any tax experts have experience with this?

Director use own money pump into company, shown as Amount owed to Director. Now after few years, company got money. If company repay director the money, director will not be taxed. But does the repayment count as deductible expenses for company to reduce company chargeable income?

oops typo, yes capital in nature. But it is not a loan, then how is it dealt with? I am aware interest for loan is deductible, but in this case director does not consider it a loan. It is not compulsory for company to repay but they wanna reduce the amount in the 'Amount due to director'.


So you are saying that the repayment amount is non-deductible for the company as it is capital in nature, yes?

This post has been edited by xkaizoku: Jul 3 2024, 05:18 PM

Does anyone know affiliate marketing (like shopee sharing links and earning comission) is categorised under what? B form or BE form? If BE form, is under "other gains"?

The commission I get is very small, total probably rm50 from whole year. Or dont bother to declare?

okay I guess ill include it under other gains.