Answer both 2 question based on the explanation given. Thank you 1. James Tan...

60.1K

Verified Solution

Question

Accounting

Answer both 2 question based on the explanation given. Thank you

1. James Tan worked with the Lee Kong Ho BHD (LKHB) group of company as an information Technology officer for five year . He left LKHB group of companies to join Alor Start BHD Consultation Service (ASBC) , when he received a better offer . He worked at ASBC for three years , from 1 March 2010 . He later rejoined the LKHB group of companies for another five years , from 1 June 2014 . His employment was terminated in October 2019 when LKHB group of companies underwent a reorganization , whereby he reveived compensation for loss of employment of RM120,000 .

Required :

Discuss the tax treatment for the compensation for loss of employment of RM120,000 received by James Tan from LKHB .

2. Dr Jacquialin Pinochet , a visiting professor from the United State , came to Malaysia to visit a local University on 12 April 2019 , during her sabbatical leave . She worked at the local university giving guest lectures with local academicians on herbal medicine for 45 days . She was paid RM25,000 by the local university . She was in Malaysia for another month during which she visited local destinations .

Required :

Would the income received by Dr Jacquialin Pinochet be taxable under the provisions of the ITA ? Provide appropriates reasons for arriving at your answer

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students