Tax Compliance for Dormant and Newly Incorporated Companies in Malaysia In Malaysia, corporate tax compliance applies to all companies regardless of their operational status, making it essential for both dormant and newly incorporated entities to understand their obligati... Business Dormant Newly Incorporated Sole Proprietorship Tax Jun 13, 2026 Dormant
Unlock Tax Savings: Your Ultimate Guide to Child-Related Deductions in Malaysia 1. Child Tax Deductions: Employees can claim tax deductions for children under their care. These deductions reduce the employee’s chargeable income and their Monthly Tax Deduction (PCB). A “child” is ... Individual Sole Proprietorship Jun 3, 2026 Tax
Understanding Tax Exemption Restrictions in Malaysia As a taxpayer in Malaysia, it’s essential to grasp the nuances of tax exemptions. Here are key insights to help you navigate the complexities: 1. Control over employer : If you wield influence over yo... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Jun 3, 2026 Tax
Malaysian Tax Return Filing: Key Guidelines and Exemptions Income threshold: If your annual income (after EPF deduction) is at least RM 34,000, you are generally required to submit a tax return. Exemptions: However, exemptions apply under specific conditions.... Individual Sole Proprietorship Jun 3, 2026 Tax
How to Obtain Your Income Tax Number in Malaysia Check if you already have an income tax number: If you were previously employed, it’s possible that you already have an income tax number. To verify this, contact the LHDN (Inland Revenue Board) at th... Individual Sole Proprietorship Jun 3, 2026 Tax
How to Submit Form E in Malaysia: A Comprehensive Guide Submit Form E via e-Filing Log in to MyTax: Visit the MyTax portal. Access ezHasil Services: Click on “ezHasil Services” (located at the top left). Select e-Filing: Find “e-E” at the bottom of the scr... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Jun 3, 2026 Tax
Understanding Employee Benefits: Benefits-in-Kind vs. Perquisites When it comes to employee compensation, understanding the nuances of benefits is crucial. In this article, we delve into two key categories: Benefits-in-kind and Perquisites (commonly known as “perks”... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Jun 3, 2026 Tax
How to Calculate the Value of Living Accommodation for Employees: A Comprehensive Guide Providing living accommodation to employees is a common practice, but understanding its value is crucial for both employers and employees. In this guide, we’ll explore how to determine the value of li... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Jun 3, 2026 Tax
Never Miss a Deadline: A Complete Overview of EPF, SOCSO, and PCB in Malaysia EPF: Employers must make contributions by the 15th of the following month. If contributions are made later than that, interest will be charged for late payment of contribution. The interest rate impos... Company Limited Liability Partnership Partnership Sole Proprietorship Dec 13, 2023 Payroll
Employment (Amendment) Act 2022: Key Changes to Malaysian Employment Law The Employment (Amendment) Act 2022 came into effect on January 1, 2023. The act has made several changes to the Employment Act 1955, which applies to all employees except for those who were previousl... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Dec 13, 2023 Payroll
Overtime Pay in Malaysia: Guidelines and Calculation Methods under the Employment Act The Employment Act in Malaysia provides guidelines for overtime pay. The minimum daily rate of pay for overtime calculations should be monthly wages divided by 26. However, employers can choose any ot... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Dec 13, 2023 Payroll
How to Calculate Ordinary Rate of Pay and Rate of Pay for Work Done Outside of Normal Hours of Work in Malaysia If you’re an employer or employee in Malaysia, it’s important to understand how to calculate the ordinary rate of pay and rate of pay for work done outside of normal hours of work. According to the Em... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Dec 13, 2023 Payroll