Tax questions? You ask lah! #67

Published: Wed, 03/23/22

Tax questions? You ask lah!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

Bonus payable for Year of Assessment (YA) 2021 shall be declared in Form E of Year 2021 or in Form E of Year 2022 if it is paid in Year 2022?

A:
If the bonus is paid in Year 2022, it shall be declared in the year of payment (i.e. Form E of Year 2022).

If the company’s business nature is film and video production, is it subject to SST?

A:
The production of film or video without any element of advertising or management service is not a taxable service. Hence it is not subject to SST.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

P.S. I've received a lot of tax questions, so now I am answering the frequently asked questions and sharing them with you weekly!

P.P.S. One more thing. I have a FREE Tax Livestream that you won't want to miss out. Because you can learn how to SAVE TAX for business! Reserve your FREE seat here: bit.ly/zen-taxlive

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