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During a tax audit, would the Inland Revenue Board (IRB) accept scanned invoices and receipts as supporting documents? Yes, IRB can accept scanned or photocopied supporting documents but also has the right to request for the original copy when necessary.
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If we take our employees on a local trip and our company’s financial year end is on 31 December 2022, do we need to make the payment and depart for the trip before end of December in order to qualify for tax deductions in Year of Assessment (YA) 2022? As long as the travel expenses…
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I have paid for a one-year newspaper subscription fee. The subscription period is from April 2021 to March 2022. Do I need to apportion the amount according to the year when claiming lifestyle relief? You can claim the full amount based on invoice date without needing to apportion the amount.