 |
|
 |
 |
|
100 Ways to Save Tax in Malaysia for Small Businesses Third Edition Richard Thornton ISBN / ISSN: 978 967 5040 443 100 Ways to Save Tax in Malaysia for Small Businesses is designed specifically to help the owners of small businesses to learn and understand some of the important aspects of tax that bear directly on their situation. Such businesses may be run by companies, partnerships or by sole traders but there is a common need for basic tax information that will help owners to minimise the tax burden falling on the business and perhaps themselves. Many companies and organisations rely upon professional advisers to look after their tax affairs but informed business owners can often help the tax adviser to give better service by bringing to their attention opportunities that would not have been obvious in the ordinary course of tax and financial reporting. In addition they will be able to make the most of opportunities to factor into the business plan tax saving ideas that this book has introduced to them. Tax planning is not illegal and every individual or company has the right to plan its affairs and business transactions in the most tax efficient way within the confines of what the law allows. This gives considerable scope to those who know the law well and it would be wasteful not to take advantage of genuine opportunities. However, rights must be balanced by responsibilities and the self-assessment tax regime puts considerable emphasis on the responsibility of taxpayers and those responsible for business tax returns to do the job right and do it on time if they are to stay away from trouble. This book aims to address both of these issues by providing useful ideas to help mitigate taxes as well as practical guidance on how the taxpayer should deal with the compliance requirements so as to avoid running into penalties and the unpleasant realm of tax audits and investigations.
This highly popular tax guide is completely up-to-date with new developments including the 2009 and 2010 Budget changes and the stimulus packages. It includes detailed explanations and examples of new and improved incentives such as accelerated capital allowances, reinvestment allowance, exemption for increased export of healthcare services and carry-back of losses. More than ever, the line that divides small companies (SMEs) from larger ones by reference to a paid-up ordinary share capital limit of RM2.5 million is of great significance. Many incentives and reliefs are now given at different levels above and below that line and this book details all the situations in which those apply as well as covers the limitations where a SME has related companies.
Whether the business you are involved in is just yourself, or a partnership or a small company, this book contains a wealth of ideas to help you keep the business on the right track tax-wise. Many day-to-day activities such as borrowing money, buying and selling fixed assets and businesses, as well as more personal activities such as working from home and doing business on the internet are covered. The easy-reading style, clear examples and a comprehensive index make it convenient for you to search for the ideas that specifically interest you.
This book is a companion book to the highly-acclaimed 100 Ways to Save Tax in Malaysia for Individuals which provides person-specific help and guidance for individuals, including sole traders, partners, employees and company directors.
Other titles in the series:
Readership Jurisdiction |
||||||||||||||||||
