{"id":1064,"date":"2017-11-10T02:19:20","date_gmt":"2017-11-10T02:19:20","guid":{"rendered":"https:\/\/chengco.com.my\/wp\/?p=1064"},"modified":"2026-09-18T12:26:45","modified_gmt":"2026-09-18T04:26:45","slug":"lhdn-organises-budget-2018-talk","status":"publish","type":"post","link":"https:\/\/chengco.com.my\/wp\/2017\/11\/10\/lhdn-organises-budget-2018-talk\/","title":{"rendered":"LHDN Organises Budget 2018 Talk"},"content":{"rendered":"\n<div class=\"wp-block-stackable-columns stk-block-columns stk-block stk-0c6b51f\" data-block-id=\"0c6b51f\"><div class=\"stk-row stk-inner-blocks stk-block-content stk-content-align stk-0c6b51f-column\">\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-66203f7\" data-v=\"4\" data-block-id=\"66203f7\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-66203f7-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-66203f7-inner-blocks\">\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-59082a8\" id=\"lhdn-organises-budget-2018-talk\" data-block-id=\"59082a8\"><style>.stk-59082a8 .stk-block-heading__text{font-size:36px !important;font-weight:bold !important;font-family:\"Roboto\", Sans-serif !important;}@media screen and (max-width:999px){.stk-59082a8 .stk-block-heading__text{font-size:36px !important;}}<\/style><h1 class=\"stk-block-heading__text\">LHDN Organises Budget 2018 Talk<\/h1><\/div>\n\n\n\n<div class=\"wp-block-stackable-divider stk-block-divider has-text-align-left stk-block stk-8d1db70\" data-block-id=\"8d1db70\"><style>.stk-8d1db70 hr.stk-block-divider__hr{background:#0693e3 !important;height:10px !important;width:10% !important;}<\/style><hr class=\"stk-block-divider__hr\"\/><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div>\n\n\n<blockquote>\n<h2><a href=\"https:\/\/chengco.com.my\/wp\/?p=23994&amp;preview=true\"><mark>Click\u00a0here\u00a0for latest Malaysia Budget Highlights (2023)<\/mark><\/a><\/h2>\n<\/blockquote>\n<p>Malaysians are still buzzing over the Budget 2018, recently announced by Prime Minister Datuk Seri Najib Tun Razak. SMEs are among the biggest beneficiaries with the government tabling RM20 billion in the budget to further develop the industry.<\/p>\n<p>On 3 November 2017, Lembaga Hasil Dalam Negeri Malaysia (LHDN) or the Inland Revenue Board Of Malaysia (IRB) organised a talk on the Budget 2018 and some pertinent questions were posed by the audience to the representative of LHDN who was among the panelists.<\/p>\n<p>Among them, we have selected three key questions that were answered by Mr Abu Tariq Bin Jamaluddin, Director of the Legal Department at LHDN, that highly impacts businesses.<\/p>\n<p><a href=\"https:\/\/chengco.com.my\/wp\/wp-content\/uploads\/2017\/11\/lhdn2.jpg\"><img decoding=\"async\" class=\"size-full wp-image-1069 aligncenter\" src=\"https:\/\/chengco.com.my\/wp\/wp-content\/uploads\/2017\/11\/lhdn2.jpg\" alt=\"LNDN Budget Talk 2018\" width=\"1440\" height=\"1080\" title=\"\" srcset=\"https:\/\/chengco.com.my\/wp\/wp-content\/uploads\/2017\/11\/lhdn2.jpg 1440w, https:\/\/chengco.com.my\/wp\/wp-content\/uploads\/2017\/11\/lhdn2-300x225.jpg 300w, https:\/\/chengco.com.my\/wp\/wp-content\/uploads\/2017\/11\/lhdn2-600x450.jpg 600w, https:\/\/chengco.com.my\/wp\/wp-content\/uploads\/2017\/11\/lhdn2-768x576.jpg 768w, https:\/\/chengco.com.my\/wp\/wp-content\/uploads\/2017\/11\/lhdn2-1024x768.jpg 1024w, https:\/\/chengco.com.my\/wp\/wp-content\/uploads\/2017\/11\/lhdn2-678x509.jpg 678w, https:\/\/chengco.com.my\/wp\/wp-content\/uploads\/2017\/11\/lhdn2-326x245.jpg 326w, https:\/\/chengco.com.my\/wp\/wp-content\/uploads\/2017\/11\/lhdn2-80x60.jpg 80w\" sizes=\"(max-width: 1440px) 100vw, 1440px\" \/><\/a><\/p>\n<h2><span style=\"text-decoration: underline;\">Key Questions On The Malaysia Budget 2018<\/span><\/h2>\n<p><strong>Question (Q)<\/strong>: A new director has taken over a business. But the company is being tax audited \/ investigated and there are tax assessments for previous years\u2019 when the new director was not appointed yet. Who will be held accountable for the tax liability that arises from the tax audit \/ tax investigation?