Newsletter | Issue 22

Subject: We barely have the budget to survive October, what more 2023

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WHAT’S RIGHT, MALAYSIA?

YOU DECIDE


Apa khabar? The biggest highlight of this week was the Budget 2023 announcement. The biggest highlight of our week is finding out that Monday is a public holiday.
Happy long weekend, folks.
To those of you who will be working on Monday, look at the bright side – no traffic!
Niresh Kaur, Shambavi Shankar


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What’s the tea in Malaysia?

sipping tea
Source: Tenor
CSR, it seems
This week, the Parliament’s Public Account Committee (PAC) released a report stating that the appointment procedure was not followed by both the government and KPISoft Malaysia Sdn Bhd during the agreement to develop the MySejahtera app. 

What happened? It seems as if since the procurement of this app fell under CSR, the procedure was not followed. 

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Source:Tenor
What’s alarming is that KPISoft still owns the intellectual property (IP) of the MySejahtera app as the government has not registered the IP on MyIPO as of April 2022. The risk with this is that the developer could claim ownership over the app. 

As if Malaysians are not being taunted enough by having our data leaked everywhere. Take our data seriously, Malaysia!
How to evade tax, as seen in Yana Najib’s case *NOT A LEGAL ADVISE*
The LHDN withdrew its appeal against a High Court decision to refuse a summary judgment against Nooryana Najib’s case. 

In 2019, the LHDN filed a case against Najib’s daughter claiming that she had failed to submit her tax return forms under Section 77 of the Income Tax Act 1967 between 2011 and 2017. 

A summary judgment would have allowed the LHDN to recover the RM10.3 million, however, the High Court in 2020 dismissed this application on grounds that the LHDN’s documentation was not in order (get a better lawyer perhaps, LHDN?). 

The appeal hearing was fixed for 5 October 2022, however, the LHDN has now withdrawn the case. 

What can we learn from this? Making a lot of noise on social media and talking about your favourite Starbucks drinks can help you evade tax. 
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Source: Tenor
Disclaimer – this is not to be taken as legal advise. We hold no responsibility if LHDN sues you for the monies owed. Pay your taxes, people, so that the government can fund escorts for Najib and his family.
Budget 2023 – not the key takeaways
You know where to find the summary of the Budget 2023, and we are no experts on the matter. However, we can tell you how the budget works.

After the tabling of the budget (the Supply Bill) by the Finance Minister to the Dewan Rakyat, the Dewan Rakyat will then have to vote on this. After a series of debates on the budget (which is usually the case), the budget will be approved (with or without amendments) by the Parliament. 

Since the budget is technically a Bill, it’ll have to go through the usual Royal Assent process, upon which it becomes the Supply Act (Year). 

For instance, last year’s budget was approved with amendments on 21 December 2021, and obtained its Royal Assent on 28 December 2021 making the Supply Act 2022 official. 
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Source: Tenor
General Elections General Info
(GEGI with whatsrightMY)

Is there a reason why Malaysia is rushing for elections? 
The 14th Parliament of Malaysia is due to dissolve on 16 July 2023 (5 years after the first Parliament meeting on 16 July 2018). 

So, technically, there is no reason to rush as we have at least another 6 months to prepare. However, there are ongoing rumours that the elections may be held at the height of disaster season – November which brings about the hashtag – #undibanjir. 

Need diving lessons to serve your country? Fill up this form and get your diving license now.
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Source: Tenor

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