How to use BIP?
[vc_row][vc_column][vc_column_text]A simple video tutorial on how to use BIP. #BIP is only available to our existing clients and invited guests. Check out full topic here Invited guests will receive an email in the email that is registered with us. Confirm the email and create a password for your log in. Log in to bip.ancgroup.biz and […]
Introducing ANC BIP
[vc_row][vc_column][vc_column_text]Business often face a few problems. Problems such as: You have employees, but they lack with practical experience, knowledge and technical knowledge. You try to send them to training, but the training fee is a bomb. In addition, you can’t just send everyone to training and leaving your office empty, correct? You wanted to expand […]
The Top 5 Most Important Transfer Pricing Methods
[vc_row][vc_column][vc_column_text]Do you know how many TP methods are there? Do you know which TP method best suit your company as a group? There are generally 5 important TP methods that you need to take note. The first method is the Comparable Uncontrolled Price Method or C.U.P. The CUP method is the most straight forward TP […]
Capital & Revenue Tax
[vc_row][vc_column][vc_column_text]What is the difference between capital and revenue tax. Which one is taxable? The conceptual difference between capital and revenue tax is that tax paid on income earned from wages, rent, interest and business are termed as revenue tax whereas capital tax is generally referred to tax paid on sale or exchange of an asset […]
Taxletter Issue 16
[vc_row][vc_column][vc_column_text] Service Tax (Amendment) Act 2019 The Service Tax Act 2018 has been amended and gazetted on 9 July 2019 to align with the Finance Bill issued in Budget 2019. Amendments Section Details Section 2 Pangkor is included as a “designated areas” (“DA”) * Petroleum supply bases are included as one of the defined […]
Tax Residence of a Company
[vc_row][vc_column][vc_column_text]Let us discuss the determination of tax resident status of a Malaysian company. Section 8(1)(b) of the Income Tax Act refers to a resident status of a company. A company is said to be a resident if the control and management of its business are exercised in Malaysia. Control and management does not necessarily equate […]
