Are you looking for ways to reduce your taxable income and save more on taxes? 💰 The first step is to start early and plan ahead. It’s very important to estimate your income taxes for the particular year and make…
💰 A REMINDER FOR ALL EMPLOYERS 💰 You need to prepare and render to all employees (including new, existing and resigned) a statement of remuneration (EA for private sector employees; EC for public sector employees) on or before the last…
Are you looking for an all-in-one online accounting software? Let me introduce you to Xero which is designed to make life easier for SMEs – any time, anywhere 💯 Here are some of my favourite features: 🌟View invoices, contacts and…
The Ministry of Finance (MOF) just upda…
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…
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…
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…
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…
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.…
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…