Presenter : Hazwani Hanis Mohamed
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Transcript of Presenter : Hazwani Hanis Mohamed
Presenter :Hazwani Hanis Mohamed
SOAREX SDN BHD
Company Background
Nature :Advertising,
designing and film
production
Location :14 countries
(Asia Pasific & Europe)
SOAREX SDN BHD
3 Cinematographers
The Proposals
Residence Status
• As an examples :• Period I 1.1.2009 – 30.03.2009 = 90days• Period II 1.5.2009 – 25.07.2009 = 86days• Period III 1.8.2009 – 28.10.2009 = 89days
Total number of days : 265 days YA 2009 : Resident by virtue of Sec 7 (1)(a)
The Impact :
Computation - Residence RM
• Salary 24,000
Entertainment allowance 72,000
Gross employment income 96,000 Less:
Expenses Entertainment (3,200)
Loan payable (1,000) Adjusted income 91,800
Computation - NR
RM
Salary 24,000
Entertainment allowance 72,000
Gross employment income 96,000
Not entitled to claim, any personal relief
Other Countries Legislations
Other Countries
Any fraud issues?
Tax TreatiesDouble
Taxation
Limit right to tax certain sources of income – depends on resident status
taxation agreement
Certain tax provisions
considered income in two countries – to minimise fiscal
evasion.