Image credit: Tamanna Rumee @ Unsplash Meet Company A and Company B. Same industry. Same year. Same profit: RM420,000. Company A pays RM68,400 in tax. Company B pays RM100,800. That's an RM32,400 difference. How is that so? Nobody cheated, and nobody hired a magician. Image credit: Omar Lopez @ Unsplash Company A simply qualified as an SME in LHDN's eyes. Company B didn't. Yes, LHDN gives discounts. No, they won't WhatsApp you about it. So today, we're answering the questions every business...

Image credit: SumUp @ Unsplash Your supplier forgot to send you an e-Invoice. Does that mean you have to make one for them? Not necessarily. According to LHDN, you're only required to issue a Self-Billed e-Invoice if your payment falls under a specific category called "Special Payments." What exactly is a "Special Payment"? Normally, whoever sells you something is the one who issues the e-Invoice. That's the default flow. But LHDN identified 9 specific scenarios where the normal flow doesn't...

You claimed a tax deduction for a business expense. LHDN said no. That's what a disallowed claim is, in a nutshell. Disallowed claims happen more often than you'd think. In fact, LHDN recently reminded business owners to exercise due diligence when declaring expenses in their tax returns. Every expense you deduct from your business income has to pass one test: was it wholly and exclusively incurred in the production of income? Only if yes can it be considered a business expense. This comes...