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NAME : LEE SOON KWANG

TAX REFERENCE : OG 23800151-02(0)


I/C NO. : 890909-08-5307

YEAR OF ASSESSMENT 2018


COMPUTATION OF CHARGEABLE INCOME
(RM) (RM) Reference

STATUTORY INCOME FROM BUSINESS


Appendix A, B1,
K Two Adventure 240,913 Form B &
HK-1, J5
STATUTORY INCOME FROM OTHER SOURCES
Aggregate Statutory Income from Other Sources -
AGGREGATE INCOME 240,913 B9, Form B
B10, Form B &
LESS: Current year business losses -
HK-1.3, E
TOTAL INCOME 240,913 B16, Form B

Less: Reliefs and Deductions


Individual relief 9,000 F1, Form B
Schedule 4 &
Medical expenses for own parents 2,015 F2a, Form
B
Schedule 3 &
Lifestyle 1,636
F8, Form B
Schedule 1 &
EPF contributions and life insurance premiums 1,061
F15, Form B
Schedule 2 &
Medical insurance premiums 888
F17, Form B
Total Reliefs and Deductions (12,651) B19/F19, Form B
CHARGEABLE INCOME 228,262 B20, Form B

COMPUTATION OF TAX PAYABLE (RM)


Income tax payable
On the first RM 100,000 10,900.00 B21a, Form B
On balance of RM 128,262 @ 24% 30,782.87 B21b, Form B
TOTAL INCOME TAX 41,682.87 B22, Form B
Less : Tax Rebates on chargeable income not exceed RM35,000
For individual - B23, Form B
Total rebates (Restricted to amount E3 above) - B23, Form B
TOTAL TAX CHARGED 41,682.87 B24, Form B
HK-3 &
Less : Tax deduction under Section 110 (others) -
B25, Form B
TAX PAYABLE 41,682.87 B26, Form B
Less : Instalments under Section 107B (CP 500) for YA 2018 - HK-10
Monthly Tax Deductions (MTD) made for Year 2018 - EA Form, HK-10
- B28, Form B
BALANCE OF TAX PAYABLE 41,682.87 B29, Form B
Working Sheet : HK-2

NAME : LEE SOON KWANG


TAX REFERENCE : OG 23800151-02(0)
I/C / PASSPORT NO. : 890909-08-5307

YEAR OF ASSESSMENT 2018


COMPUTATION OF STATUTORY EMPLOYMENT INCOME

Name of Employer : ABC

1. Computation of statutory employment income RM RM Reference

i. Salary/Emolument
- Salary -
- Leave pay -
- Bonus -
- Overtime -
- Allowance - EC Form
- Gratuity -
-
ii. Benefit in kind [Section 13(1)(b)]:
- Car & fuel -
- Handphone -
-

iii. Benefit of leave passage for travel (if relevant) -


EA Form

Statutory employment income - B6, Form B


HK-10: POTONGAN / ANSURAN CUKAI YANG TELAH DIJELASKAN
HK-10: INSTALMENTS / MONTHLY TAX DEDUCTIONS PAID

Nama
LEE SOON KWANG
Name

No. Cukai Pendapatan No. K/P


OG 23800151-02(0) 890909-08-5307
Income Tax No. I/C No.

No. Pendaftaran Perniagaan


Business Registration No.

Tahun Taksiran
2018
Year of Assessment

A. Potongan Yang Dibuat Oleh Majikan (TERMASUK Potongan Untuk Bonus Dan Bayaran Pengarah) Dalam Tahun Semasa
Deductions Made By The Employer (INCLUDING deductions for bonus and director's fee) In The Current Year

### 1 2 3 4 5
Bil. No. E Majikan Tahun/Tempoh Potongan Potongan PCB Potongan CP 38 Potongan Zakat
(diremit ke LHDNM)
No. Employer's E No. Year/Period Of Deduction Monthly Tax CP 38 Deductions
(remitted to IRB of Malaysia) Deductions [MTD] Deductions For Zakat
(RM) (RM) (RM)
i E - -
ii E - -
iii E
iv E
v E
JUMLAH/TOTAL - - -

B. Potongan Cukai Bulanan Yang Dibuat Oleh Majikan Untuk Pendapatan Tahun Kebelakangan
(TIDAK TERMASUK Potongan Untuk Bonus Dan Bayaran Pengarah) Dalam Tahun Semasa
/ Monthly Tax Deductions Made By The Employer In Respect Of Previous Years' Income
(EXCLUDING deductions for bonus and director's fee) in The Current Year

