Malaysia is introducing mandatory e-Invoicing to modernize the tax system and improve transparency. Starting 1 July 2025, all businesses, big or small, must issue digital invoices that are validated by
The Malaysian government has introduced several tax incentives to encourage companies to adopt more employee-friendly practices. These initiatives focus on flexibility, inclusivity, and support for caregiving responsibilities, offering financial relief
As 2025 approaches, it’s critical for Malaysian SMEs to focus on tax planning and compliance. Staying on top of tax obligations not only ensures smooth operations but also helps avoid
Tax season in Malaysia can feel overwhelming, especially if you’re not familiar with the latest rules and reliefs available. But what if you could turn tax filing into an opportunity?
In Malaysia, statutory audits are governed by the Companies Act 2016 and must follow the standards issued by the Malaysian Institute of Accountants (MIA), including the Malaysian Approved Standards on
In Malaysia, statutory audits are a key part of corporate compliance, particularly for private limited companies (Sdn. Bhd.). Many business owners are unsure whether they need an audit, what the
CP204 is the form used by companies in Malaysia to declare their estimated tax payable for the current financial year. The company is required to pay the estimated tax in
Malaysian SMEs are entitled to a variety of tax deductions that can help ease their financial burden and improve overall tax efficiency. 1. Staff Salaries Staff salaries are one of
PCB stands for Potongan Cukai Bulanan, which means Monthly Tax Deduction. It’s a system used by the Lembaga Hasil Dalam Negeri (LHDN) to collect income tax from salaried employees in
1. A Simple Guide for Malaysian Businesses As a business owner in Malaysia, you’ll need to file certain tax forms to stay compliant with the Inland Revenue Board of Malaysia