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Azim has been managing daily operations and business finances of his business, Triple-H Cafe in Georgetown, Penang since 2020. He is married to Cempaka, a Manager Hotel in D’Ocean Resort Penang. Both Azim and Cempaka are tax residents of Malaysia.
| Notes | RM | RM |
|---|---|---|
| Sales | 680,000 | |
| Less: Cost of sales | 1 | (230,000) |
| Gross Profit | 450,000 | |
| Add: Other income | 2 | 25,000 |
| 475,000 | ||
| Less: Operating expenses: | ||
| Depreciation | 11,300 | |
| Remunerations | 3 | 130,200 |
| Bad debts | 4 | 4,350 |
| Entertainment | 5 | 29,350 |
| Donations and contributions | 6 | 47,800 |
| Fees | 7 | 6,170 |
| Rent expenses | 8 | 24,600 |
| Repair and maintenance | 9 | 26,800 |
| (280,570) | ||
| Net profit | 194,430 |
During the year, Azim conducted a birthday party for his daughter using services provided by Triple-H Cafe worth RM3,000 (market price RM3,500). This transaction was not recorded.
| Compensation from supplier due to late delivery | 8,800 |
| Interest from Bank Islam Berhad fixed deposit | 8,700 |
| Gain on disposal of delivery van | 7,500 |
| Total other income | 25,000 |
| Azim bin Ahmad | Cempaka binti Roslan | |
|---|---|---|
| IC Number | 750112-08-5893 | 800622-10-2410 |
| Tax Reference Number | IG11500202145 | IG115002021458 |
| Bank Account | Hong Leong Berhad 012345567810 | Alliance Bank 012566792120 |
Complete the 2024 Form e-B and e-BE for Azim and Cempaka.
Create a video explaining joint assessment taxation in Malaysia covering:
CONFIDENTIAL AC/JUN2025/TAX467/GPROJECT
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