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Doctor, Private Hospital and Income Tax

The Inland Revenue Board “IRB” has issued the guidelines on Tax Treatment on the Income of Medical Practitioners (Specialist Doctors) in Private Hospitals on 16th March 2022. The guidelines explain whether the fee received by a Specialist Doctor from Private Hospitals in return for services rendered shall be assessed under the following categories:-

  • Business income of an individual to be assessed under Section 4(a) of the Income Tax Act, 1967 (“the Act”)

  • Business income of a company to be assessed under Section 4(a) of the Act; and

  • Employment income assessed under Section 4(b) of the Act.

To know more about the tax treatments mentioned in the guidelines, please take a look at Grant Thornton's Tax Alert publication.

#LHDN #MedicalDoctor #PrivateHospital #S4a #S4b

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First, lets make sure we have same understanding, Director here mean the person named in Section 58 as Officer of the Company under the Companies Act 2016 (#CA2016) (or Form 49 under Companies Act 196