For a sole proprietor. Are there any laws against this ? Sometimes I heard bank staff say personal account cannot be used for business transactions , citing legal reasons. But there's none right ? It's just that they want more money because there are more charges to business accounts ?

Coz ur:
1. running tax
2. Money laundering


This post has been edited by lahart: Oct 5 2018, 09:24 AM

Pk

how is it running tax, if let say TS compute, file and pay his business tax accordingly

later the acc kena blocked

like using personal acc as donasi acc

My friend's account just got froze for exactly this reason. Now he wants to open an enterprise account to do business instead lel

Yes is it evading tax
Coz u can declare less

You can also declare less with a business current account. Nothing to do with tax evasion. Besides banks are not supposed to investigate tax evasion - that's the job of LHDN. The most they can do is to report to them.

That's a BS excuse. They just want your money because business accounts usually come with hefty fees

Haha so u believe rosmah n najib r innocent then
1 is menabung 1 is donation?

It will trigger many alarm beside evading tax
Scam money?
Money laundering?
Y dunwan open company acc?

Kindly enlighten wat fee is impose on business acc

This post has been edited by lahart: Oct 5 2018, 09:43 AM

Ppl here still believe najib money is donasi
N rosmah have many tabung

In what amount will consequent as business ?

Coz my quarterly personal account transaction about 1mil no kena anything.

What hefty fee is tat?
I only notice service charges for clearing cheque, 50 cent
On9 transaction only 10 cent
But celaka OTC cheque withdrawal charge rm2..

har got such rules meh.

i tot sole proprietor can use his/her own account because if the business bankrupt, the owner also bankrupt.

Just use current account, easier for many transactions

Ndnr

This post has been edited by jfleong: Oct 5 2018, 09:51 AM