These are four other more adventurous approaches.
Instead of taking money out from the company, some would prefer to shift their expenses into the company. Such as :
- Buying car.
- Buying property and letting the owner stays in the property.
- Issuing salary to wife, children, parents and even maid.
- Buying luxurious painting, jewelry, furniture and many more.
Several of the above approach will attract skepticism and attack from Inland Revenue Board.
There are easier and more tax effective ways
for you to extract profit from the company. The Taxguru Dr Choong Kwai Fatt will present the solution to this difficult tax question in the upcoming Payroll Tax seminar.
Have peace of mind knowing that you are taking the right approach. "TAX EFFECTIVE" and legal way
to extract profit effectively from the company other than dividend approach.
to find out more about this seminar.