Unlawful dismissal and what you should know

Unlawful Dismissal and What You Should Know

Unlawful Dismissal and What You Should Know Though the concept of unfair dismissal or unlawful termination is not new in Malaysia, there have been numerous misconceptions about it. Though there has been increased awareness about the rights of employees in Malaysia, many still remain unclear. Below are several salient points on the matter.   Limitation…

Public Holidays in Malaysia for 2018

Public Holidays in Malaysia for 2018

A Guide to Public Holidays Celebrated in Malaysia for the Year 2018 This guide contains a comprehensive list of all the public holidays in Malaysia for 2018. The dates may be subject to modifications as changes. It is advisable to check back regularly for announcements regarding the public holidays. Employers should take note of the…

MASB Announces Amendments

MASB Announces Amendments

MASB Announces Amendments The Malaysian Accounting Standards Board (“MASB”) recently announced certain amendments to the MASB approved accounting standards for application in relation to financial statements. These statements are those prepared or lodged under any law administrated by the Securities Commission of Malaysia, Bank Negara Malaysia or the Registrar of Companies: Long-term Interests in Associates…

3E Accounting Newsletter

E-Newsletter December 2017

Dear Reader, E-Newsletter December 2017 The world is changing and lifestyles are fast changing. Earlier this, Malaysia has seen a prosperous growth in economic performance. The World Bank has revised Malaysia’s gross domestic product (GDP) growth forecast for 2017 from 4.9% to 5.2% in June, while the World Bank had previously forecast Malaysia’s economy to…

Exemption from Withholding Tax for Services

Exemption from Withholding Tax for Services rendered and performed outside Malaysia

Exemption from Withholding Tax for Services rendered and performed outside Malaysia Effective 6 September 2017, the Government through the Income Tax (Exemption) (No.9) Order 2017 (P.U. (A) 323) dated 23 October 2017, exempts non-resident person from payment of income tax in respect of income from services which are rendered and performed by the person outside…