Tax treatment for Specialist Doctors

Many medical professionals in private practice earn income which is largely derived from the provision of their personal services. Consultation fees and other payments received by a Specialist Doctor arising from his/her own capacity as a Specialist Doctor by providing services to private hospitals, with or without written agreement, is considered an income arising from carrying his/her profession as a doctor.

For the Specialist Doctor who owns a private limited company, should the income be assessed as the personal income of the Specialist Doctor or as the income of his/her private limited company?

In this live Zoom webinar, Ms. Shalina Jaafar will share with you the guidelines and tax treatment for Specialist Doctors of a private hospital whether the income received is assessable under individual or private limited company. Below are the points to be covered:

• Tax treatment on income received by Specialist Doctors
• Income assessable under individual
• Income assessable under private limited company 
• Tax treatment on expenses incurred by Specialist Doctors
• Responsibilities of Specialist Doctors as a taxpayer