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TREATMENT ON BONUS & DIRECTORS’ FEES

 Existing Legislation

Presently, when a payment from an employment is receivable in respect of the whole or part of the relevant period, it shall when received ve treated as gross income of the person for the relevant period.

Proposed Legislation

It is proposed that where a directors’ fee or bonus is receivable in respect of the whole or part of the relevant period, the fee or bonus when received in any relevant period shall be treated as gross income in the year of receipt.

Effective Date

Year of Assessment 2009

Address

#7-2, Jalan 4/93,
Taman Miharja, 55200 Kuala Lumpur.
Phone: 603-9281 1588
Fax: 603-9281 6885
Website: http://www.fswongco.com
Email: tan@fswongco.com

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