Steep Penalty for Failure to Prepare Transfer Pricing Documentations
🇲🇾 In Malaysia, transfer pricing laws are applied to both domestic and international related parties. Unsure of what it means? Well, as the name suggests – transfer pricing refers to the “pricing” for the transfer of goods and services between related parties. Transfer prices are used when individual entities of a larger multi-entity firm are […]
What Do You Know About Tax Investigation in Malaysia?
We often hear or read about the importance of being transparent and declaring every source of income rightfully. Why? Because falsifying income intentionally would put one in jeopardy of wilful tax evasion which leads tax investigations by the Inland Revenue Board (IRB). Tax evasion is a criminal activity that is strictly prohibited under the Malaysia […]
Tax Specialist Training Diary: Personal Tax Relief & Strategies
Do you agree that in life, TAX is one of the things that you can’t run away from 😅 🧾 Income tax is compulsory by law and every year, the amount that you pay differs based on your total taxable income and tax reliefs that you claim. No doubt it can get rather confusing 🤔 […]
Why You Should Outsource Bookkeeping & Payroll
No doubt that managing a business requires strategic planning and application of many different skills. That explains why some business owners might lack the time or the right knowledge to understand their company’s finances or payroll processes. While hiring an in-house staff sounds like a good idea – it also means you will have to […]
5 Things to Consider Before Incorporating a Business Overseas
Are you a growth-minded person? If you answered YES!, then the world is your oyster 🤩 Contemplating to incorporate a business overseas, but don’t know what to expect? For SMEs, going global is a significant undertaking that could cripple existing organisational activities. Thus, it is crucial for the leadership team to understand its full impact […]
How Much Tax Relief Can You Claim for Your Education Fees? Up to RM7,000!
Maximise your tax reliefs! We are back with another common tax relief that is being missed out by most netizens. The “Education Fees Relief” for yourself! 📚 Have you been wondering if you should enroll yourself into a tertiary or doctorate education? 🎓 Take that MBA course that you have been thinking about! An individual […]
How To Check If Your Hotel Stay Is Eligible For The Tourism Tax Relief?
✈️ 🇲🇾 Did you take that golden opportunity to travel within Malaysia in 2020? Probably visited the East Coast and soaked up some Vitamin Sea? 🏝 Or went food hunting all around Penang? 🍜 Did you take the SkyWay up to Genting?🚡 Well, as a resort to boost the tourism industry, the government has taken […]
#WorkingWomenWonders Exclusive Interview with SCIKEY
If you would be given the superpower for one day to do something for women, what would that be? 🦸🏻♀️ In celebration and support of the International Women’s Day, our Founder and Managing Partner, Shivajini Seelan did an exclusive interview with research-backed global talent commerce company called SCIKEY. What do you remember the most from […]
Malaysia’s Digital Services Tax: Will Foreign Service Providers Be Affected?
Remember when Malaysia caught up with the global trend of imposing a 6% digital services tax on foreign digital service providers (FSPs)? Well, it’s now in its second year of implementation. So what has changed and what should you take note of? 🤔 We have highlighted some key information to help you understand this topic […]
Tax Guide: All You Need to Know About Form E
‼️The tax filing season is upon us and today, we are going to shine some light on Form E! We will be sharing about: What is Form E Who Should Submit Form E What Are the Taxable Income for Monthly Tax Deduction (MTD) List of Benefits in Kind That Must Be Reported in Form E […]