Recent Advisory Roles

Taxation

 

In 2008/2009, the Tax Practice Group was involved in the following corporate transactions:    

  • Advised the Malaysian subsidiary of an international oil and gas company as to whether the head office charges paid by the Malaysian subsidiary to the parent company are a deductible expenditure.
  • Advised a Malaysian based mining company on the tax issues arising from the gains made from the disposal of their mining concessions worth USD 750 million in West Africa.
  • Advised the Malaysian subsidiary of Australia's largest rental provider of test and measurement instruments on transfer pricing and withholding tax issues.
  • Advised an organization under the United Nations in obtaining tax exemption for their donors from the Director General of Income Tax. 
  • Successfully obtained stamp duty exemption from the Minister of Finance for an organization that represents 800 property developers in Malaysia on certain property transactions executed under the National House Buying Campaign.
  • Advised the Malaysian subsidiary of a Hong Kong based property developer on the tax issues arising from the payment amounting to RM 99 million from their joint venture partner.    
  • Advised one of Singapore's largest property developer on service tax issues arising from their property investments in Malaysia.
  • Advised the Malaysian subsidiary of a leading French pharmaceutical company as to whether the expenses incurred to organize health seminars are deductible as business expenditure. 
  • Advised the operator of one of Malaysia's largest memorial park and cemetery as to whether the various capital expenditure incurred by them in constructing the memorial park qualify for capital allowance.   
  • Advised a leading Malaysian company that supplies military equipments to the Malaysian Government on the taxability of payment received from a foreign business partner for termination of contract.    
  • Advised one of Malaysia's largest property developer as to whether the compensation received for compulsory acquisition of land is subject to income tax.
  • Advised Malaysia's largest time-sharing operator on income recognition strategies for income tax purposes.
  • We successfully obtained full stamp duty exemption from the Minister for Finance for certain instruments executed between the members of REHDA and the public during the National House Buying Campaign.