KUALA LUMPUR: Of late, there have been many discussions on how doctors, particularly those who are attached to private hospitals, are to be taxed. The core issue is whether the specialist income in prior years has been correctly taxed as company’s income or whether it would have to be reassessed under the individual. Managing these issues can be challenging given that 15 December 2016 is the deadline for affected medical practitioners to settle whatsoever outstanding taxes plus penalties on a voluntary basis so that the concessionary penalty rate could apply.
Against this background, Deloitte Malaysia organised a half-day tax workshop earlier today at the Deloitte office in Kuala Lumpur, discussing how medical practitioners can build a tax-aligned medical practice. During the workshop, various tax-sustainable strategies for medical practices were discussed, including the challenge of how the 15 December 2016 deadline could be met in a practical way.
