《坎坷情路》－元佬专辑2005

演唱：關秀芳、許乾元 詞：范仲輝 曲：許乾元 凌晨冷風 身體顫抖 思潮在洶湧 那麼空洞 那麼的迷濛 同樣冷風 它更冰凍 帶著你的痛 吹進心中 吹進我的夢 只想好好地停留在那裡 只想永遠都留在回憶 我想你每一秒 （和你白頭到老） 總比登天還難還高 我想和你永遠不分離 每一次都能擁抱著你 你想我有多少（這次我不會逃） 不會有什麼做不到 明白我用最真實的腳步 和你翩翩起舞 不能讓你傷心痛苦 不能再走向歧途 明白我對你最真的付出 不再那樣糊塗 我和你會永遠幸福

Chung Hwa School - Sweet Memories

 

数码人才招聘大赛2021 （24 － 25/4）

数码人才招聘大赛2021，圆满结束。我在这短短的两天收获满满，也认识了几位企业导师和人才。也很开心能够进入30强。

经过昨天沉思了以后，发现身上有两个地方必须加强，第一是表达的能力，第二要尽全力争取机会，第三，就是设定自己的定位。

你要成为什么様的人？你有什么能力能够比其他人做得更优秀？以终为始，五年》三年计划

经济好转固然重要，维持通膨的适度很重要

https://www.sinchew.com.my/content/content_2442931.html

Top 10 Best Performing EPF-MIS Funds in 2020

https://www.fsmone.com.my/funds/research/article-details/rcms224623/excludeInsurance/top-10-best-performing-epf-mis-funds-in-2020?src=funds 1. Health Care 2. Technology 3. Industrial Product 4. FBMSC 5. Transportation 6. KLCI 7. Utilitise 8. Finance 9. Telecommunication & Media 10. Plantation 11. Consumer Products 12. Property 13. Construction 14. REIT 15. Energy

美中高層阿拉斯加會談 觸及香港貿易問題？(原音呈現)

Reits Stock

LHDN & Witholding Tax

LHDN - Efiling

https://www.ithmm.com/e-filing-lhdn/

https://www.biztory.com.my/withholding-tax-in-malaysia/

https://www.bisnesforum.com/forum/financial-legal/taxes/42-withholding-tax-on-facebook-and-google-advertising

Reits witholding Tax

E-Form

http://phl.hasil.gov.my/pdf/pdfborang/CP37E_Pin3_2014.pdf

http://askchong.com/2010/10/why-you-must-invest-in-reits.html

Advantage of Investing in Reits

http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=6&bt_posi=1&bt_unit=5&bt_sequ=1&bt_lgv=2

https://www.winrayland.com/2018/03/REITs.html

http://aliinvest.blogspot.com/2019/04/no-withholding-tax-stock.html

Reference: https://www.bisnesforum.com/forum/financial-legal/taxes/42-withholding-tax-on-facebook-and-google-advertising

Withholding tax on Facebook and Google advertising

12-12-2020, 08:02 PM

According to IRB Malaysia

Withholding tax is an amount withheld by the party making payment (payer) on income earned by a non-resident (payee) and paid to the Inland Revenue Board of Malaysia.

'Payer' refers to an individual/body other than individual carrying on a business in Malaysia. He is required to withhold tax on payments for services rendered/technical advice/rental or other payments made under any agreement for the use of any moveable property and paid to a -resident payee.

'Payee' refers to a non-resident individual/body other than individual in Malaysia who receives the above payments.

Source

Nowadays businesses are using digital such as Facebook and Google to advertise their products and services. If you look at their invoice, Facebook issue from Ireland and Google issue from Singapore, therefore they are non-resident and the payment is subject to withholding tax.

Tax treatment on digital advertising provided by a non-resident
People often confuse whether Facebook and Google advertising are classify as royalty (Section 109) or special classes of income: payment for service (Section 109B).

Royalty is defined as:

Any sums paid as consideration for the use of or the right to use:

1. Copyrights, artistic or scientific works, patents, designs or models, plans, secret processes or formulae, trademarks or tapes for radio or television broadcasting, motion picture films, films or video tapes or other means of reproduction where such films or tapes have been or are to be used or reproduced in Malaysia or other like property or rights.
2. Know-how or information concerning technical, industrial, commercial or scientific knowledge, experience or skill.
3. Income derived from the alienation of any property, know-how or information mentioned in above paragraph of this definition.

Special classes of income include:

1. payments for services rendered by the NR payee or his employee in connection with the use of property or rights belonging to or the installation or operation of any plant, machinery or apparatus purchased from the NR payee.
2. payments for technical advice, assistance or services rendered in connection with technical management or administration of any scientific, industrial or commercial undertaking, venture, project or scheme or
3. rents or other payments (made under any agreement or arrangement) for the use of any moveable property.

