Budget 2016 is an overall review of annual budget and revenue tax treatment. It will serve a guide to entreprenuer to plan ahead for YA 2016. For more understanding explore today!
Setting Up A Foreign Limited Liability Partnership (Foreign LLP)B.H. Loh & Associates
etting up a foreign limited liability partnership (Foreign LLP) as simple as a local limited liability partnership (Local LLP). One of the criteria of LLP is simple to manage and protection to the partner. Therefore, LLP become wider and wiser choice to those who want to manage their business efficiently and effectively.
What is your choice of business vehicle?
This document discusses various topics related to GST for legal practitioners in Malaysia, including client accounts, advance payments, contingency fees, disbursements, and costs awarded by courts. It provides definitions and guidelines for how different types of funds and payments should be treated for GST purposes. For example, it states that money kept in client accounts is only taxable when transferred for legal fees, while disbursements paid to third parties on a client's behalf are not subject to GST.
The document discusses several tax incentives and changes in Malaysia, including:
1) Double tax deductions for GST training expenses and expanded capital allowances for information and communication technology purchases between 2014-2016;
2) Increased deductions for secretarial and tax professional fees up to RM5,000 and RM10,000 respectively from YA2015;
3) Reduced tax rates for resident companies to 19% for income up to RM500,000 and 24% for remaining income from 2016.
Limited Liability Partnership (LLP) is a new form of business vehicle. However, the treatment of tax is totally difference with conventional tax computation. This presentation slide serves as a guide to understand how the LLP being taxed and the treatment of unabsorbed business loss and unabsorbed capital allowance.
Budget 2017, continue from the previous year, Malaysia Government granted some relief to medium income group and bottom group, beside the government increase the Brim, to sustain the people from adverse economic condition.
Budget 2016 is an overall review of annual budget and revenue tax treatment. It will serve a guide to entreprenuer to plan ahead for YA 2016. For more understanding explore today!
Setting Up A Foreign Limited Liability Partnership (Foreign LLP)B.H. Loh & Associates
etting up a foreign limited liability partnership (Foreign LLP) as simple as a local limited liability partnership (Local LLP). One of the criteria of LLP is simple to manage and protection to the partner. Therefore, LLP become wider and wiser choice to those who want to manage their business efficiently and effectively.
What is your choice of business vehicle?
This document discusses various topics related to GST for legal practitioners in Malaysia, including client accounts, advance payments, contingency fees, disbursements, and costs awarded by courts. It provides definitions and guidelines for how different types of funds and payments should be treated for GST purposes. For example, it states that money kept in client accounts is only taxable when transferred for legal fees, while disbursements paid to third parties on a client's behalf are not subject to GST.
The document discusses several tax incentives and changes in Malaysia, including:
1) Double tax deductions for GST training expenses and expanded capital allowances for information and communication technology purchases between 2014-2016;
2) Increased deductions for secretarial and tax professional fees up to RM5,000 and RM10,000 respectively from YA2015;
3) Reduced tax rates for resident companies to 19% for income up to RM500,000 and 24% for remaining income from 2016.
Limited Liability Partnership (LLP) is a new form of business vehicle. However, the treatment of tax is totally difference with conventional tax computation. This presentation slide serves as a guide to understand how the LLP being taxed and the treatment of unabsorbed business loss and unabsorbed capital allowance.
Budget 2017, continue from the previous year, Malaysia Government granted some relief to medium income group and bottom group, beside the government increase the Brim, to sustain the people from adverse economic condition.
Malaysia was hit by Covid 19, therefore, resulted the economy recession, thousand of company shut down and million of employee retrench from the employment, therefore Budget 2021 aim to stimulus the weak economy and protect the Malaysian from Covid threatening.
After Geran Khas Prihatin 1.0 was release last Mar 2020, some of the business group was not aware or eligible to any financial assistance. However, the enhance financial support not only to boost the economic growth domestically and ensure the none of the SME neglected.
