Presenter : Hazwani Hanis Mohamed

Presenter :Hazwani Hanis Mohamed

SOAREX SDN BHD

Company Background

Nature :Advertising,

designing and film

production

Location :14 countries

(Asia Pasific & Europe)

SOAREX SDN BHD

3 Cinematographers

The Proposals

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)

The Impact :

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

Computation - NR

RM

Salary 24,000

Entertainment allowance 72,000

Gross employment income 96,000

Not entitled to claim, any personal relief

Other Countries Legislations

Other Countries

Any fraud issues?

Tax TreatiesDouble

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.