2026 Belanjawan Key Highlights
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The 2026 Malaysian Budget has been officially unveiled. Despite global economic uncertainty and geopolitical tensions, the government continues to adhere to the “Prosperous Economy” framework, [...]
Tag: ImportantNews
Attention CP500 Taxpayers: Instalment Amount Can Be Revised by 31 October
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Important Reminder for Malaysian Taxpayers: Taxpayers who have received a CP500 Notice — take note! If your estimated income has changed, you may submit the [...]
Shares Allocation & Shareholder Agreement
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When incorporating a company in Malaysia, one of the most important questions entrepreneurs face is: how should shares be allocated. A well-planned equity structure not [...]
Even in Loss, Your Business May Still Be Taxable In The Following Situation!
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Company Losses ≠ Tax Exemption! Even when a business is operating at a loss, the following situations may still be taxable 1. Bad Debt Written [...]
Types of Income and Expenses Exempted from e-Invoice in Malaysia
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As Malaysia transitions towards nationwide e-Invoice implementation in 2024/25, the Inland Revenue Board of Malaysia (IRBM) has outlined specific categories of income and expenses that [...]
New U.S Tariff Policy Takes Effect
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To boost the domestic industry, the United States has announced new tariff hikes on various imported goods: Branded or patented pharmaceuticals: 100% tariff, with exemptions [...]
Tax Treatment of Entertainment Expenses
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According to Income Tax Act 1967, Section 39(1)(l) and LHDN Public Ruling No. 3/2008 & 4/2015: Not all entertainment expenses are deductible. -In general, entertainment [...]
Hiring certain employees qualifies for a Double Deduction
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In Malaysia, hiring certain employees qualifies for a Double Deduction: -Senior employees: aged 60+, full-time, monthly salary ≤ RM4,000 -Interns: TalentCorp MySIP certified, allowance ≥ [...]
【Beware of AI Ghost Call Scams ! 】
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Scammers are now spoofing phone numbers and staying silent when you answer. The moment you speak, AI needs only 5 seconds of your voice to [...]
Essential Documents for Importing Goods into Malaysia
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When importing goods into Malaysia, having the required documents prepared is the key to smooth customs clearance. Depending on the type of goods, different certificates [...]
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