1. How IRB has shifted the work of collection and assessments of employee’s tax to employer.
2. Heavier tax burden for directors of companies.
3. High time to clean up your Balance Sheet; taking advances from your own company is not a good idea.
4. Transaction out of business control is now a business source.
5. Set the financial year end for new businesses.
6. Inter-company borrowing, to charge or not to charge interest?
7. Setting a right policy for Directors fee.
8. Compulsory filing of returns by electronics medium.
9. Restriction on filing of appeal- makes the right decision on tax treatment when filing your tax return.
10. Avoid the pit fall involving real property transactions.
11. Recent tax cases on capital allowances, real property gain tax, tax appeal, chargeability of debts released.
12. Preparing for the Goods and services tax.

More info:

1. Download Important Highlight on Tax Updates
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