Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use this if need addition information to do the question Question 1 Mr. John Smith, an English citizen, came to Malaysia on 1 June 2015

image text in transcribed
Use this if need addition information to do the question image text in transcribed
Question 1 Mr. John Smith, an English citizen, came to Malaysia on 1 June 2015 to work with a multinational company His periods of stay in Malaysia are as follows: Year Period of stay 2015 01.06.15. - 30.09.15 2016 16.04.16 - 31.08.16 11.09.16 - 31.12.16 2017 01.01.17 - 31.01.17 2018 11.04.18 - 21.07.18 2019 2020 01.04.20- 30.09.20 No. of days 122 138 112 31 102 Not in Malaysia 183 Note: From 1 September 2016 to 10 September 2016, he was in London, United Kingdom, to attend an international seminar in relation to his work matters. Required: Explain Mr. John Smith's tax residence status for each year of assessment from 2015 to 2020 based on Section 7(1) of the Income Tax Act, 1967. Total :10 marks The following rates and allowances are to be used for all questions in this paper: Motorcars and related benefits - value assessable extracted from Public Ruling No. 3/2013 issued by the Inland Revenue Board. Cost of car (when new) Annual value of BIK Fuel per annum RM RM RM Up to 50,000 1,200 600 50,001 - 75,000 2.400 900 75,001 - 100,000 3,600 1,200 100,001 - 150,000 5,000 1,500 150,001 - 200,000 7,000 1.800 200,001 - 250,000 9,000 2,100 250,001 - 350,000 15,000 2,400 350,001 - 500,000 21,250 2,700 500,001 and above 25,000 3,000 When the car provided is more than five years old the taxable car benefit is halved but the value of fuel provided remains unchanged. Household furnishings, appliances, etc: RM () Semi-furnished with furniture in the lounge, dining room, or bedroom 840 per annum (RM70 per month) (ii) Semi-furnished with furniture as in (i) above plus, one or more of air 1,680 per annum conditioner, curtains and carpets (RM140 per month) (iii) Fully-furnished with benefits as in (1) and (ii) above plus, one or more 3,360 per annum of kitchen equipment, crockery, utensils and appliances (RM280 per month) Other benefits Driver Gardener Domestic servant RM 7,200 per annum 3,600 per annum 4.800 per annum

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen and Peter Brewer

14th edition

978-007811100, 78111005, 978-0078111006

More Books

Students also viewed these Accounting questions

Question

Guidelines for Informative Speeches?

Answered: 1 week ago