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To Whom Company Contract Binds- Director or Company: The Malaysian Companies Act 2016- Section 64 and 65

Legal Definition of a Contract  As far as the term “Contract” is concerned, it is defined in Malaysian Companies Act 2016. Here, a Contract is an agreement that is...


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Shares and Debentures: Malaysian Companies Act 2016

A company traditionally has the power to borrow money for the purposes of its business. When a company acquires money from external sources for its business, it is...


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Tax Treatment of Grants and Subsidies Received Under Covid-19 Relief Packages

To facilitate economic growth, the Malaysian Government has launched three major economic stimulus packages (“ESPs”). It would help to minimize the financial impact of the Covid-19 pandemic over...


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PRIHATIN Moratorium Programme – Tax Treatment for Interest

The Income Tax, also regarded as Special Treatment for Interest on Loan 2020, was gazetted on 25 Aug 2020. These special regulations will be in effect from year...


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Top 10 Audit Firms Malaysia 2020

Talking about the top 10 audit firms in Malaysia 2020, we have created the most authentic and unbiased list of accountants and auditing service providers. Each audit firm...


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Everything You Need to Know About the Vacancy Tax in Malaysia

Vacancy tax has been in the news for a while due to the oversupply of properties, which are highly priced and left unsold due to unsuitability. Builders who...


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Non-mandatory Statutory Compliance Guide for Malaysian Startups

Understanding the exceptions of a startup with respect to statutory compliance helps in building the right expectations from hiring professionals.  Paving your way in entrepreneurship includes learning a broad...


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Benefits of Outsource Accounting Services in Malaysia

If you have heard about outsource accounting services, you might wonder how beneficial it is to seek such services. In fact, there are numerous reasons why you should...


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All You Need to know about Company Secretary Malaysia

The term company secretary is used from a different perspective. Normally, we have heard about an office secretary. However, the section 139A of Companies Act of 1965 defines...


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Six Primary Company Taxes in Malaysia (with Tax Rates of 2020)

relFor a smooth tax process in Malaysia, one needs to have a thorough understanding of the tax obligation process. If you are running your business as an independent...


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