Business Insights



OneLink Ipoh Accounting Firm celebrates New Year 2017

OneLink Ipoh Accounting Firm celebrates New Year 2017 at Weil Hotel Ipoh

Two Cardinal Sins in Life and Business

In life and business, there are two cardinal sins. The first is to act precipitously without thought and the second is to not act at all.

生活和事业都有两种基本原罪。第一种是没思考过就仓促行动,第二种是完全没有行动。

— Carl Icahn 卡尔•艾康

IRB issues public rulings on tax borne by employers and income from employment on board a ship

The Inland Revenue Board (IRB) has published the following public rulings (PRs):

    • Tax Borne by Employers (Second Edition) (PR No 11/2016) dated 8 December 2016.

    • Taxation of Income from Employment on Board a Ship (PR No 12/2016) dated 9 December 2016.

IRB launches its second focused friendly visit for 2016

er • Improving its collection

    • Reducing its outstanding tax amount, and

    • Promoting its voluntary disclosure programme.

Kindly visit the IRB website for further details.

Source: IRB website, 2 November 2016

Announcement: YA 2016 

IRB issues public rulings on industrial buildings (part 2)

The Inland Revenue Board (IRB) has published a public ruling (PR) on “Industrial Buildings Part II” (PR No 10/2016) dated 5 December 2016.

The PR explains the types of buildings that qualify as industrial buildings under the provisions of para 80, Sch 3 of the Income Tax Act 1967 through the Income Tax Rules made by the Minister of Finance and the corresponding rates of allowances.

Kindly refer to the IRB website for further details.

Source: IRB website, 5 December 2016. © Intelliconnectasiapacific