Tax Deductibility of Valuation Fee

This article is written by Lee Hishamuddin and Gledhill (LHAG) and was first published in their Tax e-Alert in October 2019. Reproduced with permission from LHAG.

In the case of  CP Sdn Bhd v Ketua Pengarah Hasil Dalam Negeri, the high court  allowed a taxpayer to deduct the valuation fee incurred by them to value their properties, including their investment property in the form of a shopping mall. The taxpayer was successfully represented by our Tax, SST & Customs partner, S Saravana Kumar. 

Transfer Pricing Dispute Successfully Resolved

This article is written by Lee Hishamuddin and Gledhill (LHAG) and was first published in their Transfer Pricing e-Alert in September 2019. Reproduced with permission from LHAG.

 In FSB vs Ketua Pengarah Hasil Dalam Negeri, a transfer pricing appeal before  the DGIR made transfer pricing adjustments on the ground that services provided by the holding company were duplicative of the activities carried out by the taxpayer. The DGIR invoked Section 140(1) of the Income Tax Act 1967 and applied the general tax avoidance provision to perform transfer pricing adjustments. Tax assessments were raised and the taxpayer appealed against the assessments to the SCIT.