Income tax with business income, How?
|
|
 Mar 31 2018, 11:23 AM, updated 8y ago
Return to original view | IPv6 | Post
#1
|
 
Newbie
7 posts Joined: Jan 2018 
|
Hello, I have some questions about the tax filing.
I have a LLP business which was incorporated in November 2017, do I need to file income tax for the business? Is the business can be separated with the individual income tax filing? For example, the partners are not eligible to have salary from the LLP business. So in my individual income tax, how should I file? Do I still need to declare through e-B? Hope to have some guidance from you all...  thank you thank you! |
|
|
Apr 4 2018, 10:14 PM
Return to original view | IPv6 | Post
#2
|
|
Newbie
7 posts Joined: Jan 2018
|
QUOTE(aspartame @ Apr 3 2018, 07:18 AM) Get a tax agent. Do you know normally how is the charge of a tax agent? Please advise..... I dont know the rate. |
|
|
Apr 10 2018, 12:14 AM
Return to original view | IPv6 | Post
#3
|
|
Newbie
7 posts Joined: Jan 2018
|
QUOTE(trusol @ Apr 7 2018, 01:56 PM) LLP is a body corporate like a Sdn. Bhd., which means it is like an individual. It's income tax filing is using form PT. You don't need to declare the business in Form B. In fact, you may not even need to use Form B if you don't have other sole proprietorships or normal partnerships. You probably need to use Form BE. Partners of an LLP can have salaries, but LHDN won't allow it unless the salaries have been agreed on in an LLP agreement between the partners.  Clear!! I got your idea!! Thank you so so much!!! |
| Change to: |  0.0143sec
 0.53
 6 queries
 GZIP Disabled
Time is now: 16th December 2025 - 06:39 AM |
Quote