Tax Law Articles

Income Tax Lawyer near Me

What is income ? The Income Tax Act 1967 did not define what is “income”. However under section 4, income has been classified into the following categories: Section 4(a) - business income; Section 4(aa) - Capital Gains Tax (came into force 01.01.2024); Section 4(b) - employment income; Section 4(c) -

Petroleum (Income Tax) Lawyer in Malaysia

What is Capital Gains Tax (CGT)? Capital Gains Tax (CGT) is an income chargeable in respect of the gains and profits from the disposal of capital asset When did CGT come into force? The CGT came into force on 01.01.2024 under the Finance (No.2) Act 2023 (Act 851). Definition of

Capital Gains Tax Lawyer in Malaysia

Tax Appeal against LHDN tax assessment

Table of Contents 1 I received a tax assessment by LHDN, what should i do? 2 Tax Appeal against LHDN tax assessment 3 The 30 days Rules of Appeal 4 Burden of Proof 5 Conclusion I received a tax assessment by LHDN, what should i do? This is the common

Judicial Review against LHDN tax assessment

Table of Contents 1 Income Tax Assessment by Tax Authority 2 The Leave stage of Judicial Review 3 The Substantive or Merit stage of Judicial Review 4 Conclusion Income Tax Assessment by Tax Authority Under the self-assessment regime, it is the duty of the taxpayer in submitting income tax return,

Transfer Property from Parent to Children

Are Disposal of Properties within first 3 years subjected to Income Tax?

How a Director is still liable for Company unpaid Monthly Tax Deductions? Case Study 1 - Jayapalasingam Kandiah In the case of Jayapalasingam Kandiah v Kerajaan Malaysia (2022), High Court | 12.09.2022 The sole question is whether the payment of the defendant (director) income tax (taxpayer individual) has to be

Tax Assessment on RPGT Exempted Tax

Individual taxpayer sold Property for RM3 million get taxed even though applied for RPGT Exemption In 2020, our Client purchased a property located in Shah Alam (the “Property”) from a developer. Just four years later, in 2024, she sold the Property to a new buyer. Under Schedule 5 of the

How to File Form BE & Form B?

When does taxpayer has to file tax return? If you are an employee, you can manually file your tax return form (Form BE) by 30 April. If you choose to file online or by way of electronic submission via mytax hasil website, there will be an extension of 15 days