Taxguards Advisory

By Admin | December 17, 2022 Attention to taxpayers! Have you settled all your outstanding tax payment? Please do not wait until the last day to settle your tax as LHDN will be upgrading their tax payment system and the estimated time of completion is 1 January 2023. Kindly refer to the table for the […]

By Admin | December 10, 2022 Do you have any income from overseas? Are you a freelancer earning income from abroad? Those overseas income are now taxable starting this year, but exemptions will be given for certain income. Learn more about it in the slides below. If you would like to know more, please contact […]

By Admin | December 3, 2022 Attention to taxpayers! It is nearly the end of the year now. Are you ready to file your individual tax for this year? Do you know what you can claim as tax reliefs? Are you sure that you have maximise your available claims to get the best tax savings? […]

By Admin | November 26, 2022 The holiday season is coming soon. Did you make any plans to go overseas? Make sure that you pay your taxes due, or else you risk ruining your holiday plans. Kindly read through the below slide on the updates by LHDN regarding persons leaving Malaysia. If you would like […]

By Admin | November 18, 2022 Do you have a company in Labuan? Do you know if your Labuan company is considered dormant or not? Please check out the slide below to gain a simple understanding and do contact us if you wish to know more! Email: info@taxguardsadvisory.com Source: guidelines-on-tax-treatment-for-dormant-labuan-entity-20221111.pdf (hasil.gov.my)

By Admin | November 12, 2022 By Admin | November 12, 2022 Attention to business owners! Are you aware that you need to pay withholding tax for advertisings fee paid to Facebook or Google? Are you aware that you need to pay withholding tax for your Microsoft 365 subscription? Are you aware that you need […]

By Admin | November 4, 2022 Do your company have interest expense on loans from other companies? If yes, you should take note whether there is any financial assistance between overseas related companies as LHDN limits the tax deductibility of interest expense on controlled transactions. Read the slides to learn more about the restrictions. If […]

By Admin | October 29, 2022 In recent years, investment in cryptocurrencies such as Bitcoin or Ethereum has grown rapidly around the globe. Malaysia is not excluded from such phenomenon. This development has caught the attention of LHDN and crypto investors regarding the tax implications of such transactions. Related to this, LHDN has released their […]

By Admin | October 23, 2022 Dear All, We would like to take this opportunity to wish you and your family Happy Deepavali! Please be informed that our office would be closed on 24/10/2022. Thank you. #happydeepavali #taxguardsadvisory

By Admin | October 22, 2022 Sharing ideas in a conference can bring in fresh ideas and new perspectives, especially when foreign countries are involved. If you are thinking of organising one, then this post may be useful to you. Tax incentive is available for companies, organisations and residents organising conferences in Malaysia, subject to […]