Tax Penalties in Malaysia

Tax Penalties in Malaysia

What to Know About the Tax Penalties in Malaysia The income tax in Malaysia is based on the income that is accrued in or comes from Malaysia. The only exception is from a resident company’s income that carries business of transport by sea or air, insurance, or banking, which can be assessed based on a…

5 Malaysian Tax Offences You Must Not Do

5 Malaysian Tax Offences You Must Not Do

Malaysian Tax Offences Should be Avoided Business owners and individuals usually have several ways to complete transactions that get taxed. By doing tax planning, they can evaluate different options they should conduct business and personal transactions. The purpose of this is to eliminate or lessen their tax liability. This is not the same as tax…