Your tax director has requested that you prepare a proposal to Cik Farra, addressing the following issues: TAXATION Assignment, UTAR, Malaysia

University Universiti Tunku Abdul Rahman (UTAR)
Subject TAXATION

Your tax director has requested that you prepare a proposal to Cik Farra, addressing the following issues:

a) Tax incentives available Explain how MKSB is potentially eligible for each of the following incentives:

i. Pioneer status.

ii. Investment tax allowance.

iii. Reinvestment allowance. In each case, identify the period for which tax relief is available, or the years of assessment in which the incentive applies, and explain the mechanism for each incentive measure.

b) Computation of tax savings Compute the tax savings arising from each incentive measure for the first five years of operation. Attach your computations as an appendix to the letter.

c) Recommendations

i. Based on the computations above, state your recommendation; and

ii. If your recommendation in (i) is not approved, recommend your next best incentive or combination of incentives.

d) Group relief in respect of the tax audit and the group loss relief claim which has proved to be excessive, explain the consequences for MKSB as the claimant company, and Kekwa as the surrendering company. State any penalties which may be payable and whether there is any right of appeal regarding any penalties arising.

Required: 1. Prepare a proposal addressing all the matters above to Cik Farra as instructed by your tax director.

Get Solution of this Assessment. Hire Experts to solve this assignment for you Before Deadline.

Get Help By Expert

Get University Assignment Help from experienced writers. Malaysia Assignment Help has a dedicated team of academic experts who are capable to provide detailed solutions to accounting assignments at a budget-friendly price.

Answer

Recent Solved Questions

Online Exam & Assignment Writing Services

51770+ Orders Delivered

4.9/5
5 Star Rating

Confidential & Secure Assignment Help For

Group Assignment Help

Online Exam -Test & Quiz

Cheapest Price Quote

Diploma & Certificate Levels

Semester & FYP Papers

Summative & Individual

GBA & Reflective

Last Minute Assistance

Sample Assignment Download

CSC658 Computer Graphics UITM Assignment Example Malaysia
A multimedia course must have a study on computer graphics because this is one of the most important elements in any type of media. The information provided includes concepts and…
Computer & It
CSC569 Principles Of Compilers Assignment Example Malaysia
Compilers are a key component in the computer world. They process source code from one form to another and generate machine instructions that can be executed by a processor with…
Computer & It

UP TO 15 % DISCOUNT

Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now

Get Assistance for Assignments, online Exam, and Projects Writing