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.

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

hello what u compare is COMMERCIAL vehicle not Company car ..... even both under company property.

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.

When you are given a company car, it is considered a perk. Any perk(s) has monetary value and it is taxable income.

There are many ways to formulate this and scenarios. I am not your company’s accountant thus I am unable to give you an appropriate answer to your question.

Let me ask you back this question. As an employee with personal car, would you use your own car as mode of transport for your sales activities or use a company car that is fully paid for eg cost of car, petrol & maintenance?

ur question is weird.. but i will use company car.

If i use company car for sales activities, and use it to travel after working hours or going home with the car, then i need to declare BIK (personal tax). True or false?

Not a weird question after all. Anything you take from company that makes you feel good is taxable.

To answer your question, if you take the company’s car home is taxable. If you return the car to the company after work if not taxable. I have a chauffeured car and my driver is not taxed because he returns the car to the company after work and ride his bike home.

Hope my answer helps with your confusion.

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

There's a difference between a company car owned by u AND a company car under company not own by u ^^

commercial vehicle? no la bro.. its for 'consumer' vehicles / car, if you want to put it that way 

please, kindly read here... Summary: This person was provide a Camry by his company

http://www.yycadvisors.com/tax-treatment-o...-employers.html
if i misunderstood the meaning, please advise me.. i really want to know, im not looking to win an argument if my facts are wrong    im not saying im right, im just stating what i read and understand.

There's a difference between a company car owned by u AND a company car under company not own by u ^^

u need to ask hapseng accountant for it ... they give i drive with their CARD.
for my personal company car, u need to ask my accountant for it (which i might able to help, but she currently in business tour in Jap) ...

Ah i see u know ur shit too hahaha

Hahah ur answer actually explains why i said you cannot bring the car home and during weekends, or else will have BIK in ur personal income tax.  Which u earlier said was wrong and say i bullshit..

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.

I may not have to further explain myself and indeed what you stated earlier is completely bullshit. Pls read the topic tittle if he should buy a car under company or personal.

Speaking of which, he is the director and buying a car under company would greatly benefit him wherelse you as an employee applies to a whole different scenario.