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        <title>Lowyat.NET: Latest topics by 1331nj</title>
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        <lastBuildDate>Tue, 03 Nov 2026 00:06:51 +0800</lastBuildDate>
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            <title>Sole Proprietorship &amp;amp; Income Tax</title>
            <link>http://forum.lowyat.net/topic/4419197</link>
            <description>Hi guys.&lt;br /&gt;&lt;br /&gt;I have some questions.&lt;br /&gt;&lt;br /&gt;1) The enterprise business has been running for 2 complete years but there is no proper record of the business cash-flow. What to do? &lt;br /&gt;&lt;br /&gt;2) The enterprise/business is making around MYR200k/year but the profits are use to pay loan and to make new building. Is there any tax to be paid?&lt;br /&gt;&lt;br /&gt;Thank you.&lt;br /&gt;&lt;br /&gt;&lt;b&gt;P.S : I&amp;#39;m a freshgraduate and have been working in a new company for about 7 months. I plan to take over an enterprise business that has been running for 2 years but I&amp;#39;m not sure about the legal documents. From what i heard, they never declared anything to LHDN. So I&amp;#39;m concern and want to fix the internal problem before helping with the management.&lt;/b&gt;</description>
            <author>1331nj</author>
            <category>Finance, Business and Investment House</category>
            <pubDate>Fri, 29 Sep 2017 19:50:48 +0800</pubDate>
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