When can we claim Capital Allowance and Reinvestment Allowance?

The following case illustrated how the Inland Revenue Board (IRB) in Malaysia looked at the function of assets claimed and their eligibility of claiming capital allowances.I found it very interesting as to how the Special Commissioners looked and allowed the appellant's claim as opposed to how the IRB handled the case in the first place.

In the case of HHM Sdn Bhd v Ketua Pengarah Hasil Dalam Negeri, the appellant had claimed reinvestment allowance for the following projects under appeal:

• forklifts;
• ramps;
• sprocket;
• oil pump; and
• crankshaft.

A day out at the 2015 CPA Australia Congress in Malaysia

I once again had the wonderful opportunity to attend the annual CPA Australia Congress in Malaysia, this time held at One World Hotel on 22 September 2015. Those of you who attended last year will be aware of the rave reviews it received, with a well-rounded programme consisting of speakers from diverse industries and backgrounds.

This year, the theme was "Leadership. Strategy. Business" and it did not disappoint, addressing relevant and up to date issues as well as inspiring takes on leadership and how the profession continues to remain relevant. Although there were a few last minute changes to the line-ups, it did not detract from the overall quality of the sessions.

Singapore GE2015 and taxes

Singapore's general election to form its 13th Parliament was held on 11 September 2015. The ruling People's Action Party secured a popular vote share of 69.9%, an almost 10% increase from the 60.1% it got in the 2011 election, reversing a decade-long downward trend in the PAP’s popularity.

GE2015 was the first since 1963 to see the PAP challenged in all the seats. The PAP took 83 of the 89 seats in 29 constituencies, up from 80 in 87 in the last Parliament.

Among the key issues raised by opposition parties during the nine days of hustings were: foreigner influx, job displacement by foreign workers, public transport overload, public housing cost and supply, hospital bed crunch, rising costs of living and income inequality.

GST Compliance Made Easy is out!

That's right! The GST Compliance Made Easy book for Malaysia is now available for purchase.

GST - When you just HAVE to be right...

Let’s face it, 6 months down the road since its implementation, uncertainty still reigns with regards to GST. Businesses continue to struggle with their returns, and you might not even notice those errors that you end up making. Nevertheless, compliance must continue.

We at Wolters Kluwer want to help you. We want to make sure you avoid these errors, and minimise your chances of getting hauled up by the authorities for unnecessary mistakes. That’s why we’ve come up with the following workshop:

"Costly GST Mistakes and Practical Ways to Avoid Them"

Joy for older employees

Older employees in Singapore who are keen to continue working will be able to benefit more once the new legislation to increase re-employment age from 65 to 67 is passed by year 2017.  Lower birth rates and aging population contribute to the need to retain competent older employees.