Malaysia sme economy stimulation package and Penang Government aidsB.H. Loh & Associates
This document summarizes Malaysia's SME economic stimulus package and aid from the Penang government. It provides details on special grants for micro-SME owners worth RM3,000 for businesses with turnover less than RM300K and 5 or fewer employees. It also outlines an employee wage subsidy program that provides RM1,200-RM800 per employee for businesses with 75 or fewer employees, and RM600 for those with 76-200 employees, for a period of 3 months. The programs are estimated to benefit 700,000 business owners and 4.8 million workers. Eligibility requirements and application process are also described.
Malaysia economy stimulation 2020 & Penang Government Finance AssistanceB.H. Loh & Associates
Malaysia was announced the economy stimulation 2020 by Prime Minister on 27 March 2020. Let us take a close look, how both Federal Government and Penang State Government economiy package could benefited you and your's family.
Budget 2018 has been long awaiting, any surprise? Emm..Let us check out, who and how to benefit. In fact, the Budget 2018 retain the similar relief as per Budget 2017.
The LLP is an alternative choice for those who are sole proprietorship. But now there are more choice to select. Let us examined what are the difference between the LLP & company
The personal reliefs 2016 would further enhance the personal taxpayers as they can claim more tax relief if compare previous YA. Therefore, by studying this slideshare, the taxpayer needs to understand how could they benefit
YA 2015, personal reliefs & tax rate, is assisting the Malaysia taxpayer to reduce their tax liability legally.
This slide share would cover the various aspects, including the personal, spouse, child, parent and as well as medical and financial related reliefs.
Besides that, we also cover the tax rate and tax submission calendar for easy reference.
Exploit it today!
Cambodia a newly emerged South East Asia Country, the effort of the government to liberalize the international trade with the rest of the world. The Cambodia has their own advantage compared to other countries
Winding up of a company and Limited Liability Partnership (LLP)B.H. Loh & Associates
Winding up is a process where the company dissolve from the registration. We will guide you through on how to step by step to strike off from the registration.
Malaysia Budget 2015 was an importance milestone to enhance the tax collection especially the upcoming Goods And Services Tax (GST) which will be impose by 1 April 2015.
Therefore, it is a final budget prior of GST era. Where there will highlighted a few significant tax policy to smooth transit to GST implementation.
This document provides instructions for obtaining a Tax Clearance Letter in Malaysia. It lists the necessary tax forms that must be submitted, including Form C, Form R, and amendments to previous tax forms. It also lists the forms required for voluntary liquidation by members or creditors of a company, such as Form 66 and Form 65A. Finally, it mentions that Form CP 7 must be submitted for the strike off of dormant companies.
This document provides a list of 12 questions one should ask a potential financial planner to properly vet them, such as inquiring about their experience, qualifications, services offered, fees, disciplinary history, how recommendations may benefit others, typical client profiles, and whether an investment risk profile is constructed for clients. It aims to guide individuals on properly evaluating a financial planner before engaging their services.
Financial planning begin with a goal, then set a pathway to achieve it, that seem simple, however, if you put in practical it does not easy.
What are the consideration? How to overcome? Want to know more? Check it out by yourself....
The financial planner are always a good partner to everyone, They are those who could understand your need and assisted to resolve the financial challenge.
In Malaysia, even though the financial planner is not a new business, however widely engage the financial planner may not as common in the developed country.
Let us reveal what is the financial planner role in your daily life.
Capital allowances are given to an individual to relieve their tax burden. Therefore, tax payer had to maintenance their receipt as a basic supporting document for a period of 7 years.
The individual tax payer should understand their need and condition before claiming an personal relief.
Malaysia was hit by Covid 19, therefore, resulted the economy recession, thousand of company shut down and million of employee retrench from the employment, therefore Budget 2021 aim to stimulus the weak economy and protect the Malaysian from Covid threatening.