### 1 2 3
Bil. No. E Majikan Tahun/Tempoh Pendapatan Potongan PCB
(diremit ke LHDNM)
No. Employer's E No. Year/Period Of Income Monthly Tax
(remitted to IRB of Malaysia) Deductions [MTD]
(RM)
i E
ii E
iii E
iv E
v E
JUMLAH/TOTAL -

C. Bayaran Ansuran CP 500 atau CP 503 -


Instalments paid in respect of CP 500 or CP 503

D. Bayaran Selain Daripada A, B Dan C Untuk Tahun Semasa -


Payments made for the Current Year other than A, B and C

C. JUMLAH BESAR/TOTAL (A3 + C + D) -


Pindahkan amaun ini ke ruang B18 Borang BE / B28 Borang B
(Transfer this amount to item B18 Form BE / B28 Form B)

HK-10/Page 1 of 1
SCHEDULE 1
CHILD RELIEFS

Name : LEE SOON KWANG Year of Assessment: 2018


Tax Ref. No. : OG 23800151-02(0)

Unmarried Unmarried child over the age of 18 years and studying in year 2018 Disabled child
child under Full-time Further education Total Child Further education Total Child
the age of education Date of In Malaysia Outside Malaysia Reliefs Reliefs for
Name of Outside
Name of Children Date of Birth 18 years - RM2,000 commencement for In
No. School/College/University over the Disabled Malaysia Disabled
further education in Malaysia -
(Below (Diploma (Below (Degree & -
- RM2,000 and outside age of child RM8,000 child
Diploma - & above) - Degree - above) - RM8,000
Malaysia (Diploma
(F14a) RM2,000 RM8,000 RM2,000 RM8,000 18 years - RM6,000 & above) (Degree &
above)
(F14b) (F14c)
Date/Month/Year RM RM Date/Month/Year RM RM RM RM RM RM
1 2,000 -

Total 2,000 -
LEE SOON KWANG
[Tax File No. OG 23800151-02(0)]

Year of Assessment 2018


SCHEDULE 1
EPF CONTRIBUTIONS / LIFE INSURANCE
(Total reliefs limited to RM6,000)
ON OWN TOTAL CONTRIBUTION /
LIFE OR PREMIUM PAID IN THE
LIFE OF YEAR 2018
EPF/INSURANCE EPF/POLICY HUSBAND/ HUSBAND/
COMPANY NUMBER WIFE SELF WIFE
(RM) (RM)
AIA Bhd. 2779765B-10 On own life 27.72 -
AIA Bhd. 2079829A-03 On own life 844.20 -
AIA Bhd. 2079829B-01 On own life 189.13 -
TOTAL 1,061.05 -

Total reliefs for EPF and life insurance limited to 6,000.00 -

SCHEDULE 2
EDUCATION AND MEDICAL INSURANCE
(Total reliefs limited to RM3,000)
ON SELF OR TOTAL PREMIUM PAID IN
HUSBAND/ THE YEAR 2018
INSURANCE POLICY WIFE OR HUSBAND/
COMPANY NUMBER ON CHILD SELF WIFE
(RM) (RM)
AIA Bhd. 2779765A-01 On self 887.98 -
TOTAL 887.98 -

Total reliefs for education and medical insurance limited to 3,000.00 -

SCHEDULE 3
MEDICAL EXPENSES FOR OWN PARENTS
FATHER - MR. LEE FOU
(Total reliefs limited to RM5,000)
OFFICIAL AMOUNT
DATE HOSPITAL / CLINIC RECEIPT NUMBER (RM)
09.07.2018 Hospital Fatimah R0002165629 433.00
14.05.2018 Hospital Fatimah R0002131842 1,028.45
03.09.2018 R0002199165 84.00
11.09.2018 R0002203856 469.60
TOTAL 2,015.05

Total reliefs for medical expenses for parents limited to 5,000.00


LEE SOON KWANG
[Tax File No. OG 23800151-02(0)]

