The Procedure for the Filing of Income Tax Return Forms Based on Unaudited Accounts As of 4 August 2017, Malaysia’s SSM (Suruhanjaya Syarikat Malaysia) has issued Practice Directive No. 3/2017. This directive was named Qualifying Criteria for Audit Exemption for Certain Categories of Private Companies. Under this directive, dormant companies, threshold-qualified companies and zero-revenue companies…
Learn the Steps on How to Start an Online Business to Increase Your Income The digital world is now taking a different shape, with many individuals getting into the online business. The rise of e-commerce platforms has been increasing significantly in the past years. This, as more people are finding it more convenient to purchase…
Simple Steps to Starting a Business You Need to Put Into Consideration If you put your mind into that brilliant business idea and work around it, you’re bound to succeed. But that does not happen without sheer determination and perseverance. And so, you must understand the steps to starting a business as it makes your…
Planning to Set Up a Business but Not Sure Where to Begin? Before you get down the lane on how to set up a business, you must remember that behind every great success story lays a purpose. You must identify it, envision it in your mind and embark on a fierce brainstorming on how to…
MACC Launches Guidelines on Adequate Procedures The new Guidelines on Adequate Procedures will take effect from 1 June 2020, and is expected to prepare commercial organisations for the future. The guidelines were issued pursuant to subsection (5) of Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (Act 694) (MACC Act 2009). This was stated…
Dear Valued Clients, Welcome to our E-Newsletter January 2019 As always, the year creeps up on us. It is the time of the year that we reflect on ourselves as individuals and as a collective – how far we have come and how we have performed over the year. Another Year of Achievements for…
Amendments to DG’s Decision 1/2018 & 3/2018 by the Royal Malaysian Customs Department The Royal Malaysian Customs Department has made amendments to the DG’s Decision for 1/2018 and 3/2018. The amendments affect the areas of tax invoice issuance, and submission of the goods and services tax return. Amendments to the Issuance of Tax Invoice…