Anyone has encountered the following scenario:
- ABC company is providing accommodation to 1 director, Mr L;
- ABC company then rented a property at RM30k per month from a landlord;
- The landlord is Mr L.
In this case,
- Accommodation expense in ABC co is deductible for tax;
But the issue is, in calculating Mr L's personal tax:-
- Rental income received by Landlord Mr L is taxable
- Accommodation (benefit in kind) to director is also taxable
Wouldn't Mr L being double taxed?
Apr 30 2014, 07:03 PM
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