the powerful and rich don't need to evade LHDN.... LHDV evade/avoid them.

haha

What are the SOPs?

Is this different than normal people?

Are these Millionaires pay full cash?

How they evade from LHDN?

Any experience, gossip or tea?

Use runner, ask runner to buy under company name, declare as company expenses/asset (for tax relief). All vehicle expenses under company (company expenditure) for further relief.

After xxx years, declare asset released due to EOL, transfer to xxx individual (again via runner), ???, profit.
Some lagi jahat, guna Labuan shell company to buy car duty free and pay with undeclared wealth. Cibais.

not entirely correct. a business can only claim tax deductible expenses if the business declared benefit in kind to the user. Ie, user of the car need pay more personal tax because of the BIK.

500k bmw claim 150k CA? sure or not? Don't mislead la wei.

I might be wrong, but they use their company name to buy those luxury cars. It's cheaper, i don't know how much. But roadtax or insurance might be much expensive compares to if you buy under your own name. Then after like 3-5 years, the owner can buy off the car cheap from their own company and then changed ownership to their own name. Again i might be wrong though, see if there's some real experts here might able to correct me.

google lo. QE for car is 50k for new cars above 150k.

sorry ah i typo, not 150k is 50k.

New motor vehicle which cost more than RM150,000 the qualifying expenditure is RM50,000

https://www.sql.com.my/accounting-software/...ital-allowance/
hope you learn something new today

Nothing wrong with being rich as long as they make the money the halal way.

Taxation code favour businesses to encourage more people to do business.

Always remember Gaji doesn't fall from the sky.

Gaji came from entrepreneurs who took risk and succeeded in their business. Many failures

deswai. you said 500k bmw can claim 150k CA.   

Buy G1M number plate to drive luxury cars in KL / Selangor.. Open secret loophole