List Of Benefits-In-Kind That Are Exempted From Tax
How many of you have received your EA forms from your employers for the Year of Assessment (YA) 2021? 🤚🏼 Before you file your taxes, take some time to understand which part of your monthly remuneration can be exempted from tax 📋 One of the most common one is benefit-in-kind – basically any non-cash benefit […]
Guide to Corporate Bank Account Opening in Malaysia
What’s the next step after successfully registering your company? 🤔 🏦 It would be opening a corporate bank account for your company’s financial transactions 📑 As long as the necessary documentation is complete, foreigners are also permitted to open bank accounts in Malaysia. Of course, do take note of the different rules and regulations set […]
6 Benefits of Digital Accounting For Small Businesses
In this new norm, businesses that aren’t going digital are businesses that are falling behind. We are not just talking about e-commerce platform adoption and social media presence, but more importantly the day-to-day business processes too! Here are the 6 key benefits of digital accounting for small businesses. 1. A Streamlined System A digital accounting […]
5 Common Income Tax Filing Mistakes to Avoid
Tax season is once again upon us 💰 Some of you would have received your EA forms this week and might be anxious about the filing process – wondering where to start or trying to remember everything from the year before. Well, here are some common mistakes that most of us might have done or […]
Do You Need To Make EPF Payments for Bonuses and Cash Allowances in Malaysia?.
You see this being deducted from your gross salary on a monthly basis, but would your bonuses and cash allowances affect the amount? 🤔 Do you need to make EPF payments for bonuses and cash allowances in Malaysia? 💰 Well, this is a question I get asked very often and I have put together an […]
5 Easy Ways To Plan Individual Income Tax in Malaysia
For those who think that tax planning is just a once-a-year chore – well, sorry to burst your bubble 🤑 but it’s actually crucial to plan ahead in order to save more taxes. In fact, there are key steps you can take throughout the year to reduce your tax burden, whilst keeping within the law […]
Everything You Should Claim For Income Tax Relief Malaysia [YA 2021]
Here we go again – tax season for Malaysians who garnered an income of at least RM34,000 in 2021 is coming up soon! 🤑 With the common objective to maximise tax refund, we have listed all the tax deductions and reliefs that you can claim for YA2021. 🧾 Remember to keep your receipts for at […]
Key Differences Between GST & SST in Malaysia
Did you know that with the introduction of SST, we enjoy the advantage of a lower cost of living because the seller pays the sales tax at the point of sale ONLY ONCE 🙌🏼 🧾 If you are wondering what are the differences between the former GST system in Malaysia and the new SST system […]
Do Foreigners Need to Pay Tax in Malaysia?
Confused about income tax in Malaysia? 🤑 Don’t worry! In the coming weeks, we will be sharing and answering some important questions about the tax approach, taxable rates, exemption list, filing obligations and more! 📝 We know the tax code is complex and constantly changing, so let us help and guide you. Today we will […]
Corporate Tax Planning in Malaysia to Reduce Tax Burden
As a business owner, you probably spend a lot of time stressing about tax burden and compliance 😖 What if we tell you there’s actually a way to ease that burden? How? With effective TAX PLANNING! 💯 Yes, you read that right! With tax planning, you can implement strategies to potentially reduce tax liability by […]