Case-Study Digitalised Repository (CDR)
Real world business scenarios for the classroom
Teaching cases offer students the opportunity to explore real world challenges in the classroom environment, allowing them to test their assumptions and decision-making skills before taking their knowledge into the workplace. Management and Leadership Case Study Centre, Universiti Utara Malaysia specialises in case content from, and about, emerging markets – regions which are traditionally underrepresented in teaching case collections, but which offer unique and important insights. Through digitalisation, we intend to ease and increase accesses for, and usages of, our teaching cases as well as to widen our user-base to not only for local academics/trainers, but also for our international counterparts.
http://cdr.uum.edu.my/jspui/handle/123456789/142| Title: | My tax agent saved me million…or did he? |
| Authors: | Sulaiman, Aryati Juliana Che Pak, Nur Azliani Haniza Abd Mutalib, Hafizah Amir Hussin, Muhammad Rosni |
| Keywords: | Advanced Taxation;Specialised Taxation;Contemporary Issues in International Taxation |
| Issue Date: | 2021 |
| Abstract: | Understanding the tax planning strategies allows companies to make better plan for their business operation, cater the wellbeing of their employees and reducing their tax liability. However, most of the small medium enterprise (SME) in Malaysia are still lack of taxation knowledge and resulting them to rely solely on the tax agent to look into their tax matters. Failure to properly analyse the available solutions for a specific activity accrued out by industries may lead to large tax liability resulting in lost or decreased liquidity. This case study focuses on Proactive Furnishing Sdn Bhd (PFSB), one of SMEs situated in Simpang Ampat who involves in the trade of metal and wood-based furniture manufacturing. For the past three years since 2017 until 2019, the company claimed that the tax expenses they had to pay to the Inland Revenue Board, Malaysia (IRBM) was ridiculous. To make the situation worse, the company claimed that the tax agent hired was not helpful in giving suggestion or arrangement on how to minimise the tax burden. The aim of this teaching case study is to provide understanding to accounting students on the areas of tax planning, the differences between tax avoidance and tax evasion and the format of computation of chargeable income of company. It is also important for students to be able to identify tax deductible expenses, non-deductible expenses and double deductions as stipulated by Income Tax Act 1967 (ITA 1967). |
| URI: | http://cdr.uum.edu.my/jspui/handle/123456789/142 |
| Appears in Collections: | Cases in CDR |
| File | Description | Size | Format | |
|---|---|---|---|---|
| (TC208-1) MY TAX AGENT SAVED ME MILLIONS OR DID HE.pdf | 537.33 kB | Adobe PDF | View/Open |
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