Things to be done before 31 December 2020
Things to be done before 31 December 2020 What do you need to know? Things to be done before 31 December 2020 What do you need to know? As we are nearing towards the end of the year, we have compiled the attachment below to help you better understand all you need to claim for […]
Tax Rebate for Set-up of New Businesses
Good news for new small businesses! The Malaysian government has introduced the tax rebate in the year 2020 to encourage the establishment of new businesses in the country. There is no better time to register your company! Here’s a breakdown on what you need to know about the tax rebate: Do reach out to our […]
Highlights – 2021 Budget : Tax Implications on Individuals and Businesses
Here are the highlights from Malaysia’s highly anticipated Budget 2021 amidst the challenges of the Covid-19 pandemic presented by Malaysia’s Finance Minister, YB Tengku Datuk Sri Zafrul Abdul Aziz. Do reach out to our dedicated team for more information! Just fill up the form and we will get back to you! – http://ow.ly/ZObm50zybOJ You can […]
Director’s Liability – “Will I be accountable for the debts owing by the company?”
One of the popular questions we get from directors usually revolves around the issue of their personal liability when it comes to their company’s debts: Will I be accountable for the debts owing by the company? What happens when the company has outstanding taxes that are not paid within 30 days from the date of […]
Things You Can Use Your EPF For
Here are 8 different things you probably did not know you could use your EPF/KWSP funds for. So you may ask, so how now? There are numerous options for EPF/KWSP withdrawals that aren’t known to many. That said, you must weigh the pros and cons of taking money out of your EPF accounts. The extra […]
Directors and Shareholders, who are they and what do they do?
Being new to the journey of entrepreneurship means there are many business jargons to get used to, especially if you are registering a company for the first time. Besides deciding the amount of paid-up capital and the number of shares for your company, you need to appoint directors and shareholders as well. Who are the […]
Tax Audit and Investigation
Tax audits or tax investigations are becoming increasingly common with the Self Assessment Standard (SAS) system. Tax audits are usually carried within a pre-defined time-frame and scope so that the taxpayer is able to adequately prepare the required information and documentation. On the other hand, tax investigations are often conducted by surprise as a more […]
Do you need a Company Constitution and a Shareholders Agreement?
So you’ve just set up a company and might be asking yourself: what’s next? You might have heard others tell you that you need a Shareholders Agreement and Company Constitution.They are the key foundational documents you’ll need when setting up a company – so you’re on the right track! It is common for shareholders to […]
Tax Treatment for Entertainment Expenses
The objective of this Public Ruling (PR) is to explain the tax treatment of entertainment expense as a deduction against gross income of a business and steps to determine the amount of entertainment expense allowable as a deduction. The process of determining the deductibility of entertainment expenses can be very tedious and often bewildering. Therefore, […]
Types of Industries in Malaysia Foreigners Not Permitted
Kuala Lumpur mayor Datuk Nor Hisham Ahmad Dahlan has just announced that 20 types of businesses have been singled out by Kuala Lumpur City Hall (DBKL) as being off limits to foreigners in the nation’s capital. The rule extends to hawkers and traders operating in markets, food courts, night markets and roadside stalls. Here’s a […]