Tempoh Asas, Tempoh Perakaunan Malaysia – Memahami Tahun Kewangan & Tahun Taksiran (YA)
Introduction Understanding the basis period accounting period malaysia is essential for companies, LLPs and businesses when preparing financial statements and filing tax. This article explains the difference between “Basis Year”, “Basis Period” and “Accounting Period” under the Income Tax Act 1967 (latest consolidated), and how your choice of financial year-end may impact your Year of […]
Perbelanjaan di Malaysia: Boleh Potong Cukai vs Tidak Boleh Potong Cukai
Introduction Malaysia outgoings and expenses rules determine which business costs are deductible for tax purposes. Understanding deductible vs non-deductible expenses, accrual of expenses, and relevant case law is crucial for proper tax compliance. Deductible Outgoings and Expenses Expenses wholly and exclusively incurred in producing gross income (accrual basis) include: Interest on borrowed money. Rent payable. […]
Commencement of Business & Perbelanjaan Pra-Operasi
Commencement of Business & Business Expenditure 1.Introduction Commencement of business is a critical concept in Malaysian tax. It determines when expenses become deductible and how companies should treat pre-operational costs. 2.Commencement of Business & Business Expenditure Pre-commencement expenses are generally not deductible. Qualifying Capital Expenditure (QCE) may be eligible for capital allowances once the business […]
