Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 1 (a): bintang sdn bhd (bintang) is a co

Question 1 (a): Bintang Sdn Bhd (Bintang) is a company resident in Malaysia. In...

60.1K

Verified Solution

Question

Accounting

Question 1 (a):

Bintang Sdn Bhd (Bintang) is a company resident in Malaysia. In the year 2020, Bintang purchased a machine from EE Ltd (EE), a company not resident in Malaysia. EE also sent an employee to Malaysia to provide technical services (in relation to the installation of machine) to Bintang. EE received RM25,000 from Bintang for this technical services provided.

Required:

  1. In relation to the RM25,000, determine the class of income received by EE, and explain whether withholding tax is applicable. (6 marks)

  1. Calculate the withholding tax (if any) on the payment for this technical services.

(3 marks)

  1. Assume withholding tax is applicable, discuss Bintangs withholding tax obligations as well as the consequences of failure to comply with the relevant withholding tax provision when Bintang had claimed RM25,000 as deductible expenses for the year of assessment 2020. (8 marks)

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

Finance
1.2K views

Suppose the call price is $14.10 and the put price is $9.30 for stock option where...

Finance
1.2K views

5.You bought 300 shares of Apache (APA) at $46.50 per share, 200 shares ofDelta Airlines (DAL)for...

Basic Math
1.2K views

If the point (1,2,k ) lies on the tangent plane to the surface Z=35x^2 +yln(xy) at...

Statistics
1.2K views

Jorge was at the park playing with friends. He found a typical die with 6 sides...

Civil Engineering
1.2K views

1. Write at least two sentences in your own words to explain the difference of using...

Biology
1.2K views

Suppose one large group of frogs on the mainland uses a low pitched call to...

Biology
1.2K views

c Given their size and simple cell structure to which of the three major groups...

Calculus
1.2K views

f t 9t 1 5 If find f t Simplify fully no negative exponents no...

Accounting
1.2K views

Q8.20: The sum of the balances of individual accounts receivable for all of the customers...

Accounting
1.2K views

Mike Cichanowski founded Wenonah Canoe and later purchased Current Designs, a company that designs and...

Accounting
1.2K views

Magic Company adds materials at the beginning of the process in Department A. The following...

Finance
1.2K views

After the Financial Crisis of 2007-2009, the Federal Reserve dropped the Federal Funds rate to...