Year of Assessment 2018

SCHEDULE 4
LIFESTYLE
(Total reliefs limited to RM2,500)
BILL/RECEIPT AMOUNT
DATE PARTICULAR NUMBER (RM)
11.01.2018 Tourney shuttlecock RCT-0030658 166.00
05.02.2018 Tourney shuttlecock RCT-0031478 166.00
18.03.2018 Tourney shuttlecock 166.00
09.04.2018 Tourney shuttlecock RCT-0033265 166.00
06.06.2018 Tourney shuttlecock RCT-001735 156.00
Jan 2018 - Dec 2018 Streamyx Home 2.0M
(RM68 x 12 months) 816.00
TOTAL 1,636.00

Total reliefs for lifestyle limited to 2,500.00


K TWO ADVENTURE
(Operated by Mr. Lee Soon Kwang)
[Tax File No. OG 23800151-02(0)]

Year of Assessment 2018

Basis Period : 01.01.2018 to 31.12.2018

INDEX TO BUSINESS TAX COMPUTATION


APPENDIX

Tax Computation From Business A

Profit and Loss Account B

Balance Sheet C

Notes to Business Tax Computation D

Under Profit and Loss Account


Notes
1. Rental of Office Premises
3. Commission
4. Accommodation
5. Upkeep of Office Equipment; Upkeep of Premises

Reconciliation of Fixed Assets E

Analysis of Additions to Fixed Assets F

Schedule of Capital Allowance G


APPENDIX A
K TWO ADVENTURE
(Operated by Mr. Lee Soon Kwang)
[Tax File No. OG 23800151-02(0)]

TAX COMPUTATION FROM BUSINESS


Year of Assessment 2018
Basis Period : 01.01.2018 to 31.12.2018

RM RM RM REFERENCE

BALANCE AS PER PROFIT AND LOSS ACCOUNT 228,836 Profit & Loss A/C

ADD: DISALLOWED EXPENSES


Depreciation of fixed assets 11,617 Profit & Loss A/C
GST expenses 453 Profit & Loss A/C
Accommodation 150 Note 4
Upkeep of motor vehicle 4,042 Note 6
Insurance 467 Note 8
Professional fee (2,100) Note 10
Petrol 2,099 Note 13
Road tax 408 Note 14
Parking and toll 2,524 Note 15
Entertainment 2,996 Note 16
Refreshment 4,310 Note 17
Interest charges 18 Note 18
J27, Form B &
26,984
HK-1, F6
ADJUSTED BUSINESS INCOME 255,820 HK-1, G

ADD: Balancing charge - HK-1, J2


255,820
LESS: CAPITAL ALLOWANCE
Unabsorbed capital allowances b/f - YA 2017
ADD: Balancing allowance -
Initial allowance #REF! Appendix G
Annual Allowance #REF! Appendix G
#REF!
#REF!

LESS: Capital allowance absorbed in current year (14,907) (14,907) HK-1, J4

UNABSORBED CAPITAL ALLOWANCE C/F TO YA 2019 #REF! HK-1, K6

B1, Form B &


STATUTORY BUSINESS INCOME 240,913
HK-1, J5

ADJUSTMENT OF LOSSES FOR BUSINESS AND PARTNERSHIP


Previous years' losses b/f - HK-1.3, A
LESS: Previous years' losses absorbed by current year's B4, Form B &
aggregate statutory income from business and partnership - HK-1.3, B
Balance from previous years' losses carried forward - HK-1.3, C
Add:
Current Year Losses: -
From business - HK-1, H
From partnership business (as above) - HK-1.3, D2
Total - HK-1.3, D3
B10, Form B &
Less: Losses absorbed by current years' aggregate income -
HK-1.3, E
Balance from current years' losses not absorbed - HK-1.3, F
Total losses for business and partnership c/f - HK-1.3, G
APPENDIX B
K TWO ADVENTURE
(Operated by Mr. Lee Soon Kwang)
[Tax File No. OG 23800151-02(0)]
Year of Assessment 2018
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31ST DECEMBER 2018
REFERENCE
RM RM
OPERATING REVENUE
Client's Profit &
Professional fees received 408,029.49
Loss Account
Reimbursement / disbursement income 9,939.20
Admin fees 543.00
418,511.69

