Question: After securing Tango Pty Ltd as a client, STS Sdn Bhd decided to set-up an office in Australia. It rented a commercial property in May

After securing Tango Pty Ltd as a client, STS Sdn Bhd decided to set-up an office in Australia. It rented a commercial property in May 2021 and paid an equivalent of RM2,000 as monthly rental for the commercial property. In addition, STS Sdn Bhd engaged an outsourcing service provider in June 2021 and pays a monthly equivalent of RM3,000 for employment and payroll services.

Required: Discuss the implications of service tax on these payment

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

If you rent a commercial property as your business premis... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

A plant engineering group needs to set up an assembly line to produce a new product. The table in the next column describes the relationships between the activities that need to be completed for this...

A plant engineering group needs to set up an assembly line to produce a new product. The following table describes the relationships between the activities that need to be completed for this product...

As the first to set up an international air express business in 1969, DHL had the first-mover advantage over other companies. Is being a first mover as advantageous for a service company such as DHL,...

Compute net income for May based on the following transactions: May 1 paid $2,550 for May's rent. May 14 paid $1,550 for two weeks wages. May 15 performed $5,550 in consulting service on account. May...

Hi Sirs, I need your help. This assignment due date is next week thursday (30/03/2017). The instructions are as in the attached doc. and also the Companies which will be used for it are attached...

(1) Task 1 (Case Summary) (10%): Summarise the case using the format provided in Microsoft Word; Length of the case summary: NOT EXCEEDING 2 PAGES References: Reference your sources of information...

TAXATION NOTES: My Universe Sdn Bhd (MUSB), a tax resident company in Malaysia, engaged Rich Land Ltd (RLT), an IT solution company incorporated in the Korea, not tax resident company in Malaysia, to...

Fact Find Initial Interview: Time Date Location Referred by: A. Personal Details Applicant 1 Applicant 2 Full Name of Applicant Full Name of Applicant Mr Mrs Miss OMS Dr Mr Mrs Miss OMs Dr Full Name...

Free cash flow valuation Nabor Industries is considering going public but is unsure of a fair offering price for the company. Before hiring an investment banker to assist in making the public...

Choose a product and discuss its full lifecycle (Steps 1-5). Indicate where it is in the life cycle currently. When do you predict the life cycle will end? Why do you think it will end?

A) she been presented with the option to take a lump sum payment of $ 750,000 today or payment in the amount $75,000 over next ten years. Assume 3% interest rate. which preferred option based the...

Suppose commercial bank uses an Altman's Z-score model to predict business loan applicants' default probabilities. The Altman's Z-score model is specified as follows: Z = 1.2X + 1.4X2 + 3.3X3 + 0.6X4...

Please help answer the following: Consider a non-union organization that you, a friend or family member has worked for in the past or one you're familiar with. Now that you have an understanding of...

We know the following data for Albert's fabricating production area: Number of machines = 5 Number of working days in year 340 Processing time per unit = 60 minutes a. What is the annual capacity...

In comparison to developing countries, disasters in developed countries are most likely to cause _ _ _ _ _ .

Complete problem P10-21 using ASPE. Data from P10-21 Original cost ................................................................. $7,000,000 Accumulated depreciation...

Indicate whether each of the items listed below would be included (I) in or excluded (E) from gross income for the 2012 tax year. ________a. Welfare payments ________b. Commissions ________c. Hobby...

While preparing Massie Miller's 2012 Schedule A, you review the following list of possible charitable deductions provided by Massie: Cash contribution to a family whose house burned...

Olive Corporation was formed and began operations on January 1, 2012. The corporation's income statement for the year and the balance sheet at year-end are presented below. The corporation made...

If in Exercise 41 you are given the additional information that a = 3.5, how would your answers change? Under what conditions might it be reasonable for you to know a before taking the samples?

In Exercise 43, suppose that you decide that the mean output of the new machine would have to be at least 5 units higher than the mean output of the old machine in order to justify considering its...

Suppose that you are interested in comparing the gasoline mileage of two brands of gasoline. You hypothesize that there is no difference in the mileages, and you assume that the mileage for each...