TAXATION Assignment, UTAR, Malaysia Your tax director has requested that you prepare a proposal to Cik Farra, addressing the following issues
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.
Recent Solved Questions
- Programming Fundamental Assignment, TU, Malaysia Morgan Stark is a child prodigy just like his father Tony Stark when he was young. At five years old, she self-taught herself
- With the current growing populist rhetoric in the western democracies such as the U.S.A: International business Assignment, HWU, Malaysia
- Statistics for Engineering Technology Case Study, UniKL, Malaysia What is the correlation coefficient of the linear regression equation? What does this tell you? Explain
- Alternative dispute resolution Essay, IIUM. Malaysia In Malaysia, there are two different types of mediation practices Firstly, mediation is available in the court
- HRM3183: Car Restoration Business (CRB, Inc.) is interviewing you for a position as its human resources manager part-time: Performance Management Case Study, UPTM, Malaysia
- PBS3233: International Business Assignment, KPTM, Malaysia The economic system in the world refers to the way in which countries organize their economies to allocate
- BFW3651: Treasury Management Assignment, MUM, Malaysia Evaluate and provide a historical overview or background of the Sri Lanka’s exchange rate system
- Macroeconomics Assignment, IUMW, Malaysia International Monetary Fund (IMF) in their October 2022 publication reported that global economic activity is experiencing
- TAX467: Statutory Business Income of Sinar Indah Shop for the year assessment 2023: Taxation Assignment, UiTM, Malaysia
- Procurement Management Case Study, TARC, Malaysia Critically discuss pertaining to the FIVE (5) important viewpoints on what makes a Good Project Manager to decide on the above matter