Knowing which expenses are non-deductible and deductible in the production of income will help you to minimise cost in the non-deductible expenses. Here are some of deductible expenses in taxation that you should be aware of.
In Malaysia, who is required to pay withholding tax? And what exactly is withholding tax? What are the specific tax rates levied on payees and payers? This question will stay in our minds when we first hear the term withholding tax, and some may not know that it falls within the withholding tax.