Dr Harvey is a Malaysian tax resident, worked in a private hospital in Kuala Lumpur as an endocrinologists. He was attached to this hospital for more than 15 years. On 30 April 2019, he retired from his service after he reached the compulsory age of retirement. He is married to Donna and they have two children. Donna is a home-maker and has no source of income. Below are the details of Dr Harvey's income and benefits for the duration of his employment in the private hospital in 2019: Monthly salary Parking allowance Fully Furnished Apartment paid by employer Leave Passage to Langkawi (travelled in January 2019) Gratuity upon retirement Total On-Call allowances Servant benefit paid by employer Other Income received by Dr Harvey in 2019: RM 10,000 per month 200 per month 2,000 per month (including RM 300 for furniture) 4,000 120,000 2,000 per month 2,500 per month RM Dividend from Malaysia resident company 6,200 Dividend received from a Labuan registered company 7.000 Monthly annuity received from his late mother's trust fund 5,000 Royalty from translation of books as per request from Ministry of Higher Education 16,000 Commission from recommending a patient to a specialist (friend 6,000 6,500 8,200 of Dr Harvey) Dividend from a company in Singapore (remitted to Malaysia) Interest income from a fixed deposit (Maybank) Dr Harvey owns an apartment in Kuala Lumpur. He receive rental from his tenant amounting to RM2,000 every month. In 2019, he spent RM500 for plumbing works in this apartment due to water leakage from the main washroom. He also spent an additional RM300 to install two brand new water heaters. In the year 2019, he paid RM150 for quit rent and RM250 for flood and fire insurance premium. Dr Harvey operates his own pharmacy. "Harvey Parma-care" under his sole proprietorship. Given below details of his Income Statement for the year 2019. RM Sales Less: Cost of Goods Sold Gross Profit 120.000 20,000 100,000 Less: Expenses Staff salary (one staff) 36,000 Utility 2,400 Rental 24,000 Salary to own-self (Dr Harvey will take care of the shop at night from 7pm to 11pm) 25,000 Net Profit 12,600