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
- Pedagogical Implication on Student’s Performance in English Home Work, UO, Malaysia A number of studies done concerning the language of instruction and students‟ performance in secondary schools
- Management Assignment, SU, Malaysia You must use probability concepts and decision tree analysis to help you prepare the report
- FAR620: Consolidated Financial Statements Assignment, UiTM, Malaysia Glov Bhd is a publicly listed company in the healthcare sector. It manufactures and sells high-quality gloves which fulfill demand
- Stakeholder Management Assignment, LUC, Malaysia The concessionaire of the proposed Petaling Jaya Dispersal Link is seeking a listing on Bursa Malaysia via the reverse takeover
- LGP7024: “Article 121(1A) “does not oust the jurisdiction of the civil courts nor does it confer judicial power on the Syariah Courts”: Malaysian Legal System Assignment, VUS, Malaysia
- ENG1090: Let d be the last non-zero digit of your student number: Foundation Mathematics Assignment, MU, Malaysia
- Islamic Financial System Assignment, LU, Malaysia Banks in distress present a threat to orderliness and stability in financial markets. Left unresolved, users and providers
- Management Information Systems Report, AU, Malaysia To create a report and dashboard of sales analytics. Also, using the power bi technique, different customer types, product groups
- OUMH1203: English For Written Communication Assignment, OUM, Malaysia The Disadvantages of Social Media have Long been the Topic of Debate
- Unit 3 – Strategic Management And Leadership, Assignment, Malaysia