TAX PLANNING ON BUSINESS INCOME

• Main Author: Choong, Kwai Fatt (Author)
• Format: Book
• Language: English
• Published: Petaling Jaya, Selangor Sweet & Maxwell Asia 2004
• Subjects: Taxation > Law and legislation > Malaysia; Tax planning; Business enterprises > Taxation > Malaysia
• Online Access: Click Here to View Status and Holdings.
• Item Description: Includes index
• Physical Description: xxiv, 186 pages 24 cm
• ISBN: 9832631289; 9789832631286

Taxation has a significant impact on the profitability of a business. In a competitive busines environment, efficient tax planning can be rewarding. Tax Planning on Business Income is the most authoritative text in relation to this subject. The text is supported with statutory authorities, Malaysian case law references and tax practices. This book covers tax planning on • Capital gains which is tax free • Deduction and double deduction of expenses • Revenue expenses such as rental, interest expense, bad debes, repairs and provident fund contributions • Social responsibility expenses • Avoidance of the statutory prohibition of deduction of certain expenses Donations Compensation receipts in relation to cancellation of contracts and termination of business alliance or partnership agreements as well as insurance recoveries Business owners, tax practitioners and consultants needing to gain insight into and guidance in the tax planning arena will find this book an indispensable source of reference.