is this possible...
-
some said that his Renault Kangoo "now can tear out the cage, put rear window panel, put sports rim.. machiam like cAR liaoz!!!! SHIOK ARH! speed limit become 70km+20km..hehehe. good sia."
He also told me that he paid only $300 to register a company and bought the Kangoo at $40K. Erm... here is my question... company also need to declare income tax and invoices one right? You can't simply register a company and let it be a sitting duck right? If it's that easy that wouldn't everyone just pay $300 to register a company and get vans at low prices? I don't get it... experts please advise!
"hahaha.. reg company only $300. save $$ on petrol... and roadtax. it is that easy cos i'm driving one."
me "den ur company no need to pay annual fees ar?"
he "if your company dont earn $$ need to pay?"
Erm... is he bullshitting me? Or really got such a good deal? any advise? -
Companies have to send in their accounts for audit every 6 months. So unless he can show something on his accounts, I don't think its likely.
-
depends u register wat type.
dun have to realli do much.. can juz go register a company wif super low built up capital like few dollars wif R.O.C -
sorry can explain a bit?Originally posted by EkBoy:depends u register wat type.
dun have to realli do much.. can juz go register a company wif super low built up capital like few dollars wif R.O.C -
if relli so good how come he oni settling for a kangaroo?....i mean.......kangoo?
-
cheap light goods vehicle mah... runs on diesel and stuff... good part i guess is 4 wheeled transport onthe cheap ba..Originally posted by FireIce:if relli so good how come he oni settling for a kangaroo?....i mean.......kangoo? -
if register for sole propietor cost 100+ but Pte Ltd 300+
Pte Ltd need submit a lot of detail end of the year but not so much on sole P -
not so means still gotta submit some... which is..?Originally posted by joemit7850:if register for sole propietor cost 100+ but Pte Ltd 300+
Pte Ltd need submit a lot of detail end of the year but not so much on sole P -
if you declare your company losing $ ... then no need pay tax ... what your friend said is true ... but still must send in accounts for audit like someone said above ...Originally posted by nOrmalbOi:not so means still gotta submit some... which is..? -
If i rem correctly, for sole proprietorship i think u can do a/cs urself no nid to audit. this is allowed to lower the costs and to boost entreprenurship....
-
You will still have to send in your sets of accounts for taxation purposes. But for the first 2 yrs it is tax exempted if your company is declaring loses.
-
then if wan must fast rite... wait more ppl do this... then govt close the hole again..
thanks guys
-
I believe you are referring to the 1 dollar companies. They have already closed that loophole.Originally posted by EkBoy:depends u register wat type.
dun have to realli do much.. can juz go register a company wif super low built up capital like few dollars wif R.O.C -
How are you going to come out with a set of accounts? If kena caught, very serious offence leh. They are closing the loop on holding companies now.Originally posted by nOrmalbOi:then if wan must fast rite... wait more ppl do this... then govt close the hole again..
thanks guys -
Closing? Means not closed yet? Anyway, which particular law/clause/loop is it? Any idea when are they closing the supposed loophole that you guys are talking about? On top of that, what's the penalty?Originally posted by DummiesInc:How are you going to come out with a set of accounts? If kena caught, very serious offence leh. They are closing the loop on holding companies now.
Also, heard from a lady boss herself that it is feasible with the right procedures. Anyone whose really sure of this situation? Or perhaps anyone/entrepreneur whose already doing this. Care to share?
-
hmmm...
-
yes its true on the company thing on tat matter
rite now oni combo is comes wif sports rim 15 inch , 4 disc brakes and ABS. oso the best buy
and its below 40 k
other makes... citr berlingo , peug partner, opel combo, ren kangoo
(car size vans)
yesh now its cage free as long as u not carrying goods.
inspection , i still will install the cage back.
more info : www.eurovanclub.com