Blogs

Capital Gain Tax on Disposal of Unlisted Shares

Current Treatment Tax on gains from the disposal of real property and shares in real property companies is imposed under the Real Property Gains Tax Act 1976 at a rate of

2% Witholding Tax For Agents

2% Witholding Tax for Agents 1. Deduction Commission in monetary form only Rate: 2% on each cash payment at gross amount Remit the deduction to DGIR within 30 days New

E-Invoice Guideline (Version 2.1)

E-Invoice Guideline (Version 2.1) This e-Invoice Guideline (Version 2.1) replaces the e-Invoice Guideline (Version 2.0) issued on 29 September 2023. The key changes made to this Guideline please refer to  https://www.hasil.gov.my/media/iqzj1llk/irbm-e-invoice-guideline-version-21.pdf

What should company do when pay out commission to agent, dealer or distributor?

What should company do when pay out commission to agent, dealer or distributor? Company need to prepare and provide a copy of statement of monetary and non-monetary incentive payment to

E-Invoice Specific Guideline (Version 1.1)​

E-Invoice Specific Guideline (Version 1.1) This e-Invoice Specific Guideline (Version 1.1) replaces the e-Invoice Specific Guideline (Version 1.0) issued on 29 September 2023. The key changes made to this Guideline please

Tax estimation (Form CP204)

Tax Estimation and Submission of Form CP204 Pursuant to subsection 107C (7A) of the ITA: (i) Companies are required to submit Form CP204 by e-Filing from the Year of Assessment

Return of Employer (Form E)

Return Of Employer (Form E) What is Form E? Declaration report submitted by every employer to inform the IRB (LHDN) The number of employees The list of employee’s income details

Taxation Of Income From Employment On Board A Ship​

Taxation Of Income From Employment On Board A Ship Introduction 1.0 Seagoing Ship      1.1.1 Seagoing ship is not defined in the ITA. For the purpose of this PR,

Procedure Of Registering Company In Malaysia

Procedure Of Registering Company In Malaysia Company Type Company limited by shares Company limited by guarantee Company unlimited Company Features Company shall have name; One or more members; In the

Accountant vs Auditor

Accountants and auditors are both professionals who work in the field of finance and accounting, but they have distinct roles and responsibilities. Here’s a breakdown of the key differences between