Invatex Consulting Sdn Bhd

Invatex Consulting Sdn Bhd Tax and Corporate Advisory Firm

Tax season is here. This is for all the salaried taxpayers!
12/03/2024

Tax season is here. This is for all the salaried taxpayers!

Friends, give me a shout if you know anyone for this role.
07/03/2024

Friends, give me a shout if you know anyone for this role.

09/12/2022

Today the Federal Court led by the Chief Justice ruled that Section 4C of the Income Tax Act 1967 is unconstitutional as it contravenes Article 13(2) of the Federal Constitution.

This is a monumentality landmark case for the relevant taxpayers who have been unfairly taxed under Section 4C.

We are proud to be a part of the working team led by Bodipalar De Silva Ponnudurai and Rosli Dahlan Saravana Partnership.

03/08/2022

In 2019, we were appointed by Messrs Bodipalar Ponnudurai De Silva’s client to oversee a tax audit conducted on their company.

The company whose principal activity is property development has remained dormant since the date of its incorporation 32 years ago, apart from some quarry activities. The company owns pieces of land in Klang Valley but had not commenced any property development business activity.

In 2018, a part of the land was compulsorily acquired by the Government for SUKE highway and a compensation was paid to the company.

The Inland Revenue Board raised an assessment on the compensation received on the basis that land is considered as stock for property developers and therefore subject to tax under the fairly new Section 4C of the Income Tax Act.

We disputed the IRB’s findings based on the facts that the company has remained dormant for over 30 years and therefore has never traded in the business of property development. The IRB disagreed with our views and legal proceedings were initiated by the client upon our advice.

Yesterday at the Federal Court, Datuk Naban and Saravana Kumar from RDS together with Fiona Bodipalar successfully obtained a leave to challenge the IRB’s decision.

The key argument put forth by the legal team is whether Section 4C is constitutional as it contravenes with Article 13(2) of the Federal Constitution.

This is a significant milestone for the taxpayers in Malaysia. As much as we strongly believe that tax laws are to be adhered to, it cannot cause injustice and unfairness to the taxpayers.

We will keep this page updated on the final outcome of the case.

Announcement on our next chapter.
06/12/2021

Announcement on our next chapter.

Happening today!!
28/06/2021

Happening today!!

Address

B-25-2 Block B, Jaya One, Jalan Professor Ungku Aziz
Petaling Jaya
46200

Opening Hours

Monday 08:30 - 17:30
Tuesday 08:30 - 17:30
Wednesday 08:30 - 17:30
Thursday 08:30 - 17:30
Friday 08:30 - 17:30

Telephone

+60173824506

Website

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