Feb 25 2008, 10:07 PM
QUOTE(lucifah @ Nov 22 2006, 03:25 PM)
OK. this thread is not for the faint at heart.
This thread serves the purpose to help those with an annual income exceeding RM70,000 or businessess where you can't alter your profit or loss
the question:
How do I reduce my income tax?
Of course, some of my ways would be:
1. Increase expenditure
2. Buy lots of assetts - vehicles h&p, building s&p, etc
3. Pay high salary to "family employees"
4. pay zakat
5. computer - rm 3,500 insta-rebate (sadly, every 3 yrs only)
any of you got any more ideas? i do hope LYN hs some real accountants / editors who can share their thoughts on how to reduce the taxes without breaking any law
Should be auditors instead of editors.This thread serves the purpose to help those with an annual income exceeding RM70,000 or businessess where you can't alter your profit or loss
the question:
How do I reduce my income tax?
Of course, some of my ways would be:
1. Increase expenditure
2. Buy lots of assetts - vehicles h&p, building s&p, etc
3. Pay high salary to "family employees"
4. pay zakat
5. computer - rm 3,500 insta-rebate (sadly, every 3 yrs only)
any of you got any more ideas? i do hope LYN hs some real accountants / editors who can share their thoughts on how to reduce the taxes without breaking any law
Land and building is not allowed for capital allowance or expenditure claimed.
Pa
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