A snapshot of what’s happenings that is important for you and your business.
Malaysia’s Service Tax expansion in 2025 introduced significant changes for businesses, particularly those operating under long-term contracts such as rental, leasing, maintenance, and construction ag…
LHDN’s e-Invoice Guideline Version 4.7, provides further refinement on specific e-Invoice treatment scenarios. This update is part of Malaysia’s continued effort to standardise e-Invoice implementatio…
In Malaysia’s corporate landscape, an Exempt Private Company (EPC) remains one of the most strategic business structures for closely held businesses. While EPCs offer greater confidentiality and light…
SSM has introduced a major update to audit exemption criteria in Malaysia — and this change is expected to benefit many SME’s. Through Practice Directive No. 10/2024, the new criteria will apply to fi…
Most SME owners are not anti AI or automation. You are practical, if it adds work without payoff, it will not stick. That is why accounting firms should treat AI, automation, and client experience as …
1. Inconsistence Financial Statement SMEs often run lean, so monthly reporting is inaccurate as the business catches up on invoices, cut-offs or late information. On its own, changing numbers does not…
These 4 deductions can quietly change your year end tax outcome if they are missed. 1 Bad debts 2 Capital allowance 3 Staff training costs 4 Withholding tax 1. Bad Debts Bad debts are one of the m…
The Royal Malaysian Customs Department has released Service Tax Policy (STP) No. 7/2025, outlining the service tax treatment for construction works services under Group L, First Schedule of the Servic…
In the realm of business, accounting is the backbone of financial health and compliance. However, even the most meticulous businesses can make errors that lead to significant financial repercussions. …
Financial statements are crucial tools for businesses of all sizes. They offer a comprehensive view of a company’s financial health, helping stakeholders make informed decisions. Here, we delve into t…
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…
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, …
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…
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…
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…
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…
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…
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…
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…
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 …
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…
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…
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.
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’s Monetary Policy Committee (MPC) surprised the market by maintaining the overnight policy rate (OPR) at 2.75%.
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…
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.
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!
The personal taxation rate will be reduced by two percentage points on taxable income ranging from RM50,000 to RM100,000 for domiciled individuals.
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…
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…
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…
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…
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 is a financial incentive given to employers who make new hires from 1 January 2022 among apprentices, graduates, vulnerable groups including the disabled, ex…
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…
KUALA LUMPUR: Malaysian banks are expected to face some tightening in funding conditions in 2022, said Bank Negara Malaysia (BNM).
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…
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…