Aku nak beli kereta, mana lg bgus under syarikat or personal? Kenapa?

Selamat berbuka!

Personal cheaper road tax (and insurance too iianm). Then get your company secretary to write reso to bring in your personal car into company.

Comp better, all expenses put under company.

So i can put all expenses under comp?

If company making profit then sure. If not, don't bother.

Under syarikat can claim as expenses.

btw ur is ent or Sdn BHD ?

Can. But usually tax agent will disallow some of those expenses for tax computation purposes, but better than nothing.

U need to calculate depreciation, higher insurance, the car cannot take home at night, need put company name on car, cannot use during weekend n public holiday.

Y cannot take home at night, use during weekends public holiday?

A lot of my friends with family business all their cars under company name but use car like its a personal car..

what load of bullshit u talking about?

do you actually owned a company car before commenting?

Well if u do that, u need to add Benefit in Kind to ur personal income tax. Which means u pay more personal tax. Of course alot malaysian abuses this loophole, and doesnt report the BIK.

A small extract from this blog :

http://kensomuse.com/blog/2014/05/13/priva...ng-company-car/


But that’s not all. In my last job, I was given a company car and I was surprised to see an item called Benefits In Kind (BIK) registered on my EA form. Essentially, any vehicle provided by the employer for the personal use or enjoyment by the employee is considered as BIK. I argued that the company car was provided to me for sales visits and I had another vehicle at home for personal use – until I was told that if I drive the vehicle home, it’s considered as personal use. And the amount is not small. This is significant because for those who doesn’t earn that much as a sales/front line personnel, the few extra thousand in the EA could potentially push them into another income bracket with a higher taxation rate, and you don’t really have cash to show for it.

Sorry i dont own a company car.. Do u?

Is it true that u need to put Benefit in Kind in your personal income tax if u use a company car? True or false?

if u dont pls dont speak up or comment something you have no clue of.

yes i do and in fact most my cars are owned by my company.

if your company has the credibility, why not park the cars under company where is deductable under company expense and Insurance is even lower if you own several company cars under multiple car rates.

Yes my company is adn bhd

What do u mean by credibility?

just answer me first. if i use a company car , i need to add it back as Benefit in Kind in my income tax. True or false??

you are business owner, but i think you not familiar with accounting. this is not criticism, i just wanna ask whether you know about Benefit in Kind.

This post has been edited by pisces88: May 27 2018, 08:45 PM

I tot ppl buy company car to avoid taxes?

Cabut lol

puffyballzzz again, i just wanna ask you about BIK, and tax implications to person using the car. is the below true or false?

i save you the trouble of google-ing:

Motor cars provided by employers are taxable benefit in kind :
So going back to Questions (1), the benefits on the value of private use of the car and petrol provided is benefit-in-kind and taxable to the person receiving the benefit. A car which is provided to the employee is regarded to be used privately if:

It is used for travelling between the office and the employee’s home; and

It is kept at the employee’s home where the motorcar can be used by the employee or his family.

I would suggest you not arguing with someone who's a regular in the finance section. he knows his shit