Any rule of thumb on when one should shift to Sdn Bhd from Enterprise?

Dear Sifus...

I have resigned from my permanent position this year and become a consultant with the company.

Every month I receive about 10k as salary. I only paid zakat pendapatan through online every month. No contribution at all to EPF this year.

I did setup a company under my name as long term strategy,

Any advise how should best declared my income for the year 2013 ? And may save some $$$ in the tax contribution.

Thank you very much in advance...

if 1 employee paid for some entertainment with clients, and submits entertainment claims with receipts totaling Rm3000, from a tax perspective,

1) does the employee need to declare it as a income? Because its not actually income, just reimbursement.

2) is the company able to park this entertainment under expenses? if yes, how much is the maximum allowed? the company is a Enterprise.

Hi Guys,

Im working in an MNC as sales & business development

I recently got income tax deduction at higher rate due to higher commision given.
My previous pay for jan13 to jun13 is rm5600 gross. then from july to august averagly rm6500. then on november shoot up to Rm9000 due to commision mistake in october. my HR deducted around rm950 (10%) for income tax..
is it so much..and i dont know how to count..

My gross up to date is rm70000

can anyone enlighten me?

Hi,

I am registered SSM sole proprietor, I am providing IT service and selling ebooks, etc and everything I have done are using online transaction only(local bank internet transfer, Paypal) Every purchases are going through online only, without any receipt except screenshot.

How do I get the receipt or invoice of suppliers or something for income taxes? Anyone knows?

Can I just use paypal screenshot for that?

Please help me, thanks

Hi,

Thanks for the reply for helping me 

no invoice because they are not the 'real' supplier with registered company or something like that so i can't get invoice or receipt and everything is done via online transaction only.

oh, I have order it via a website, then using paypal to pay them.

Which one should I print out? His website order page, or my paypal transaction?

Thanks a lot

So my paypal transaction will good enough? Print my buying transaction on paypal will do, right?

What about Maybank2u? It didn't write clearly about the name of the product.

Thanks a lot