Source

Based on the above definition, it is hard to differentiate the type of withholding tax apply on Facebook and Google advertising.

On 16 March 2018, IRB issue PRACTICE NOTE NO. 1/2018, its stated the main criteria that determine whether withholding tax under section 109 or 109B of the Act applies are as follows:-

• Subject to section 109 of the Act, if it is for the purchase or use of (for example) an application (Apps) by the payer that allows the payer to create their own advertisement campaign; or
• Subject to section 109B of the Act, if it does not involve the purchase or use of an Apps but merely a provision of service by the non-resident. In this case, the payer solely relies on the service provider to deal with all aspects of digital advertising.

Of course, IRB has clear the doubt, Facebook and Google are used as platform to create our own advertisement campaign, therefore is fall under royalty (Section 109).

You could also look at GUIDELINES ON TAXATION OF ELECTRONIC COMMERCE TRANSACTIONS published by IRB on 13 May 2019,

Page 12 Example 3

MB Sdn Bhd (MB) undertakes the activity of online trading in scarves and accessories. MB uses a renowned social media company as a platform to advertise the sales of its products. The social media company allows its customers including MB to create its own advertisement campaign using its platform. The payment made to the social media company is classified as royalty and it is subject to withholding tax under section 109 of ITA 1967.

Withholding tax rate
The rate is generally tax at 10%. In this case, since Malaysia has double tax agreement with Singapore and Ireland, withholding tax is tax at lower rate which is 8%. Source

Facebook and Google have card as payment method only, you are unable to withhold 8%, the regross method come in.

According to Facebook user Anas Sazali, you need to regross to determine the amount of withholding tax.

For example:

Payment to Facebook / Google: RM10,000
Withholding tax @ 8%: RM869.57 (RM10,000 X 8/92)

Source

Submission of withholding tax

Section 109 Income Tax Act 1967 states:

"(1) Where any person (in this section referred to as the payer) is liable to pay interest or royalty derived from Malaysia to any other person not known to him to be resident in Malaysia, other than interest or royalty attributable to a business carried on by such other person in Malaysia, he shall upon paying or crediting the interest (other than interest on an approved loan or interest of the kind referred to in paragraph 33, 33A, 33B, 35 or 35A of Part 1, Schedule 6) or royalty deduct therefrom tax at the rate applicable to such interest or royalty, and (whether or not that tax is so deducted) shall within one month after paying or crediting the interest or royalty render an account and pay the amount of that tax to the Director General:

Provided that the Director General may under special circumstances allow extension of time for tax deducted to be paid over.

(2) Where the payer fails to pay any amount due from him under subsection (1), that amount which he fails to pay shall be increased by a sum equal to ten per cent of the amount which he fails to pay, and that amount and the increased sum shall be a debt due from him to the Government and shall be payable forthwith to the Director General.”

Source

You will have to submit withholding tax using CP37 form within 1 month after payment made to Facebook and Google. Fail to do so will have to pay 10% penalty.

You can print out CP37 (link) and hand write the details or fill in the details online (link) and print out. The latter is more convenience and you would prefer this if you have bad handwriting.

All withholding tax payments (other than for non-resident public entertainers) must be made with the relevant payment forms, duly completed, together with copy of invoices issued by the NR payee and copy of payment documents as proof of date of payment /crediting to the NR payee.


Type Of Income Subject To Withholding Tax And Withholding Tax Rate On Non-Resident Persons:

Withholding Tax On Non-Resident Persons :

Please ensure that the forms are completed accurately furnishing the Malaysian tax reference number for the payer, payee as well as the payee's country of origin.

If the payer does not have the reference number of the payee, the payer may request for such number from :

Director
Non Resident Branch
Customer Services Unit
3rd Floor Left, Block 8
Government Office Complex
Jalan Duta, 50600 Kuala Lumpur,


stating the full name, address of the payee and the nature of payment.

For urgent payment (where the income tax reference number of the payee is not known), the payer may send the Forms CP 37A/ CP 37/ CP 37D together with the payment, copy of invoice and remittance slip (telegraphic transfer) directly to:


Director
Non Resident Branch
Withholding Tax Unit
7th Floor, Block 8
Government Office Complex

Source

Particulars of Facebook / Google royalty had been paid / credited

1. Facebook

Full name of payee - Facebook Ireland Limited
Reference no. - 462932
Malaysian income tax no. - C 2354867110
Address - 4 Grand Canal Square, Grand Canal Harbour, Dublin 2, Ireland

