accounting services

GSK & Associates

Foreign Exchange Gains and Losses - Accounting and Tax treatment

Tax and accounting treatment on foreign exchange gains and losses - based on MFRS 121, IAS 21, LHDN Guidelines and Public Rulings 12/2019.

6,566 views0 comments

GSK & Associates

Restriction on Deductibility of Interest - Section 140C

Section 140C is a new section in Malaysian Income Tax Act, 1967 (ITA), introduced via Finance Act 2018, effective from 1 July 2019. 1....

2,024 views0 comments

GSK & Associates

ACCOUNTING STANDARDS - CHRONOLOGY

A brief history of accounting standards developed by IASC, IASB, MASB, change of names, number and locally developed standard in Malaysia.

GSK & Associates

Directors' + Shareholders' Liability for Company's Tax

Who is liable to pay tax liabilities of a Company, if the Company fails to pay its corporate tax and Monthly Tax Deductions as an employer?

GSK & Associates

ACCOUNTING RECORDS KEEPING - A MANDATORY REQUIREMENT IN MALAYSIA

Accounting records keeping, a mandatory requirement in Malaysia. It is required by Income Tax Act, 1967 and Companies Act, 2016.

6,175 views0 comments

GSK & Associates

TAX PLANNING for INDIVIDUALS

Ways to reduce Income Tax for Employees and Service Directors and at the same time Employers gets full deductions of expenses. Out of...

1,035 views0 comments

GSK & Associates

LHDN - PENALTIES without NOTICE

There are penalties imposed by LHDN without notice or notification, one of it is under Section 107C(9), of the Income Tax Act, 1967....

6,955 views0 comments

GSK & Associates

Accounting Services - Cloud Based

We use Xero Accounting Software, Cloud-Based, and we provide full range of accounting services, and we have simplified the accounting...