If there is anything that business people cringe at, it’s at the thought of paying taxes. In 2017, a lot of Malaysian top notch celebrities were owing taxes and the Malaysian tax authorities were right on their tail.
One would think that since these people earn a lot, paying taxes shouldn’t be a problem to them but just like it is a problem when you earn so little money, it is even a bigger problem when you earn a higher income. The logic behind thus is not far-fetched.
The Malaysian tax system is progressive in nature and so, there is a range of higher income you earn that your taxes will become higher in rates than those earning less than you. Those earning less than the stipulated government range get a fixed tax rate that they must deliver on unfailingly.
In this blog post, we’ll be showing you some common tax offences you should avoid an all cost.