设立一个完整的公司愿景?

好的愿景须具有:
1. 核心理念,和
2. 展望的未来

核心理念定义了组织恒久不变的特质。它包含了两个独特的要素:”核心价值”与”核心目的”。

展望的未来包含两个部分:”胆大包天的目标”以及”生动描绘公司达到胆大包天目标后的景象”。

设立愿景,需要确保它的完整性,最好盖括所有完整所必需的要素整合在一起。

— 柯林斯, 薄乐斯

Heavy Penalty on Specified Tax Offence

Heavy penalties of a fine of up to RM5m or jail for up to five years or both will be imposed if the taxpayers are found committing any of the three specified tax offences under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, warned by the IRB Malaysia.

Creative Accounting and Fraud

Creative Accounting

to fool around the accounting in order to overstate or understate net income with reasons to cause effect on.

Fraud

an intentional misrepresentation of a material point or issue on which a victim relies, and results in victim(s) suffering damages.

Cash Incentive is Hospitality / Entertainment?

If cash incentive paid to staff and agents are regarded as entertainment expenses, its tax deductibility will immediately become questionable.  That is the argument which the tax authority holds on to not allowing the said cash incentives as tax deductible.

In tax reporting, a wise businessman will not blindly follow so called expert advise but will ensure his tax benefits are not in vain in advance as to avoid unnecessary doubts raised during the tax audit.  He knows well that only himself but no one, even the tax consultant, will pay the additional tax plus relevant penalty arising from the wrong treatment of income and expense items in his tax reporting.

(On the tax deductibility of Cash Incentives, one may like to make a reference to the latest case laws, NV Alliance Sdn Bhd v Ketua Pengarah Hasil Dalam Negeri, 2012.)

Legal Action Due To Neglect To Remit Tax Payment?

The Inland Revenue Board is not authorised to take legal action against taxpayers who neglect to remit their income tax or commit other offences under the Income Tax Act 1967. The Court of Appeal established a landmark ruling that revenue counsel is not empowered to act against those who fail to pay income tax. They further ruled that if the board did so, without first obtaining permission from the public prosecutor, the legal action would be unconstitutional, null and void.

A three men bench, led by Datuk Abu Samah Noordin, made the landmark ruling in allowing an appeal by taxpayers who were charged in a Penang magistrate’s court for failing to declare their combined income amounting to RM700,000 for YAs 2003 and 2004.

The unanimous ruling would be a precedent as the judgment of the Court of Appeal was final.

Taxpayers’ Concern

Taxpayers concerned over excess tax deductions should fill up their tax relief forms monthly and submit them to their employers before their next salary disbursement. This will help avoid issues of overpayment and eases the burden of waiting for a refund once taxes are filed annually, the Inland Revenue Board (IRB) said yesterday.

IRB’s public relations officer, Masrun Maslim, explained that employees should fill up the TP form (deduction and rebate for individuals), which is available at the IRB website, by stating their monthly expenses qualified for tax exemptions. By doing so, the amount deducted from the employee’s salary for taxes in that month will be the exact amount the employee is required to pay.

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