LESS : OPERATING EXPENDITURE


Accommodation 150.00 Note 4
Advertisement 300.00 Note 12
Audit fee 1,060.00 Note 11
Bank charges 207.63
Depreciation of fixed assets 11,616.58 Appendix E
Employment insurance system (EIS) 66.20
Electricity and water 9,502.59
Entertainment 5,992.80 Note 16
EPF contributions 4,759.00
GST expenses 452.94
Insurance 3,189.76 Note 8
Interest charges 18.00 Note18
Medical fees 169.70 Note 7
Newspaper and periodicals 51.50
Office expenses 407.49
Parking and toll 7,571.42 Note 15
Petrol 6,296.33 Note 13
Postage and stamps 478.65
Printing and stationery 4,189.43
Professional fees - taxation services - YA 2017 2,500.00 Note 10
Refreshment 8,619.21 Note 17
Rental of office equipment 3,000.00 Note 9
Rental of office premises 42,960.00 Note 2
Road tax 1,223.60 Note 14
Salary and allowance 33,583.85
Seminar fees 50.00
Socso 579.50
Subscriptions 2,380.00 Note 1
Telephone and fax 6,233.50
Travelling 1,485.00 Note 3
Upkeep of motor vehicle 12,126.71 Note 6
Upkeep of office equipment 3,591.11 Note 5
Upkeep of premises 14,863.46 Note 5
TOTAL OPERATING EXPENDITURE (189,675.96)
NET PROFIT FOR THE YEAR 228,835.73

Certified True & Correct By :

LEE SOON KWANG


(Sole Proprietor)
APPENDIX C
K TWO ADVENTURE
(Operated by Mr. Lee Soon Kwang)
[Tax File No. OG 23800151-02(0)]

Year of Assessment 2018

BALANCE SHEET
AS AT 31ST DECEMBER 2018

RM RM
FIXED ASSETS
At Cost 58,082.86
Less : Accumulated Depreciation (39,650.19)
Net Book Value 18,432.67

CURRENT ASSETS
Fees receivable 203,901.52
Other deposits and prepayment 12,432.59
Cash in hand 1,500.48
Cash at banks 90,313.31
Total Current Assets 308,147.90
Less :
CURRENT LIABILITIES
Accounts payable 83,448.19
Sundry creditors and accrued charges 5,951.18
GST liability 126.00
Total Current Liabilities 89,525.37

NET CURRENT LIABILITIES 218,622.53


NET ASSETS 237,055.20

Represented by:

PROPRIETOR'S CAPITAL ACCOUNT 5,000.00

PROPRIETOR'S CURRENT ACCOUNT


Balance as at 01.01.2018 67,927.99
Less: Net profit for the year 228,835.73
296,763.72
Add/ Advances / (Drawings) for the year (28,999.09)
(Less):
Balance as at 31.12.2018 267,764.63
272,764.63

Certified True & Correct By :

LEE SOON KWANG


(Sole Proprietor)
APPENDIX D
K TWO ADVENTURE
#REF!
(Operated by Mr. Lee Soon Kwang)
[Tax File No. OG 23800151-02(0)]

Year of Assessment 2018

NOTES TO BUSINESS TAX COMPUTATION

1. SUBSCRIPTIONS
Annual subscriptions paid in respect of: -
Bar Council subscription
Kuala Lumpur Bar Committee
Renewal Sage USB accounting (MY) Sage cover
Renewal of Accounting Software maintenance
TOTAL

2. RENTAL OF OFFICE PREMISES


Name and Address of Recipient Address of Premises Rented
Hikayat Tunas Sdn. Bhd. Business Suite 19A-14-1
Level 14, UOA Centre Level 14, UOA Centre
19, Jalan Pinang 19, Jalan Pinang
50450 Kuala Lumpur 50450 Kuala Lumpur
From Jan 2018 to Dec 2018
( RM3,580 x 12 months )

3. TRAVELLING

The above are incurred wholly and exclusively for the Firm's business operations.

4. ACCOMMODATION Amount
(RM)
The above are incurred for personal leave passage 150.00

5. UPKEEP OF OFFICE EQUIPMENT


UPKEEP OF PREMISES
Upkeep of office equipment
Upkeep of premises

The above are incurred for the maintenance of the Firm's premises and office equipment and do not include
any capital expenditure.

