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i've been busy for the past few weeks,
busy to do the filling for the companies where thier income tax is due on 31 October 2005.
sometimes i just cannot imagine how come i have so many portfolio,
while my senior have just a little number of portfolio.
however, it seems that
my senior's job would be much more relax since they have the choice to choose whether to work on this case or to outsource to other groups.
yesterday i called a client.
this client was nasty in the sense that, he was quiet upset with the previous tax agent and have a bad impression of the tax agent.
what happened was last year he provided information to the tax agent at a very very early stage and the tax agent went on to ask this and that.
and he felt irritated by those commonsense question.
so this year he purposely delay the tax information to be send to the tax agent.
why? he do not want the previous problem to happen again.
erm... it seems to me that he does not cares about whether the company is submitting the correct tax liability.
however, from my point of view, it is important to submit the correct tax return.
because with the right amount of business loss, it could be transfer to the related company and save the tax for the related companies. this is a new concept in malaysian tax where it is proposed in the 2006 budget which was just announced.
there is a quote where i saw from somewhere in the recent tax seminar's slide.
'penalty is tax on doing some wrongly,
tax is a penalty on doing something right'
busy to do the filling for the companies where thier income tax is due on 31 October 2005.
sometimes i just cannot imagine how come i have so many portfolio,
while my senior have just a little number of portfolio.
however, it seems that
my senior's job would be much more relax since they have the choice to choose whether to work on this case or to outsource to other groups.
yesterday i called a client.
this client was nasty in the sense that, he was quiet upset with the previous tax agent and have a bad impression of the tax agent.
what happened was last year he provided information to the tax agent at a very very early stage and the tax agent went on to ask this and that.
and he felt irritated by those commonsense question.
so this year he purposely delay the tax information to be send to the tax agent.
why? he do not want the previous problem to happen again.
erm... it seems to me that he does not cares about whether the company is submitting the correct tax liability.
however, from my point of view, it is important to submit the correct tax return.
because with the right amount of business loss, it could be transfer to the related company and save the tax for the related companies. this is a new concept in malaysian tax where it is proposed in the 2006 budget which was just announced.
there is a quote where i saw from somewhere in the recent tax seminar's slide.
'penalty is tax on doing some wrongly,
tax is a penalty on doing something right'
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