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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...


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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...


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Refurbishment and Renovation Cost of the Business Premises is a Valid Tax Deduction

The tax deduction of an amount up to RM300,000 on the renovation and refurbishment of any business premises was proposed earlier. Now the rules regarding this particular tax...


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Tax Reliefs and Changes to Expect From YA2020

Talking about the Year of Assessment 2020, the Malaysian government has introduced a considerable number of income tax changes and reliefs. These amendments are permanent additions, which were...


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Difference between Audit and Assurance Services

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


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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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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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Top 10 Audit Firms Malaysia 2023

Talking about the top 10 audit firms in Malaysia 2023, we have created the most authentic and unbiased list of accountants and auditing service providers. Each audit firm...


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