New tax system for Specialists!

Recently the Inland Revenue Department has issued a new directive that specialists can no longer form a private limited company (Sdn Bhd) and declare their income via this mode. They must declare their earnings under personal income. Corporate taxes have always been lower by up to 6% which is substantial. After years of approving this, IRB has now made an about turn, forcing specialists to declare their income under the personal income category.

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