6. UPKEEP OF MOTOR VEHICLE Amount


(RM)
Upkeep of motor vehicle incurred for business purpose by the proprietor. (1/3
added back) 12,126.71

7. MEDICAL FEES
Medical fees incurred as follows: -
APPENDIX D
K TWO ADVENTURE
#REF!
(Operated by Mr. Lee Soon Kwang)
[Tax File No. OG 23800151-02(0)]

Year of Assessment 2018

NOTES TO BUSINESS TAX COMPUTATION

For Firm's staffs

8. INSURANCE Amount
(RM)
Insurance
- Professional indemnity insurance 2018 1,790.00
- Non-firm's motor vehicles insurance used for business purposes (1/3 added back) 1,399.76
TOTAL 3,189.76

9. RENTAL OF OFFICE EQUIPMENT


Name and Address of Recipient Office Equipment Rented
Fuji Xerox Asia Pacific Pte Ltd Being lease rental for
15th Floor, Menara Promet Xerox Copier Machine
Jalan Sultan Ismail - Model IV2060
50250 Kuala Lumpur Jan 2018 to Dec 2018
(RM250 X 12 months)

10. PROFESSIONAL FEE Amount


(RM)
Being the tax filing fee charged by a tax agent approved under the Income Tax
Act 1967 or the Goods and Services Tax Act (GST Act) 2014 and the total
amount of deduction allowed shall not exceed ten thousand ringgit (≤
RM10,000) for a YA: -

(a) For basis period 01.01.2017 to 31.12.2017


(Accounting period 01.01.2017 to 31.12.2017)
(i) - Incurred and paid in YA 2018 (for Form B-YA 2017)(paid on 18.09.2018) 2,300.00
Application for refund of tax credit for YA 2017 100.00
Reimbursement on preparation of Form B - YA 2017 100.00
2,500.00
(b) For basis period 01.01.2016 to 31.12.2016
(Accounting period 01.01.2016 to 31.12.2016)
(i) - Incurred in YA 17 and paid in YA 18 (for Form B-YA 2016)(paid on 06.04.18)(refer YA 2017) -
Total 2,500.00

11. AUDIT FEE

Statutory audit fee incurred for the year ended 31.12.2018.

12. ADVERTISEMENT
APPENDIX D
K TWO ADVENTURE
#REF!
(Operated by Mr. Lee Soon Kwang)
[Tax File No. OG 23800151-02(0)]

Year of Assessment 2018

NOTES TO BUSINESS TAX COMPUTATION

The above expenses are incurred for staff recruitment advertisement and for bar council.

13. PETROL Amount


(RM)
Petrol incurred for business purpose by the proprietor. (1/3 added back) 6,296.33

14. ROAD TAX Amount


(RM)
Road tax incurred for business purpose by the proprietor. (1/3 added back) 1,223.60

15. PARKING AND TOLL Amount


(RM)
Parking incurred for business purpose by the proprietor. (1/3 added back) 7,571.42

16. ENTERTAINMENT Amount


(RM)

Our client has confirmed that the above has been incurred on
entertainment on food and drinks for existing clients. (50% added back) 5,992.80

17. REFRESHMENT Amount


(RM)
The above has been incurred on food and drinks for: -
- Existing clients 8,619.21

18. INTEREST CHARGES Amount


(RM)
Being interest charged on late payment of EPF. 18.00
APPENDIX D
K TWO ADVENTURE
#REF!
(Operated by Mr. Lee Soon Kwang)
[Tax File No. OG 23800151-02(0)]

Year of Assessment 2018

Amount
(RM)
1,080.00
125.00
400.00
775.00
2,380.00

Amount
(RM)

42,960.00

Amount
(RM)
1,485.00

Add back
(RM)
150.00

Amount
(RM)
3,591.11
14,863.46

maintenance of the Firm's premises and office equipment and do not include

Add back
(RM)

4,042.24

Amount
(RM)
APPENDIX D
K TWO ADVENTURE
#REF!
(Operated by Mr. Lee Soon Kwang)
[Tax File No. OG 23800151-02(0)]

Year of Assessment 2018

169.70

Add back
(RM)

-
466.59
466.59

Amount
(RM)
3,000.00

Add back
(RM)

-
100.00
100.00
200.00

(2,300.00)
(2,100.00)

Amount
(RM)
1,060.00

Amount
APPENDIX D
K TWO ADVENTURE
#REF!
(Operated by Mr. Lee Soon Kwang)
[Tax File No. OG 23800151-02(0)]

Year of Assessment 2018

(RM)
300.00

Add back
(RM)
2,098.78

Add back
(RM)
407.87

Add back
(RM)
2,523.81

Add back
(RM)

