Dato Nitin Nadkarni
Jason Tan Jia Xin
As the global economy gradually recovers from the after-effects of an unprecedented health pandemic, tax issues will continue to remain at the forefront of consideration for taxpayers. Now more than ever before, taxpayers would be driven to ensure that their structures and practices remain tax-efficient especially in industries where profitability has been badly affected.
This publication covers a range of common tax issues faced by Malaysian taxpayers, ranging from corporate to company directors and local manufacturers. Authored by lawyers from the Tax, SST & Customs Practice of Lee Hishammuddin Allen & Gledhill, the publication provides an analysis of relevant legal precedents drawing from the author’s experience in practice, and aims to provide useful guidance to tax professionals, accountants, business owners and tax advisors. Finally, the publication also discusses the specific tax considerations that may be relevant in the current uncertain times as a result of the COVID-19 pandemic
Areas of Coverage Include
. Taxability of awards of compensation
. Service tax
. Treatment of bad debts
. Tax deductibility
. Double tax agreement in a shipping context
. Directors’ liability under the income Tax Act
. Anti-dumping duties
. Deductibility of expenses on feasibility studies
. Restrictive non-tariff measures in a global pandemic
. Tax considerations due to COVID-19 and the uncertain times.