Dear Reader, Welcome to our E-Newsletter October 2016 It’s time for new updates and interesting news again! What do we have for you this month? Needing any global reach? If you are looking at business expansion or reaching out to people globally, yes, we could assist you even better now. During the month, we…
Hire illegals and we will freeze assets, warns Immigration On 13 September 2016, DG says Immigration Dept will start using full provision of law to punish employers who flout law by hiring and protecting illegal foreign workers. Pointing to a provision under Section 56(1) of the Immigration Act, the department’s director-general Mustafar Ali said the…
Reminder for register online business with SSM Many people dabble in business online to supplement their income, but did not register company or business with the Companies Commission of Malaysia (SSM) to avoid Inland Revenue Board queries. This is an offence punishable under the Registration of Businesses Act. For those who make use of social…
3E Accounting Malaysia Earns Recognition as a Top Industry Player in Malaysia Malaysia Brand recognises 3E Accounting Malaysia as a top industry player in the country for incorporation and accounting services. 3E Accounting Malaysia made the headlines this week when Malaysia Brand recognised 3E Accounting Malaysia as a top industry player 2016 / 2017 in…
Customs Department to audit GST-registered firms from Sept 1 The Royal Malaysian Customs Department will launch the Customs Blue Ocean Strategy Operation (Ops CBOS) in phases from Sept 1 to audit companies registered for the Goods and Services Tax (GST). Director Datuk Seri Khazali Ahmad said that about 50,000 companies have been identified in the…
Dear Reader, Welcome to our E-Newsletter September 2016 Its another month again and we are eager to update you with the latest developments in our firm. We are glad to present you our newsletter for the month. August has been another eventful month for us yet again. We are striving steadily forward in our expansion…
Notification on GST 03 return amendment In accordance with Regulation 69 of the GST Regulation 2014, with effect from 23 August 2016, rules on return amendments are as follows: 1) there is no limit on return amendments until due date of submission of return. 2) amendments are allowed once within 30 days (for monthly taxable…
GST changes for Disbursement and Reimbursement The RMCD has issued the amendment to Decision by Director General No. 5/2015 in relation to disbursement and reimbursement. The above-mentioned document can be downloaded from the RMCD’s website at here. Related Link Overview of Goods and Services Tax (GST)
Tax Clearance Letter (SPC) Application for Companies, LLP and Labuan Entities This guideline specifies the method of Tax Clearance Letter (SPC) application for corporate taxpayers, LLP and Labuan entities (Labuan companies & Labuan LLP). Click here to download the guide. Related Link Corporate Tax Compliance & Planning Services
MASB issues amendments to Share-based Payment Standards The Malaysian Accounting Standards Board (MASB) has today issued amendments to MFRS 2 Share-based Payment with regards to classification and measurement of share-based payment transactions (the Amendments). The Amendments is word-for-word the Amendments to IFRS 2 issued by the International Accounting Standards Board (IASB). The Amendments provides specific…