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Presenter : Hazwani Hanis Mohamed

SOAREX SDN BHD. Presenter : Hazwani Hanis Mohamed. A Developed Case Study Question to deliberate: What are the effect of this proposals? Are there any tax fraud issues?. Company Background. SOAREX SDN BHD. Nature : Advertising, designing and film production. Location :

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Presenter : Hazwani Hanis Mohamed

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  1. SOAREX SDN BHD Presenter : Hazwani Hanis Mohamed

  2. A Developed Case Study • Question to deliberate: • What are the effect of this proposals? • Are there any tax fraud issues?

  3. Company Background SOAREX SDN BHD Nature : Advertising, designing and film production Location : 14 countries (Asia Pasific & Europe)

  4. 3 Cinematographers

  5. The Proposals

  6. Residence Status • As an examples : • Period I 1.1.2009 – 30.03.2009 = 90days • Period II 1.5.2009 – 25.07.2009 = 86days • Period III 1.8.2009 – 28.10.2009 = 89days • Total number of days : 265 days • YA 2009 : Resident by virtue of Sec 7 (1)(a)

  7. The Impact :

  8. Computation - Residence RM • Salary 24,000 Entertainment allowance 72,000 Gross employment income 96,000 Less: Expenses Entertainment (3,200) Loan payable (1,000) Adjusted income 91,800

  9. Computation - NR RM Salary 24,000 Entertainment allowance 72,000 Gross employment income 96,000 • Not entitled to claim, any personal relief

  10. Other Countries Legislations

  11. Other Countries

  12. Any fraud issues? Tax Treaties Double Taxation Limit right to tax certain sources of income – depends on resident status taxation agreement Certain tax provisions considered income in two countries – to minimise fiscal evasion.

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