BLOG

What Is Form B, Form Be & Form P!?

January 13, 2023

bp-ast

Form B

The income tax return for individual with business income (income other than employment income)

The penalty imposed will be from RM200 to RM20,000 or imprisonment for not more than 6 months or both.

The Form B can get at any branch of the IRBM or you may submit the Form B via e-filing.

You are not allowed to submit income tax form for any year of assessment more than once. However, you are advised to send a letter of appeal (which states that a mistake has been made) and supporting documents to the IRBM branch which handles your income tax file.

 

Form Be

Resident individual (live in Malaysia over 182 days) who does not carry on the business and only have the employment income.

The penalty increased in tax of 10% of the total payment amount, under subsection 103(3) of the ITA 1967 shall be imposed.

 

Form P

Form P in order to show all income earned and business expenses deducted by the partnership during the year. excluding limited liability partnerships

Failure to furnish Form P on or before 30 June 2021 is an offence under paragraph 120(1)(d) of the Income Tax Act 1967 (ITA 1967)

Read More Articles

秘书费

January 10, 2025

bp-ast

秘书费 在马来西亚,秘书费是秘书公司为提供基本公司秘书服务而收取的费用,可以是每月、每季度、半年或每年一次。 在秘书领域,我们提供有价值的注册公司配套和秘书服务。所有必要的服务,包括合规性咨询,都将提供。 BP-AST更多的是提供咨询服务: 建议公司和董事会遵守法定要求。 根据公司情况提供秘书支持服务的建议。 作为公司与政府机构、银行、律师、审计师、税务代理和其他专业机构之间的官方联络方。   常问问题(FAQ) 1. 公司秘书和内部秘书有什么区别? 公司秘书是公司管理团队的重要成员,公司成立后必须任命一名秘书。公司秘书不仅限于为一家公司提供服务。公司秘书还可以为多个公司提供服务。但内部秘书纯粹为一家特定公司提供秘书服务。 2. 为什么选择公共公司秘书比选择内部秘书更好? 成本效益。与聘请内部秘书相比,聘请公共公司秘书通常更具成本效益。这是因为公司只需根据需要支付公共公司秘书提供的服务费用,而内部秘书需要每月支付薪资、福利和其他与雇用相关的成本。 3. 拥有公司秘书的重要性是什么? 公司秘书负责公司的高效管理。他或她需要确保遵守法定和监管要求,并同时执行董事会的职责或指示。公司秘书还充当股东和董事之间的调解者。 4. 为什么任命BP-AST作为公司秘书? BP-AST是一家全方位的会计事务所,提供专业的会计、税务、公司秘书、研讨会和商业咨询服务,是企业家的理想合作伙伴。通过其卓越的市场洞察力,BP-AST已经帮助许多公司优化其定位和流程,以在市场上更具竞争力。主要咨询师兼总监 Raymen Lee 更是拥有丰厚资历,除了身为全球特许会计师,还是工商管理硕士的持有者,以专业的分析能力提供许多企业对症下药的方案,成功将业务表现推到更高的一层楼。

SHARES

January 3, 2025

bp-ast

SHARES What is Shares ? A share is referred to as a unit of ownership which represents an equal proportion of a company’s capital. A share entitles the shareholders to an equal claim on profit and losses of the company   Types of Share Preference share capital Equity share Capital   Why Shares are issued by a Company ? Issuing shares in share market can provide the following advantages: New finances Market valuation for the company A mechanism for an investor to trade shares   Why Invest in Shares When an investor invests money in the stock market, it has the potential to grow rather than keeping money in a savings account. There are two ways through which you can make money from shares i.e. capital gains and income.        

What is Secretary Retainer Fee

December 27, 2024

bp-ast

What is Secretary Retainer Fee Secretary Retainer Fee In Malaysia, secretary retainer fee is the fee that company secretary firm will charge for the basic company secretarial service provided, it could be on monthly, quarterly, semiannually or annually. Generally, this fee does not cover any services provided by your ‘s company secretary, except for maintaining compliance with the Companies Act 2016. In the secretarial field, we offer valuable incorporation packages and services. All essential services, including compliance advising will be provided. BP-AST is more to an advisory service: Advice the company and the board to compliance with statutory requirement. Provide advice on secretarial support service according to company situation. As an official liaison party for the company between government bodies, banker, lawyer, auditor, tax agent and other professional body.   Frequent Ask Question (FAQ) What is the difference between company secretary and In house secretary? Company secretary (CS) is an essential member of the company’s management, and it is a legal requirement that a secretary be appointed after the company’s incorporation. CS didn’t limit service for a company. A public CS could serve multiples company. But In house secretary purely provide service to a particular company as a secretarial department. Why choose a CS compare to In house secretary? Cost-effectiveness. Engaging a CS is often more cost-effective compared to hiring an In house secretary. This is because the company only needs to pay for the services rendered by the CS as and when required, whereas an In house secretary would require a monthly salary, benefits, and other employment related costs. What is important to have a CS? A CS is responsible for the efficient administration of a company. He or she needs to ensure compliance with the statutory and regulatory requirements and at the same time carries out duties or instructions made by the board of directors. A CS also acts as a mediator between shareholders and directors. Why appoint BP-AST as your CS? BP-AST is an all-in-one accounting firm offering professional accounting, taxation, company secretarial, seminar and business advisory services, making it the perfect partner for entrepreneurs. Through its exceptional market insight, BP-AST has helped many companies optimize their positioning and processes to become more competitive in the marketplace. Mr. Raymen Lee, the Principal Consultant and Director, is a Chartered Accountant Worldwide (CAW) and Master In Business Administration (MBA) holder who has provided many companies with the right solutions to take their business performance to the next level.