Malaysia Impose 10% Tax on Low-Value Goods, Value below RM500
The Royal Malaysian Customs Department (RMCD) has stated that the Malaysian government would apply a 10% sales tax to all imported low-value goods (LVG) purchased online beginning 1...
INTELLECTUAL PROPERTY
Have a brilliant idea you're certain will change the world? Well, Bright Ideas will only stay bright if it is safeguarded! A type of intangible asset primarily produced by...
Employment FAQs (Amendment of 1st Schedule) Order 2022
The Employment Act of 1955 will cover all employees beginning September 1, 2022. In light of the previous update, we've compiled a list of frequently asked questions concerning the...
The RM60,000 Tax Break for New Malaysian Businesses
If you intend to establish a new business, please register before the end of the year. New founded companies between July 1, 2022, and December 31, 2022, are...
Top 10 Accounting Softwares in Malaysia
If you are in search of best accounting softwares, read this blog post that talks about the top 10 accounting softwares in Malaysia. Malaysia is a region of culture...
Winding Up VS Strike Off: Which One is the Best Way to Close down a Company?
There are two common methods for closure of a company. Winding Up vs. Strike Off. Find out the difference between strike off and winding up. Due to the economic...
How to Reduce Audit Fees?
If you wonder how to reduce audit fees, you have landed on the right page. In this article, we are going to discuss the ways to lower the...
Employer’s Contributions to EIS, EPF, and SOCSO in Malaysia
In addition to monthly salaries, Malaysian employers are also bound to contribute to the EPF, EIS, and SOCSO accounts of their employees. This contribution is paid into Employee...
IRBM Updates FAQ on Special Deduction Allowed on Rental Reduction to SMEs and non-SMEs Tenants, 07 September 2021
Recently, the IRBM has released an updated FAQ related to the special deduction to property owners/landlords for rental reduction to small and medium enterprises (SMEs) and non-SMEs on...
Making Property Investment through Company Ownership
Since the property prices are rising, a lot of investors have started to invest in real estate. The major trend relates to residential properties. These properties are bought...