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ACA for small value assets
As a business owner, do you know you are given the right to claim capital allowances on assets when computing your tax computation? Every assets that you own and used in the production of your business gross income will enjoy different rate of capital allowance as follows: Type of assets Initial Allowance Annual allowance Plant…
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Real Property Gains Tax Rate
We have summarized the Real Property Gains Tax Rate that might be useful for those property owner who plan to dispose the property as follows: Category I – Malaysia Citizen and Partners Year of dispose 01.01.2014 –31.12.2018 01.01.2019– 31.12.2021 01.01.2022–Current Within 1-2 years 30% 30% 30% In 3rd years 30% 30% 30% In 4th years…