2,996.40

Add back
(RM)

4,309.61

Add back
(RM)
18.00
LEE SOON KWANG
[Tax File No. OG 23800151-02(0)]

K TWO ADVENTURE
Year of Assessment 2018
Basis Period : 01.01.2018 to 31.12.2018

RECONCILIATION OF FIXED ASSETS APPENDIX E

COST ACCUMULATED DEPRECIATION


Rate Balance Balance Balance Depreciation Balance BOOK BOOK
ASSETS of At Additions Write off/ At At Current No longer At W.D.V. W.D.V.
Depreciation Beginning Disposals End Beginning Depreciation Required End 31.12.2018 31.12.2017
(%) RM RM RM RM RM RM RM RM RM RM

Office equipment 20 18,258.69 6,110.75 - 24,369.44 8,564.82 4,873.89 - 13,438.71 10,930.73 9,693.87

Signboard 20 5,571.35 - - 5,571.35 3,342.81 1,114.27 - 4,457.08 1,114.27 2,228.54

Furniture and fittings 20 20,503.97 505.30 - 21,009.27 11,846.30 4,201.86 - 16,048.16 4,961.11 8,657.67

Renovation 20 7,132.80 - - 7,132.80 4,279.68 1,426.56 - 5,706.24 1,426.56 2,853.12

TOTAL 51,466.81 6,616.05 - 58,082.86 28,033.61 11,616.58 - 39,650.19 18,432.67 23,433.20

Appendix C Appendix B Appendix C Appendix C


LEE SOON KWANG
[Tax File No. OG 23800151-02(0)]

K TWO ADVENTURE
Year of Assessment 2018
Basis Period : 01.01.2018 to 31.12.2018
DISPOSAL OF FIXED ASSET - BALANCING CHARGE AND ALLOWANCE APPENDIX G

Apportioned Rate of Tax Balancing


Cost Accumulated Book Disposal Profit Annual Tax Charge
Date Disposal W.D.V.
PARTICULARS Ref. Depreciation W.D.V Value (Loss) W.D.V
Acquired Value Allowance Factor (Allowance)
(RM) (RM) (RM) (RM) (RM) (RM) % % (RM) (RM)

MOTOR VEHICLE
App G (i) YA 1991 - - - - -

Total - - - - - - -
Appendix E Appendix E Less out Appendix A
LEE SOON KWANG
[Tax File No. OG 23800151-02(0)]

K TWO ADVENTURE
Year of Assessment 2018
Basis Period : 01.01.2018 to 31.12.2018
DISPOSAL OF FIXED ASSET - BALANCING CHARGE AND ALLOWANCE APPENDIX G (i)

Disposal
Qualifying Apportioned Balancing
Cost Tax
Expenditure Value Disposal Value Charge/
PARTICULARS W.D.V.
(A) (B) (C) (A) / (B) X (C) (Allowance)
(RM) (RM) (RM) (RM) (RM) (RM)

MOTOR VEHICLE
#DIV/0! - #DIV/0!
APPENDIX
K TWO ADVENTURE
(Operated by Mr. Lee Soon Kwang)
[Tax File No. OG 23800151-02(0)]

Year of Assessment 2018

ANALYSIS OF ADDITIONS TO FIXED ASSETS


(a) Office Equipment 10% 20% 100%
Date (RM) (RM) (RM)
04.09.18 Huawei Mate 10 handphone 1,704 - -
i 30.10.18 Monitor - - 668
31.10.18 Dell desktop - 3,739 -
Total 1,704 3,739 668

(b) Furniture and Fittings 100%


Date (RM)
08.08.18 4 drawer filing cabinet 300
24.11.18 Lowback mesh chair 205
Total 505

Total Additions to Fixed Assets

(c) Summary of Cost and Qualifying Expenditure


10% 20% 100%
(RM) (RM) (RM)
Office Equipment 1,704 3,739 668
Furniture and Fittings - - 505
Total 1,704 3,739 1,173

i Under Schedule 3, Paragraph 19A of the Income Tax Act 1967, the value of each small value assets being n
more than RM1,300 is given 100% allowance provided that the total qualifying expenditure not exceed
RM13,000. (From YA 2015 onwards).


