Following the announcement of 1999 budget and the subsequent release of Income Tax (Amendment) Act 2002, the official assessment system will be changed to the self-assessment system.
Under the self-assessment system, the burden of computing the taxpayer’s liability is shifted from the Inland Revenue Board (IRB) to the taxpayer and accordingly he/she is expected to compute his/her tax liability based on the tax laws, guidelines and regulations issued by the IRB.
We can advise you on obtaining the optimum tax benefits through careful planning of your activities. For individuals and family held enterprise, we can help you in organizing your financial affairs in the most tax efficient manner. For company with cross-border transactions, we can help answer queries such as dividend flows and withholding taxes.