Question: Question 2 Asia Brand Sdn Bhd ( ABSB ) was incorporated on 1 August 2 0 2 2 with paid up ordinary share capital of

Question 2
Asia Brand Sdn Bhd (ABSB) was incorporated on 1 August 2022 with paid up ordinary share capital of RM6 millions. It commenced its manufacturing business on 1 September 2022. The estimated taxpayable for year of assessment 2023 is RM132,000. The company shall close its first accounts on 30 June 2023.
Mr Jay, the director of ABSB, contacted your tax firm and sought your advice relating to the company's tax obligations under the self-assessment system. You are to advice ABSB on these matters:
State the due date on Asia Brand Sdn Bhd's submission of its estimated tax payable for year of assessment 2023.
State the due date for its first tax instalment and compute the amount of the tax instalment per month for year of assessment 2023.
State the number of instalments to be made for year of assessment 2023 and the due date for the last tax instalment.
State the months in which the revised tax estimate can be made for year of assessment 2023.
(Total : 10 marks)
 Question 2 Asia Brand Sdn Bhd (ABSB) was incorporated on 1

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