This is my company. I do
whatever I like!
 You are my tax agent to
help me not tax me. Why
my ex-tax agent don’t do
this?

11. Tax agent show them …
IRB Public Ruling 11/2016.
Tax Borne by Employer

12. Tax agent show them …
Income Tax of the Employee Borne
by the Employer - A Perquisite to
the Employee
When the income tax liability of an
employee is paid by the employer,
this benefit falls within the definition
of perquisite and is part of the gross
income from employment under
paragraph 13(1)(a) of the ITA

13. After
 Dr Director account RM10,000
(say)
 Cr Bank account RM10,000
(say)
Description
Being advance to directors in
cash.

14. After
Payment voucher
 Clip director tax payment slip
 Approved by director’s wife
 Signed and acknowledged by
director

15. After
Next ….
Deemed Interest on Director
Account