Hi all sifus here, I have one problem. I was an employee until July 2011. In mid August, I started my own company( sole properieter ) . I already have a tax file with LHDN which i submited last time. Now with business, I need to submin form B. I have these questions:

1) Do i need to submit both borang BE and borang B to declare tax for the year 2011 ?

2) I downloaded the form B and I found it so complicated to fill in .. well am a graduate but can't really understand what they want.. anyone can guide to fill in form B?

3) My business is slow and no profit. But I gave myself salary. Sometimes I give more, sometimes I give less, but there is no proof, just some records,cause its all my money only what. but when it comes to tax, is it better to give higher salary or lower to ownself ?

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Added on March 2, 2012, 10:11 pm But i thought MRTA also is life insurance what ? when they send me the statement that they deducted money from my flexi loan for MRTA, they stated there, Life assured : my name . so why is that not considered life insurance ?

This post has been edited by fanfankwok: Mar 2 2012, 10:11 PM

What is co P&L ?