Key Highlights

A snapshot of what’s happenings that is important for you and your business.

Micro SMEs with annual earnings under RM150,000 are exempt from e-invoicing – Amir Hamzah

KUALA LUMPUR: Finance Minister II Datuk Seri Amir Hamzah Azizan stated that MSMEs with annual earnings below RM150,000 are not required to issue e-invoices. “For now, traders with yearly sales u…

How to Optimize Your Business Cash Flow: Tips for Malaysian Entrepreneurs

Managing cash flow effectively is crucial for the success and sustainability of any business. For entrepreneurs in Malaysia, optimizing cash flow can help ensure smooth operations, facilitate growth, …

How Forensic Auditing Detects Financial Fraud: Case Study Insights

Forensic auditing has become an indispensable tool in the detection and prevention of financial fraud, particularly in Malaysia, where regulatory changes and increasing corporate governance demands re…

How Accurate Financial Reporting Can Improve Business Decision Making

In the dynamic world of business, making informed decisions is crucial for success and growth. One of the key elements that enable informed decision-making is accurate financial reporting. Accurate fi…

High Court Ruling: Etiqa Family Takaful Berhad & Etiqa General Insurance Berhad v. DGIR

Overview of the Case In a recent ruling, the High Court (HC) made a significant decision in the case of “Etiqa Family Takaful Berhad & Etiqa General Insurance Berhad v. Director General of I…

Business Financing in Malaysia: Opportunities and Challenges

Malaysia, a vibrant economy in Southeast Asia, offers a myriad of opportunities for business financing, catering to various types of enterprises, from startups to large corporations. The Malaysian gov…

Local Companies Urged to Implement Global e-Invoice Solutions

Bernama- Local businesses that want to increase their global market presence are advised to be part of global e-invoicing solutions such as Pan-European Public Procurement On-Line (Peppol) when Malays…

LHDN has no plans to extend the validity period of e-invoices or provide education to SMEs

The Inland Revenue Board (LHDN) has no intention of extending the enforcement period for the electronic invoicing system (e-invoice), set to be fully operational by July 1, 2025. According to its Chie…

90 companies agreed to participate in the e-invoicing pilot project

The Inland Revenue Board of Malaysia (LHDN) plans to initiate a pilot project for an electronic invoice (e-invoice) system involving 90 companies starting next May, an increase from the previous 50 co…

Easily access the SDK for e-Invoicing for smooth development integration

The Government is taking action to bolster the digital economy by progressively introducing e-Invoicing, aiming to enhance tax administration management efficiency in Malaysia. This initiative aligns …

e-Invoicing: Important facts for Malaysian SMEs

Some key points about the introduction of e-Invoicing for Malaysian companies Malaysia’s new e-invoicing system will combine different ways of reporting taxes across the country into one easy sy…

What people are asking? e-Invoicing : Frequently Asked Questions (FAQs)

Lets run through some of the most asked questions about e-Invoicing in Malaysia. The IRBM has postponed mandatory e-invoicing in Malaysia from June to August 2024. Despite detailed guidelines, busines…

YA 2022 individual tax relief claims summary

Some amendments in tax reliefs have been made for YA 2022, and there are new additions introduced too. Claiming these incentives can help you lower your tax rate and pay less in overall taxes.

Return Form Filing Programme for 2023 can now be accessed via HASiL portal

The Inland Revenue Board (IRB) Return Form (RF) Filing Programme for 2022 is now available on HASiL official portal as a reference for taxpayers to submit their return form.

Bank Negara surprises market, maintains OPR at 2.75%

Bank Negara’s Monetary Policy Committee (MPC) surprised the market by maintaining the overnight policy rate (OPR) at 2.75%.

Putrajaya eases rules on the hiring of foreign workers

Employers will now be allowed to bring in foreign workforce from 15 source countries based on their capability and need, without needing to fulfil the previously imposed conditions for hiring and quot…

New tax: From April 2023, Malaysians to pay extra 10pc for online overseas shopping below RM500

A 10% sales tax will be imposed on ‘low-value goods’ priced less than RM500 which are sold online and delivered from overseas to customers in Malaysia.

AdrianYeo wishing you Happy Chinese New Year

Ushering in the Year of the Rabbit with our annual CNY celebration with the team. AdrianYeo wishing everyone longevity, peace, and prosperity in this new Rabbit year. Gong Xi Fa Cai!

Budget 2023: Income tax cut by two percentage points for RM50,000-RM100,000 taxable range

The personal taxation rate will be reduced by two percentage points on taxable income ranging from RM50,000 to RM100,000 for domiciled individuals.

Report: IRB blacklists 186,346 from international travel over RM12.9b tax arrears

KUALA LUMPUR, Sept 13 — A total of 186,346 individuals have reportedly been blacklisted from international travel for failing to pay income tax, real estate tax or corporate tax involving RM12.9 billi…

When the global minimum corporate tax takes effect in 2023 …

MALAYSIA has agreed to participate in implementing the global minimum corporate tax of 15% from 2023. This will only apply to the large multinational enterprises (MNE) and Malaysian conglomerates whos…

Time to reassess financing needs

Businesses will have to reassess their financing needs to accommodate rising demand following the relaxation of restrictions as Malaysia shifts to endemicity. Bank Islam Malaysia Bhd chief economi…

Funding for cooperatives to help enhance food production, reduce rising prices

The government will allocate RM100 million from Bank Negara Malaysia's Agrofood (funding) Facility to the Malaysia Co-operative Societies Commission (MCSC) to raise food production and help reduce the…

MyDigitalWorkforce Work in Tech (MYWiT) 

Accelerate your hiring for Local Digital Talents Now! The government of Malaysia is providing Training & Salary Incentive for companies and investors to hire and train local digital talents to expand …

JaminKerja Program – Employment Incentives

JaminKerja Program – Employment Incentives is a financial incentive given to employers who make new hires from 1 January 2022 among apprentices, graduates, vulnerable groups including the disabled, ex…

New Minimum Wages Order effective 1 May 2022; employers with less than 5 employees exempted

The Minimum Wages Order 2022 (“the Order”) was gazetted on 27 April 2022. The Order, pursuant to section 23 of the National Wages Consultative Council Act 2011, increases the minimum wage nationwide t…

Malaysian Banks to face tightening in funding conditions in 2022

KUALA LUMPUR: Malaysian banks are expected to face some tightening in funding conditions in 2022, said Bank Negara Malaysia (BNM).

RM40b Semarak Niaga programme to increase financing access for business sector — PM

KUALA LUMPUR: The RM40 billion Semarak Niaga Keluarga Malaysia Programme launched on Monday (Feb 21) will increase the business sector’s access to financing, especially for micro, small and medium ent…

BNM establishes new financing facilities under its Fund for SMEs

KUALA LUMPUR – As announced during the Budget 2022 speech by the Minister of Finance, Bank Negara Malaysia (BNM) will introduce two new facilities under BNM’s Fund for SMEs. Applications to these faci…