2. Google

Full name of payee - Google Asia Pacific Pte. Ltd.
Reference no. - 200817984R
Malaysian income tax no. - C 2493192407
Address - 70 Pasir Panjang Road, #03-71 Mapletree Business City, Singapore 117371

Source

Payment of withholding tax via monetary transfer
Payment of withholding tax via monetary transfer can be done in the following way:-

Payment via Telegraphic Transfer (TT) / Interbank Giro Transfer (IBG) / Electronic Fund Transfer (EFT)
Tax payment via TT, IBG or EFT can be made to the Inland Revenue Board of Malaysia (IRBM) banks account. Details of the account are as follows:

Bank Account Number - 8000766957
Beneficiary - Ketua Pengarah Hasil Dalam Negeri
Name and address of the bank - CIMB Bank Berhad, Cawangan Jalan Tuanku Abdul Halim, Tingkat Bawah Blok 8, Kompleks Pejabat Kerajaan, Jalan Tuanku Abdul Halim, 50480 Kuala Lumpur

For telegraphic transfer (RENTAS), the CIMB Bank Berhad SWIFT's code is CIBBMYKL

Please enter GB0000010X as LHDNM company registration number if required.

Supporting documents of withholding tax via email
Send the following documents to email: HelpTTpayment@hasil.gov.my

1. Forms CP37 / CP37A / CP37D / CP37E / CP37F / CP37G / CP147
2. Vendor's invoice
3. Payment slip to vendor
4. Remittance slip (telegraphic transfer) to IRB

IMPORTANT: Must email the supporting documents same day as date of telegraphic transfer

Last edited by mojito; 31-01-2021, 06:16 PM.

Tags: None

Sunway Reit

https://fifthperson.com/top-5-malaysia-reits-2021/

福特純電野馬竄出!特斯拉股價1周跌11% 周線連4黑創近3年最長跌勢 2300億美元市值蒸發｜非凡財經新聞｜20210307

百战经典 百年硝烟话航母——中途岛大海战

17個專治奇難雜症的交易建議

疫苗抵马疫情有望受控 马股未来一片大好

2021 Salary Guide: How much are you worth?

 https://www.marketing-interactive.com/digital-analytic-skills-highest-in-demand-for-sg-and-my?idU=1&utm_source=newsletter_1222&utm_medium=email&utm_campaign=20210304_ammy

Digital Marketing Manager - RM84K - 150K

I'm leaving YouTube (slowly) and you should come with me. Here's why.

 

 LBRY

Tesla 已纳入标普500指数

 https://www.sinchew.com.my/content/content_2407013.html

https://www.cnbc.com/2020/12/20/tesla-enters-the-sp-500-with-1point69percent-weighting-in-the-benchmark-fifth-largest.html

Tesla shares fall 6% as it enters the S&P 500 with 1.69% weighting, fifth largest

创业开店－Template

创业基金－300万／8人 ＝RM420K/8=RM52500

多久回本？

餐酒馆：营业额：150万／月；RM210K

手摇饮：营业额：100万／月；RM140K

青年创业动机－Reference: yes123求职网

哪些人个性适合创业

1. 拼命三郎，亲力亲为不怕辛苦
2. 创新大胆，勇敢突破善用社群
3. 自我要求，做事细心不马虎
4. 不断自学，面对挑战不退缩

财政

• 会看财务报表
• 要会写报告

餐饮事业成功秘招

1. 产品上市前，自己要爱上产品
2. 原料严格把关，产品通过检验
3. 餐厅隔音设施、排烟设备、以及排水系统不马虎

创业要成功，成本控管很.重要

• 租金：10%（固定成本）

e.g. 6万租金 RM8400，你一个月就要赚60万以上 RM84K, 你的利润就会提高

• 人事：30%以下

e.g. 一个月要控制在18万以内 RM25K, 包含自己股东的薪水。除了薪水可以拿，利润也可以拿；双重收入。

• 材料：30%以下
  
  

e.g. 难控制，耗损

• 隐形成本：20以下

e.g. 没算到的最恐怖像广告费 100-200万，水电，清洁，会计费，等

• 利润：10%

资金运用

RM1500000

29% = 435K - Marketing

15%=225K - Online Platform

27%=405K - Management

29%=435K - Online Learning & Production

https://www.mystartr.com/projects/dreamtosuccess 

Achievement Milestone - CEMBA Master 2020

 

Due to MCO, there would be no Graduation Ceremony for us. Anyway, I am proud of myself of achieving another milestone in 2020. There is still a long path to move on. Well done & Keep it up! 😄

公司收益提高了 3 倍！公開我打造百萬美金生意的 4 大秘訣！

公司收益提高了 3 倍！公開我打造百萬美金生意的 4 大秘訣！

2010 卖糖水记录

曾几何时，卖糖水记录