The taxpayer will ask, why my bad debts cannot claim? Can my bad debt deductible in this year?

Sure, you can deduct the debts if you have taken all the necessary steps. If not, you will spend more money to pay the penalty if LHDN come after you!

So, when will the bad debts became tax deductible?

No worries, we are here to solve your queries!

Due to the impact of the covid-19, many companies are facing problem of having to layoff and salary reduction to minimize their cash flow problem.

As an employers, do you know, in what situation you need to submit the PK Form to Labour department?