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 […]
Tax Planning for Individual Income Tax in Malaysia
Are you looking for ways to reduce your taxable income and save more on taxes? 💰 The first step is to start early and plan ahead. It’s very important to estimate your income taxes for the particular year and make sure you qualify for the right tax deductions 👍🏻 Two Things To Remember: 📝 While […]
Get Your Income Tax Act Together – Starting With EA Form
💰 A REMINDER FOR ALL EMPLOYERS 💰 You need to prepare and render to all employees (including new, existing and resigned) a statement of remuneration (EA for private sector employees; EC for public sector employees) on or before the last day of February – for employees to complete and submit his/her personal tax return 📝 […]
4 Reasons To Run Your Business On Xero’s Online Accounting Software
Are you looking for an all-in-one online accounting software? Let me introduce you to Xero which is designed to make life easier for SMEs – any time, anywhere 💯 Here are some of my favourite features: 🌟View invoices, contacts and accounts online. 🌟Easily sync bank and financial information. 🌟Invite advisors in and work together anywhere. […]
📢 Attention to Individuals With Foreign-Sourced Income [FSI] 📢
The Ministry of Finance (MOF) just updated that the government has agreed to EXEMPT all types of foreign incomes of individuals from tax, and has also extended the exemption to dividend incomes earned by limited liability companies and partnerships. 🗓️ The exemption would be effective for 5 YEARS from Jan 1, 2022 until Dec 31, […]