After Geran Khas Prihatin 1.0 was release last Mar 2020, some of the business group was not aware or eligible to any financial assistance. However, the enhance financial support not only to boost the economic growth domestically and ensure the none of the SME neglected.
Malaysia sme economy stimulation package and Penang Government aidsB.H. Loh & Associates
This document summarizes Malaysia's SME economic stimulus package and aid from the Penang government. It provides details on special grants for micro-SME owners worth RM3,000 for businesses with turnover less than RM300K and 5 or fewer employees. It also outlines an employee wage subsidy program that provides RM1,200-RM800 per employee for businesses with 75 or fewer employees, and RM600 for those with 76-200 employees, for a period of 3 months. The programs are estimated to benefit 700,000 business owners and 4.8 million workers. Eligibility requirements and application process are also described.
Malaysia economy stimulation 2020 & Penang Government Finance AssistanceB.H. Loh & Associates
Malaysia was announced the economy stimulation 2020 by Prime Minister on 27 March 2020. Let us take a close look, how both Federal Government and Penang State Government economiy package could benefited you and your's family.
Budget 2018 has been long awaiting, any surprise? Emm..Let us check out, who and how to benefit. In fact, the Budget 2018 retain the similar relief as per Budget 2017.
The LLP is an alternative choice for those who are sole proprietorship. But now there are more choice to select. Let us examined what are the difference between the LLP & company
The personal reliefs 2016 would further enhance the personal taxpayers as they can claim more tax relief if compare previous YA. Therefore, by studying this slideshare, the taxpayer needs to understand how could they benefit
YA 2015, personal reliefs & tax rate, is assisting the Malaysia taxpayer to reduce their tax liability legally.
This slide share would cover the various aspects, including the personal, spouse, child, parent and as well as medical and financial related reliefs.
Besides that, we also cover the tax rate and tax submission calendar for easy reference.
Exploit it today!
Cambodia a newly emerged South East Asia Country, the effort of the government to liberalize the international trade with the rest of the world. The Cambodia has their own advantage compared to other countries
Winding up of a company and Limited Liability Partnership (LLP)B.H. Loh & Associates
Winding up is a process where the company dissolve from the registration. We will guide you through on how to step by step to strike off from the registration.
Malaysia Budget 2015 was an importance milestone to enhance the tax collection especially the upcoming Goods And Services Tax (GST) which will be impose by 1 April 2015.
Therefore, it is a final budget prior of GST era. Where there will highlighted a few significant tax policy to smooth transit to GST implementation.
This document provides instructions for obtaining a Tax Clearance Letter in Malaysia. It lists the necessary tax forms that must be submitted, including Form C, Form R, and amendments to previous tax forms. It also lists the forms required for voluntary liquidation by members or creditors of a company, such as Form 66 and Form 65A. Finally, it mentions that Form CP 7 must be submitted for the strike off of dormant companies.
This document provides a list of 12 questions one should ask a potential financial planner to properly vet them, such as inquiring about their experience, qualifications, services offered, fees, disciplinary history, how recommendations may benefit others, typical client profiles, and whether an investment risk profile is constructed for clients. It aims to guide individuals on properly evaluating a financial planner before engaging their services.
Financial planning begin with a goal, then set a pathway to achieve it, that seem simple, however, if you put in practical it does not easy.
What are the consideration? How to overcome? Want to know more? Check it out by yourself....
The financial planner are always a good partner to everyone, They are those who could understand your need and assisted to resolve the financial challenge.
In Malaysia, even though the financial planner is not a new business, however widely engage the financial planner may not as common in the developed country.
Let us reveal what is the financial planner role in your daily life.
Capital allowances are given to an individual to relieve their tax burden. Therefore, tax payer had to maintenance their receipt as a basic supporting document for a period of 7 years.
The individual tax payer should understand their need and condition before claiming an personal relief.