[How To Save Tax In Bad Times]
Do you know there are potential TAX SAVING methods that could be used from 
"Bad Debt Written Off" and "Business Loss" under certain circumstances?!
Register for our FREE webinar to learn more！
Free Online Class
Secure Your FREE Seat NOW!
Date: a) 30/3/2023 (Thursday) @ 2.30 PM
      b) 19/4/2023 (Wednesday) @ 10.30 AM

*Please fill in a VALID WhatsApp phone number in order to receive reminder before the webinar starts.

Do you know what is Bad Debt?
And, what is Business Loss?

 Bad Debt is an expense that a business incurs once the repayment of credit previously extended to a customer is estimated to be uncollectible and is thus recorded as a charge off.

Business Loss occurs when your business has more expenses than earnings during an accounting period. The loss means that you spent more than the amount of revenue you made. But, a business loss isn’t all bad—you can use the net operating loss to claim tax refunds for past or future tax years.

Bad Debt Written Off is NOT Tax Deductible !

 YES! It is NOT Tax Deductible
BUT subject to the special provision of the Income Tax Act 1967

One of the criteria:
If the Bad Debt is reasonably estimated to be wholly IRRECOVERABLE
 at the end of the relevant period,

then YES! 
The Bad Debt Written off is Tax Deductible !
Do you want to Learn More ?

Are You suffering from a Business Loss due to the Pandemic?

According to HrmAsia, Malaysia’s SME sector suffered a loss of RM 40.7 billion in 2020 
caused by pandemic-led restrictions imposed by the government to control the spread of COVID-19. 

BUT Do You Know that Business Loss 
can be set off against other income ? !

CURRENT YEAR Business Loss is ALLOWED to be set off against all sources of business income, which means:

The Business Loss from Business 1 can be set off against the Income from Business 2 or other businesses
&
The Business Loss from Business 1 can be set off against the Other Income (Rental income, interest income, employment income, etc.)

BUT, The Brought Forward Business Loss

Can ONLY be set off against income from BUSINESS SOURCES

Do you know that even the company making a business loss, but still could have a Tax Savings opportunity?

What will you learn from this webinar?

  • What are the criteria to be fulfilled to be eligible for claiming tax deduction for Bad Debt Written Off?
  • ​In what circumstances that the Business Loss can be used to set off other income?
  • ​Real-life examples with case studies

Who should attend this webinar？

  • Business Owner/Entrepreneur (including Sole Proprietorship/Partnership)
  • ​Accounting/Finance Staff
  • ​​You who are troubled with tax issues!

Speaker Profile

Zen Chow
Tax Guru & Tax Practice Leader of YYC Group
BBusCom (Monash), CPA (Aust.), C.A. (M), FCTIM, CTP

-Licensed Tax Agent by Ministry of Finance (MoF)
-Licensed GST Agent by RMCD & MoF
-Fellow Member of Chartered Tax Institute of Malaysia (CTIM)
-BBusCom (Monash), CPA (Aust.), C.A. (M), FCTIM
- He has been involved in the tax compliance and tax advisory works for more than 16 years in various industries.
- Active in giving tax related talks and seminars such as budget talk and tax updates seminar.
- Frequently invited by media such as Bernama and AiFM to share on tax topics.
- Topics of expertise include company tax planning, personal tax planning, tax investigation, Malaysian annual budget analysis, latest tax developments and other tax related topics.
[How To Save Tax In Bad Times]
FREE Online Webinar