PaTriCKLiM Diary

Whether you  are foreigner or Malaysia citizen , every income derive from Malaysia are taxable under section 7 ,  income tax act 1967. The tax rate are vary depend on your resident status .In general government are sharing our profit without risk .  So every one is try to run away from paying tax.  Is legally and to avoiding tax but not legally to evading tax  . So we need to be a smart taxpayer ...

According Malaysia income  tax act 1967, foreigner is entitled to any personal relief in tax payment .Non resident is liable to 30% direct tax .However , Non-resident employee who work in malaysia for less then 60days in calender year are exempted for tax . Beside this, those non-resident are entitle to claim tax rebate for selected item as show below : (a) Special classes of income  ...

Mr.Siau is a business man and he is Malaysian citizen .Mr.Siau have business in both country , which is Malaysia and Indonesia . He receive income form both country which is Malaysia and Indonesia. Discuss Whether a not Mr.Siau entitle to the income from both country . In the case whether Mr.Siau entitil to the tax for source from both county.According to the Income Tax Act 1967.Foreign source remitted into Malaysia ...

Mr tong insures his shop against fire for Rm1000,000 in 1 may year 2010 with ING insurance berhad .During the time Mr tong purchase the insurance, the insurer ask for the purpose of the shop, Mr tong said the shop is for selling flower . In fact the behind the shop is rent for the used of car workshop. On 3 Oct 2010 the Mr Tong  shop is on fire . In this incident , whether a not Mr tong still entitle for the compensation ...

Mr Chan buy life  insurance on April 2008, during the time he buy the insurance , insurer ask Mr Chan whether he is health and he is non smoker and non- alcoholic ? He answer he is non-smoker and non-alcoholic .In 2 month later  , Mr Chan become a smoker and after he bought the insurance due to the failure in business . After  4 month Mr Chan involve  in car accident and dead  . In this case ...

The word Uberrimae fidei is souce from latin  , it carry the same meaning as " utmost good faith" . Principle of  Uberrimae fidei always apply under the law of contract (especially in insurance) in the case  of one party is under a fundamental duty to disclose all the material fact and surrounding circumstances that could influence the decision of the other party to enter into the agreement .This because ...

Ye keat  want to upgrade he laptop to Sony one.So he plan to sell he old laptop to replace to new one . Ye keat put an advertising on Mudah .com as " HP laptop core 2 duo 1.67ghz for sale " . After 1 week ye keat receive a call from Ali who interested to the hp laptop. Ali is stay in Kedah but Ye keat stay in kl, so the process done by postlaju . In the next day Ali receive the laptop , he found that the brand ...