Q:
If I change my tax submission from using Form BE to Form B, should I change my tax file prefix from SG to OG by myself?
A:
No need, the LHDN will change your tax file prefix for you when they noticed that you are earning business income and are using Form B.
Q:
If a Malaysian company pays advertising fee to a local social media influencer, can the company claim this expense for tax deduction?
A:
The advertising fee is tax deductible if it can be proven that the advertisement is promoting the company's products or services.
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. If you're liking these little tips, you can't imagine how much you'll get out of my course! View the course here: bit.ly/youaskzenlah