What is E-invoice ?
E-Invoice is a digital representation of a transaction between a supplier and a buyer. E-Invoice replaces paper or electronic documents such as invoices, credit notes, and debit notes. The details
How to determine your tax residence status ?
Tax residence status determines how you’re taxed in Malaysia, whether you’re considered a “tax resident” or “non-resident”. It’s not based on your citizenship, but on how long you physically stay
Application for Installment Payment of Outstanding Tax/Tax Arrears Online through E-Installment on the MYTAX Portal
This initiative was introduced to facilitate taxpayers in applying for installment payments of outstanding tax or tax arrears and obtaining automatic approval without the need for any supporting documents. What
Selamat Hari Raya Aidilfitri!
🌙✨ Selamat Hari Raya Aidilfitri! ✨🌙 As the holy month of Ramadan comes to an end, we take this opportunity to wish you and your loved ones a joyful and
Tax Reliefs for Year Assessment 2024
Below are the list of individual reliefs that you need to know for the tax declaration of Year Assessment 2024: Relief Types Amount 1 Individual and dependent relatives RM9,000
Corporate Tax Rates
Year Assessment Tax Rates 2023 Companies with paid-up capital not exceeding RM2.5 million and business gross income not exceeding RM50 million First RM150,000 RM150,001 to RM600,000 RM600,001 and
Corporate Tax
Corporate tax is imposed on resident companies (both private limited and public limited) that earn income: Within Malaysia; and Outside Malaysia, for insurance companies, maritime/air transport, and banking sectors. The
Updating Company Information for Taxation Purpose
When should the update be done? It is recommended that companies inform the Inland Revenue Board (HASiL) promptly whenever there are changes to any company details. The following information must
Is the payment received liable for EPF contribution?
Wages refer to any monetary payment owed to an employee under a contract of service or apprenticeship, regardless of the payment frequency (monthly, weekly, daily, etc.). However, what type of
EPF Contribution Guidelines: Employee Definition & Contribution Obligations
Definition of an Employee An employee is anyone employed under a contract of service or apprenticeship, whether written, oral, expressed, or implied, excluding individuals listed in the First Schedule of