by Cheng & Co | Sep 2, 2020 | Cheng & Co, Tax, 中文报道
因受新冠肺炎影响，许多公司遭遇经营危机，甚至倒闭。许多债主难以收回贸易债务（即坏账），企业是否能够将此类债务注销？根据1967年《所得税法》第4/2019号条例，若要将贸易债务作为坏账在财务账目上注销，必须要满足以下条件： 债务应先计入债主的总收入 债务无法收回 为了确定债务是无法收回的，应有足够的证据表明已做出合理的努力来收回债务，其中包括： 发布提醒通知 债务重组计划 重新安排债务清算 谈判或仲裁有争议的债务 法律诉讼 另外，在对债务进行税务审计期间还需注意以下信息： 每一笔债务都需要进行单独评估 什么时候由谁进行评估... 
by Cheng & Co | Aug 24, 2020 | Cheng & Co, Tax
Many companies do not realize the existence of CP58, not understand how to prepare form CP58, nor know the function of issuing form CP58. Therefore, let us solve all your doubts and questions by continuing reading below. What is form CP58? According to Section 83A (1)... 
by Cheng & Co | Aug 21, 2020 | Cheng & Co, Tax
During this time, as we all know many companies have been significantly affected by COVID-19 and may cause the inability to continue operations and cash flow problem which resulting in difficulties of recovering trade debts. However, is writing off irrecoverable debt... 
by Cheng & Co | Aug 11, 2020 | Cheng & Co, Tax
OPERATIONAL GUIDELINE NO. 2 YEAR 2020 Amendment of Tax Estimate (CP204) In The 3rd Installment Falling On The Calendar Year 2020 And Deferment for Payment of Tax Estimate (CP204 And CP500) Under The Economics Stimulus Package 2020. 1. Foreword 2. Purpose 3.... 
by Cheng & Co | Aug 3, 2020 | Cheng & Co, Tax
Real Property Gains Tax (RPGT) Exemption From 1st June 2020 to 31st December 2021, the gains arising from disposing of residential property are now exempted for all Malaysian citizens. There are some exemptions allowed for RPGT with the following condition: 1. This... 
by Cheng & Co | Jul 23, 2020 | Cheng & Co, Incentives & Recovery, Tax
On 30th June 2020, Royal Malaysian Customs Department (RMCD) has released the latest National Economic Recovery Plan (PENJANA) Frequently Asked Questions (FAQs) related to: 50% penalty remission on Sales and Service Tax (SST) late payment, Exemption Sales Tax on car...