Thannees Tax Consulting Services Sdn Bhd

Not filing your tax returns on time is not only an offence that could be prosecuted in court, it could also lead to the Inland Revenue Board issuing best judgment assessments and imposing penalties on you. In today's The Star, our managing director Thanneermalai Somasundaram explains on what and when a best judgement assessment will be issued by the tax authorities, and what needs to be done to address it. Read the full article here -> https://lnkd.in/gkniYQBw #thanneestax #taxation #tax

In this week's TheSunDaily, our managing director Thanneermalai Somasundaram discusses about the potential tax implications from making year-end adjustments in your financial statements. Read the full article here -> https://lnkd.in/gyq-Wjxk #thanneestax #taxation #tax

𝗪𝗔𝗞𝗘-𝗨𝗣 𝗖𝗔𝗟𝗟! Over 200,000 individuals have been barred from leaving the country due to unpaid taxes❗ This significant action by the Inland Revenue Board of Malaysia aims to recover outstanding debts and enforce tax compliance. 📝𝗔𝗰𝘁𝗶𝗼𝗻 𝗻𝗲𝗲𝗱𝗲𝗱 ➡️Please check your records to ensure your tax filings & payments are up-to-date ➡️Check the status of your tax arrears through the MyTax portal which can be accessed at https://lnkd.in/gArXzJGF ➡️Check your “Travel restriction status” at https://lnkd.in/gVCJCXt2 ➡️If you have under-declared your income or you have not submitted your tax returns and wish to come clean, seek advice / guidance from tax consultants on the mechanism for voluntary disclosure Act now! 📫 Please reach me at [email protected] if you need any help. Thannees Tax Consulting Services Sdn Bhd https://lnkd.in/gRXexfJ2 #taxation #voluntarydisclosure #taxadvice #taxconsultant #SBtax #LHDN #taxdue #travelrestriction

In today's TheSunDaily, our managing director Thanneermalai Somasundaram discusses on the tax reliefs an individual taxpayer should take advantage of before the end of 2024, and also to prepare for the new tax measures coming into effect from 1 January 2025. Read the full article here -> https://lnkd.in/gSG9Fj-2 #thanneestax #taxation #tax

Taxpayers with revenue above RM100m have implemented e-Invoicing by 1 August 2024. However, this journey has not been smooth sailing for many, and some taxpayers are still facing issues with their e-Invoice implementation today. In our half-day seminar to be held on 19 December 2024, find out the common e-Invoicing issues faced by taxpayers in the implementation of e-Invoicing, and how it can be resolved. This seminar is recommended for: - 1st phase taxpayers who still have issues with their e-Invoice implementation - 2nd / 3rd phase taxpayers who wish to know the possible e-Invoice issues so that they can be more well prepared Refer to the brochure below for more information. Don't miss out, register now -> https://lnkd.in/gca3RHAe

When a taxpayer feels aggrieved by a notice of assessment from the Inland Revenue Board / bill of demand from the Royal Malaysian Customs Department, they can appeal against the matter at the courts. However there is a cost for seeking justice on tax matters, and unfortunately, the cost is not cheap. In today's TheSunDaily, our managing director Thanneermalai Somasundaram discusses the costs that needs to be forked out by taxpayers in the event they wish to appeal against any assessments issued by the tax authorities in the courts. Read the full article here -> https://lnkd.in/d9ZHvZFF #thanneestax #taxation #tax

While Malaysia has implemented Capital Gains Tax from 1 January 2024, the tax issue of whether disposal of capital assets (real property or unlisted shares) will be subject to RPGT/CGT vs. income tax vs. no tax is still an ongoing matter between the Inland Revenue Board and taxpayers. In this week's TheSunDaily, our managing director Thanneermalai Somasundaram discusses on the challenges taxpayers faced in defending the proceeds received from disposal of capital assets are capital gains instead of trading income. Read the full article here -> https://lnkd.in/gdYQD2Fr #thanneestax #tax

🌟 Happy Deepavali from all of us at Thannees Tax Consulting Services Sdn Bhd! 🪔May the festival of lights bring you peace, joy, and prosperity. #Deepavali2024 #Diwali2024 #thanneestax

Check out this podcast from BFM 89.9 - The Business Station where our managing director Thanneermalai Somasundaram shares his thoughts on the tax reliefs announced in Budget 2025. Listen to the full podcast on BFM's website here -> https://lnkd.in/gsc4rGuC #thanneestax #tax

Missed out on our Belanjawan 2025 webinar? Don't worry. We've got you covered. Read Sangeetha Balan's recap ⤵️ on what was shared during our webinar. #Belanjawan2025 #Budget2025 #Malaysia #tax #taxation