<\/p>\n<p><strong>Answer (A)<\/strong>: The new director will be liable and LHDN cannot charge the previous director that has resigned.<\/p>\n<p><strong>Q<\/strong>: A company that is winding up receives tax clearance that shows NO tax payable and the liquidator successfully winds up the company. However, the company proceeds to receive the tax assessment and are now required to pay the tax liability. What does the company do?<\/p>\n<p><strong>A<\/strong>: LHDN can raise the assessment although tax clearance is issued. The company is still liable to pay the tax. The company can also bring the case to LHDN for further discussion.<\/p>\n<p><strong>Q<\/strong>: If a tax audit shows under declared income and over addition of expenses, can the assessment come out in net, from the impact?<\/p>\n<p><strong>A<\/strong>: Yes!<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><em>Like this article? <a href=\"https:\/\/chengco.com.my\/wp\/category\/events\/\">Visit our page <\/a>for more.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong>For similar future events, \u00a0<\/strong><\/p>\n<p><strong>Visit our <a href=\"https:\/\/www.facebook.com\/chengnco\/?ref=aymt_homepage_panel\" target=\"_blank\" rel=\"noopener nofollow\">Facebook page<\/a> or <a href=\"http:\/\/www.chengco.com.my\">subscribe to us<\/a> to get more information.<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>LHDN Organises Budget 2018 Talk Click\u00a0here\u00a0for latest Malaysia Budget Highlights (2023) Malaysians are still buzzing over the Budget 2018, recently announced by Prime Minister Datuk Seri Najib Tun Razak. SMEs are among the biggest beneficiaries with the government tabling RM20 billion in the budget to further develop the industry. On 3 November 2017, Lembaga Hasil [&hellip;]<\/p>\n","protected":false},"author":64,"featured_media":1065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_eb_attr":"","content-type":"","footnotes":""},"categories":[122],"tags":[],"class_list":["post-1064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax"],"blocksy_meta":{"has_hero_section":"disabled","styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":8}},"_links":{"self":[{"href":"https:\/\/chengco.com.my\/wp\/wp-json\/wp\/v2\/posts\/1064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chengco.com.my\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chengco.com.my\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chengco.com.my\/wp\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/chengco.com.my\/wp\/wp-json\/wp\/v2\/comments?post=1064"}],"version-history":[{"count":1,"href":"https:\/\/chengco.com.my\/wp\/wp-json\/wp\/v2\/posts\/1064\/revisions"}],"predecessor-version":[{"id":34811,"href":"https:\/\/chengco.com.my\/wp\/wp-json\/wp\/v2\/posts\/1064\/revisions\/34811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chengco.com.my\/wp\/wp-json\/wp\/v2\/media\/1065"}],"wp:attachment":[{"href":"https:\/\/chengco.com.my\/wp\/wp-json\/wp\/v2\/media?parent=1064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chengco.com.my\/wp\/wp-json\/wp\/v2\/categories?post=1064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chengco.com.my\/wp\/wp-json\/wp\/v2\/tags?post=1064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}