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Malaysian Government is Thinking about Re-implementing GST in 2022 or 2023

The Malaysian government is planning to re-implement goods and services tax (GST); however, this decision is likely to be implemented in 2022 or 2023. Hence, it is anticipated that...


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Extended Tax Cut for Landlords Offering Rentals to SMEs at Reduced Rates

The landlords who offer their premises to SME’s at reduced rates (at least 30% less) can continue to enjoy extended tax cut till March next year—The Finance Minister...


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Difference between Audit and Assurance Services

Both audit and assurance services play a key role during the evaluation of a company’s financial record. These procedures are followed to verify the accounting record available with...


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Tax Highlights 2021: What to Expect from Malaysia Budget 2021

The Malaysian Budget 2021 was announced on 6 Nov 2020, which is mainly focused on three major goals naming business continuity, Rakyat’s well-being, and economic resilience. To achieve...


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Is it Feasible for Malaysia to Revamp its Corporate Tax Rate 2020?

Whether it is possible for Malaysia to lower its corporate tax rate 2020 during the prevailing economic situation or it should rely on its incentive-based strategy. The answer...


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Proposed Income Tax Malaysia Benefits in the Budget 2021: These Tax Cuts would Benefit those earning RM50K to RM70K Annually

While proposing Budget 2021, the Malaysian government has recently announced a noticeable reduction in the income tax rates. During the budget session, Finance Minister Datuk Seri Tengku has...


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Corporate Tax Malaysia: All You Need to Know

Corporate tax is charged to the resident company or Sdn Bhd receiving income within Malaysia and outside Malaysia for a firm holding insurance, air transportation, sea, and banking...


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Premises Owners can Apply for Vacancy Allowance

According to Kuala Lumpur City Hall (DBKL), state builders which were not able to lease out their premises due to the Corona pandemic can apply for a vacancy...


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What to Expect from Budget 2021?

Concerning the COVID-19 pandemic, over RM300 billion stimulus packages have been announced by the Malaysian Government to date. This is what other governments around the world are also...


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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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