The highly anticipated Budget 2020 was announced by the Pakatan Harapan Government on 11 October 2019. This was a momentous event not only because it was a budget created where the government of the day had a full year of being in power but also to address the elephant in the room - debt crisis.… Continue reading Finance Bill 2019 and Budget 2020 highlights for the millenials
KPHDN v Nulogitec Industries Sdn Bhd (High Court) This case concerns the taxpayer’s claim for reinvestment allowance (RA) used to purchase a factory and machineries. The taxpayer had in the year 2004 relocated to a new and larger factory to house its manufacturing business. The RA was refused as the factory was a… Continue reading Focus update: Reinvestment allowance
Following the previous post on Real Property Gains Tax (RPGT), this post aims to shed a spotlight on another field of transaction which will also attract RPGT- sale of shares in a Real Property Company (RPC). Generally, Malaysia does not charge any capital gains tax (neither does Malaysia have a CGT regime) on sale of… Continue reading Understanding RPGT 2: Real Property Companies
Unknown to most, the Income Tax Act 1967 is not the only piece of document that has the force of law. When determining the deductibility of expenses and whether income from a certain source is subject to tax, tax consultants (me) would refer to several places and with reference to various other documents to make… Continue reading The differences between Income Tax Act, Public Rulings and PU order
So I was just casually browsing the web when an article piqued my interest. ‘Bank can’t use exclusion clauses to escape liability, court rules’. This piqued my interest for several reasons. However, let me simply explain what is exclusion clause and what this ruling means.The word ‘exclusion clause’ would be familiar to law student. It… Continue reading Exclusion clause, a turning point ?
La Kaffa International Co Ltd v Loob Holdings Sdn Bhd and Another Franchise Law Franchising is simply defined as a tit for tat strategy where on one side it helps smaller companies to develop and prosper under the guidance of a bigger company while simultaneously allowing the bigger company to increase and expand their distribution.… Continue reading The Tea Tiff
The author discusses the case of CIMB Bank Berhad v AmBank Berhad & 2 Ors  5 MLJ 142. It is a Malaysian land law case on deferred indefeasibility, the position of chargees and the meaning of 'purchaser' in the National Land Code 1965 ('NLC'). To appreciate this article, the reader must have a basic… Continue reading Case comment: Of con men and chargees