Under PU(A) 217 - Income Tax (Accelerated Capital Allowance) (Information and Communication Technolog
Equipment) Rules 2014, for which the initial allowance shall be equal to one-fifth (1/5) (i.e. 20%) and annu
allowance shall be equal to four-fifth (4/5) (i.e. 80%) of the qualifying capital expenditure incurred for th
purchase of the information and communication technology equipment (From YA 2014 to YA 2016 only).
APPENDIX F
K TWO ADVENTURE
(Operated by Mr. Lee Soon Kwang)
[Tax File No. OG 23800151-02(0)]

Year of Assessment 2018

Amount
(RM)

6,111

505

6,616

Qualifying
Expenditure
(RM)
6,111
505
6,616

A of the Income Tax Act 1967, the value of each small value assets being not
0% allowance provided that the total qualifying expenditure not exceeds
ds).

Accelerated Capital Allowance) (Information and Communication Technology


h the initial allowance shall be equal to one-fifth (1/5) (i.e. 20%) and annual
-fifth (4/5) (i.e. 80%) of the qualifying capital expenditure incurred for the
communication technology equipment (From YA 2014 to YA 2016 only).
WEE CHOO KEONG
[Tax File No. OG 02658579-00(0)]

WEE CHOO KEONG & FAAIZ


Year of Assessment 2018
Basis Period : 01.01.2018 to 31.12.2018
SCHEDULE OF CAPITAL ALLOWANCE APPENDIX G (i)

RATE QUALIFYING EXPENDITURE AT COST RESIDUAL EXPENDITURE Capital Allowances Residual


I.A. A.A. Year of (I.A.) Initial (A.A.) Annual Expenditure
ASSETS % % Purchase Cost B/F Additions Written off C/F B/F Additions Written off Total Allowance Allowance C/F
/Disposals /Disposals
RM RM RM RM RM RM RM RM RM RM RM RM

OFFICE EQUIPMENT
Office equipment 20 10 YA 2015 2,450 2,450 - - 2,450 1,225 - - 1,225 - - 1,225
i Office equipment 0 100 YA 2015 5,206 5,206 - - 5,206 - - - - - - -
Office equipment 20 10 YA 2016 5,900 5,900 - - 5,900 3,540 - - 3,540 - - 3,540
Office equipment 20 80 YA 2016 2,869 2,869 - - 2,869 - - - - - - -
i Office equipment 0 100 YA 2016 485 485 - - 485 - - - - - - -
i Office equipment 0 100 YA 2017 1,349 1,349 - - 1,349 - - - - - - -
i Office equipment YA 2018 - - - - - - - - - - -
Office equipment YA 2018 - - - - - - - - - - -

Grand-total - Furniture and Fittings 18,259 18,259 - - 18,259 4,765 - - 4,765 - - 4,765

RENOVATION
Renovation 0 0 YA 2015 6,200 - - - - - - - - - - -
i Renovation 0 100 YA 2015 933 933 - - 933 - - - - - - -
Renovation - - - - - - - - - - - -

Grand-total - Renovation 7,133 933 - - 933 - - - - - - -

SIGNBOARD
Signboard 20 10 YA 2015 4,829 4,829 - - 4,829 2,414 - - 2,414 - 483 1,931
i Signboard 0 100 YA 2015 742 742 - - 742 - - - - - - -

Grand-total - Sigbboard 5,571 5,571 - - 5,571 2,414 - - 2,414 - 483 1,931

FURNITURE AND FITTINGS


Furniture and fittings 0 0 YA 2015 14,796 - - - - - - - - - - -
i Furniture and fittings 0 100 YA 2015 4,568 4,568 - - 4,568 - - - - - - -
i Furniture and fittings 0 100 YA 2015 1,140 1,140 - - 1,140 1,140 - - 1,140 - - 1,140
Furniture and fittings 20 16 YA 2018 - - - - - - - - - - -
Furniture and fittings 20 12 YA 2018 - - - - - - - - - - -

Grand-total - Furniture and Fittings 20,504 5,708 - - 5,708 1,140 - - 1,140 - - 1,140

i Under Schedule 3, Paragraph 19A of the Income Tax Act 1967, the value of each small value assets being not more than RM1,300 is given 100% allowance provided that the total qualifying expenditure not exceeds
RM13,000. (From YA 2015 onwards).

GRAND TOTAL 51,467 30,471 - - 30,471 8,319 - - 8,319 - 483 7,836