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World Worth Living

April 16, 2010. Annual charge levied on both earned income (wages, salaries, commission) and unearned income (dividends, interest, rents). If there is no income, there is no income tax. In Malaysia, income tax is imposed, assessed and collected under the Income Tax Act (ITA) 1967. Two Basic Types :. Personal income tax, levied on incomes of individuals, households, partnerships and sole proprietorship. Corporation income tax, levied on profits (net earnings) of incorporated firms. Tax is the biggest sour...

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World Worth Living | milleniasociety.blogspot.com Reviews

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April 16, 2010. Annual charge levied on both earned income (wages, salaries, commission) and unearned income (dividends, interest, rents). If there is no income, there is no income tax. In Malaysia, income tax is imposed, assessed and collected under the Income Tax Act (ITA) 1967. Two Basic Types :. Personal income tax, levied on incomes of individuals, households, partnerships and sole proprietorship. Corporation income tax, levied on profits (net earnings) of incorporated firms. Tax is the biggest sour...

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World Worth Living | milleniasociety.blogspot.com Reviews

https://milleniasociety.blogspot.com

April 16, 2010. Annual charge levied on both earned income (wages, salaries, commission) and unearned income (dividends, interest, rents). If there is no income, there is no income tax. In Malaysia, income tax is imposed, assessed and collected under the Income Tax Act (ITA) 1967. Two Basic Types :. Personal income tax, levied on incomes of individuals, households, partnerships and sole proprietorship. Corporation income tax, levied on profits (net earnings) of incorporated firms. Tax is the biggest sour...

INTERNAL PAGES

milleniasociety.blogspot.com

1

World Worth Living: The Differences of Business Entity

http://www.milleniasociety.blogspot.com/2010/04/differences-of-business-entity.html

April 16, 2010. The Differences of Business Entity. Owned by a single individual. Business is dissolved when owner dies. No transfer of ownership is possible. Does not need to submit any financial reports. Unlimited liability - owner is obliged to pay for all business debts from his personal assets if need to. All profits and losses are borne by owner unlimited. An association of two or more individuals. Ownership can be transferred through transfer of shares by either sale or inheritance.

2

World Worth Living: Abdul Aziz B Atan & Others V Ladang Rengo Malay Estate

http://www.milleniasociety.blogspot.com/2010/04/abdul-aziz-b-atan-others-v-ladang-rengo.html

April 15, 2010. Abdul Aziz B Atan and Others V Ladang Rengo Malay Estate. ABDUL AZIZ B ATAN and OTHERS V LADANG RENGO MALAY ESTATE (1985). Ladang Rengo Malay Estate deals with the palm oil industry. Abdul Aziz b Atan was one of the employees of the company at that time. Ladang Rengo Malay Estate rejected their wished and thus they did not want to pay the pension. Abdul Aziz B Atan still claimed that they have the pension benefit. Courts rejected Abdul Aziz b Atan and others claimed. The Differences of Bu...

3

World Worth Living: Taxation In Malaysia

http://www.milleniasociety.blogspot.com/2010/04/taxation-in-malaysia.html

April 16, 2010. All the citizens in Malaysia should not be ignorance about what's going on within the country. Good tax payers will asked and inquiry where did their money financed to. The definition of tax is 'a sum of money paid by the citizens to the government on the income or value of purchases of certain specific goods and services'. In Malaysia, the citizens paid their tax to the In-Land Revenue Board (IRD). There are two types of taxes applicable in Malaysia :. Indirect taxes : government's colle...

4

World Worth Living: Judicial Veil Lifting

http://www.milleniasociety.blogspot.com/2010/04/judicial-veil-lifting.html

April 16, 2010. In Gilford Motor Company Ltd v Horne [1933]. Ch 935 a former employee who was bound by a covenant not to solicit customers from his former employers set up a company to do so. He argued that while he was bound by the covenant the company was not. The court found. That the company was merely a front for Mr Horne and issued an injunction against him. In Jones v Lipman [1962]. He formed a company in order to avoid the transaction and conveyed the land to it instead. Further reading click here.

5

World Worth Living: Nemo Dat Quod Non Habet

http://www.milleniasociety.blogspot.com/2010/04/nemo-dat-quod-non-habet.html

April 16, 2010. Nemo Dat Quod Non Habet. The above phrase means where goods are sold by a person who is not the owner and without the consent of the original owner, the buyer acquires no better title than the seller had. However, there are exceptions to the rules. Sale by mercantile agent in the ordinary course of business, the buyer will obtain good title. Sale by joint owner. Sale by seller in possession after sale. Sale by buyer in possession. Subscribe to: Post Comments (Atom). Nemo Dat Quod Non Habet.

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World Worth Living

April 16, 2010. Annual charge levied on both earned income (wages, salaries, commission) and unearned income (dividends, interest, rents). If there is no income, there is no income tax. In Malaysia, income tax is imposed, assessed and collected under the Income Tax Act (ITA) 1967. Two Basic Types :. Personal income tax, levied on incomes of individuals, households, partnerships and sole proprietorship. Corporation income tax, levied on profits (net earnings) of incorporated firms. Tax is the biggest sour...

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