How to Register Tax in Malaysia
Before we wrap up the year, let’s make sure we are compliant with the tax law in the country 🇲🇾 As a refresher, the Inland Revenue Board [IRB] or also know as LHDN, requires individuals earning a minimum of RM34,000 after EPF deductions to register a tax file. This is roughly RM2,833 per month or […]
Factors to Consider When Hiring a Company Secretary
This may come as a surprise to some, but company secretaries actually do more than just filing paperworks, answering office phones and scheduling appointments. In fact, a company secretary plays an integral role in a company and should meet the requirements stated in Section 235 of the Companies Act 2016. Here are some crucial factors […]
Types of Taxes in Malaysia for Companies
Malaysia is one of the countries who implements territorial tax system – basically any income accrued in or derived within Malaysia is liable to tax. Here’s an overview of the type of tax liable by companies registered in Malaysia. Types of Tax Liable by Companies Registered in Malaysia Corporate Tax A corporate tax is imposed […]
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 […]