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Download Issue 55
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Issue 55: September 2006
With the advent of the Self-Assessment System for individuals from the year of assessment 2004, the Inland Revenue Department (IRD) of Malaysia has so far issued two Public Rulings (2/2004 and 1/2006) on the taxation of perquisites and Benefits-in-kind (BIK) respectively. This issue discusses the taxability of perquisites vs Benefits-in-kind (BIK).
Read about:
- What distinguishes perquisites and Benefits-in-kind (BIK)
- Non taxable perquisites and Benefits-in-kind (BIK)
- Practical implications
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Note: PwC Alert is a digest of topical financial and business information that was initially published for/distributed to clients and business associates of PwC Malaysia. As part of our knowledge-sharing initiative, we have made the Alerts available for download w.e.f. Issue 49. Whilst every care has been taken to ensure the accuracy of information in this newsletter, we make no representations about the suitability, reliability, timeliness, completeness and accuracy of the information for any purpose. All such information is provided "As Is" without warranty of any kind. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.
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