Corporate Compliance in Malaysia Statutory Declaration
A statutory declaration is like the magic piece of paper (a written oath) which is useful for company registration, as proof of debt and to confirm facts before the authorities. In fact, it’s actually a very common practice among the business owners in Malaysia. Want to get a statutory declaration but worried about the pandemic? […]
3 Types of Shareholder Meetings in Malaysia
Are you a shareholder of a company? If yes, make sure to attend the annual general meeting (AGM) and extraordinary general meeting (EGM). These meetings provide links of communication between shareholders and management and enables members to exercise their votes. Here’s a brief overview on the 3 types of shareholder meetings in Malaysia. Why is […]
Tax Awareness for Employers in Malaysia
As an employer in Malaysia, there are a couple of employer tax obligations that you have to comply with. Here’s a comprehensive list to help you before any officers from the Inland Revenue Board make that unexpected appearance at your doorstep. If you need help with Employer Tax Obligation Review or Audit, feel free to […]
Accounting 101: Allowable & Disallowable Expenses
It is important to know that not all expenses in your accounting books can be allowed for tax deductions. Allowable expenses are costs that are essential to running your business but does not include money used to pay for personal purchases. If an expense is not “wholly and exclusively” used for business purposes, then it […]
Maternity Leave Entitlements for Employees in Malaysia
✨💞 Good news for all expecting and soon-to-be mothers! Under the new Malaysian 2020 Budget, private sector employees will be eligible to 90 days of paid maternity leave (an increase from the current 60 days) – starting 1st January 2021. If you have any questions on employees compensation package and labour law requirements, reach out […]
2022 Budget – Key Tax Measures Impacting Individuals
Themed “A Prosperous Malaysian Family”, the country’s Budget 2020 will focus on people still adversely impacted by the Covid-19 pandemic. What are the key changes that will impact you and me? Check out the highlights below. If you have any further questions, reach out to us via WhatsApp at https://wa.me/60143248237. Facebook: https://www.facebook.com/JS-Partners-890552254344978/ LinkedIn: https://www.linkedin.com/company/js-partners/
2022 Budget – Key Tax Measures Impacting Businesses
With Malaysia moving into post-pandemic economic recovery mode, the government has unveiled a variety of tax measures in its new RM332.1 billion Budget 2022. It is designed to build resilience, build economic recovery, and drive reforms – but what are the key tax measures for businesses? Check out some of the highlights below! If you […]
What Business Licenses Do Education Centres in Malaysia Need?
📚 Do you know that some of the tuition centres in Malaysia are actually illegal? One of the main reason is the institution is NOT accredited and licensed. Malaysia law actually requires all private education institute to be registered with the Education Ministry of Malaysia (MOE). As you can imagine, similar to other application processes […]
Starting a Franchise Business in Malaysia
You will come to realise that there are actually A LOT of franchise businesses in Malaysia – from fast food chains, petrol stations, convenience stores, pet stores, beauty parlours and so on. Why? Because starting a franchise is a convenient alternative to starting a business from scratch. There is less risk as the business owner […]
Budget 2022 Highlights About Personal Taxes
All eyes on Budget 2022! 💰 With the country moving into post-pandemic economic recovery mode, the RM332.1 billion unveiled last Friday is the nation’s largest budget. But what does it mean for the people? How will we be affected or benefit from it? 🤔 Well, Budget 2022 seems to show the government’s commitment to adopt […]