Malaysia’s GST vs SST – Knowing the Difference The Sales Tax in Malaysia was a federal consumption tax that was introduced and implemented on a wide variety of goods and governed by the Sales Tax Act 1972. The Service Tax was governed by the Service Tax Act 1975, and this was also a federal consumption…
A Guide to EPF Withdrawals in Malaysia The Employees Provident Fund (EPF) is the federal statutory body under the Ministry of Finance. The fund manages the compulsory savings plan and retirement planning for workers who are employed in the private sector in Malaysia. This is a mandatory requirement for Malaysian citizens, and voluntary for non-Malaysian…
General Data Protection Regulation (GDPR) – the EU Data Protection Compliance The enforcement of European Union’s new data protection law – General Data Protection Regulation (GDPR) has not only reshaped the data protection landscape in EU, but also has an impact outside of Europe, especially for companies that do business in the EU (even if…
Former Malaysian Prime Minister Makes Historic Return Malaysian prime minister Mahathir Mohamad created history when he became the world’s oldest political leader after claiming a shock victory in the nation’s recent general election. He is also the country’s longest-serving Prime Minister in Malaysia after previously holding the office from 1981 to 2003. The 92-year-old was…
What Is the Process for Setting Up a Small Business in Malaysia? Starting a new business is something many people have considered; some have taken the leap, while others have chosen to remain in their jobs due to the stability and sense of security that come with a steady paycheck each month. But if you…
How to Start a Business in Malaysia If starting a business in Malaysia is something you’ve always had on your mind, there’s no better time than right now to do it. And when you are ready to begin your new venture, the first thing you’re going to be thinking about would be where should I…
IT Companies in Malaysia Malaysia was generally known as a country focused on plantation, for the most part. Palm oil and rubber were the country’s major exports and the nation was highly dependent on these commodities. But in 1991 the former Prime Minister of Malaysia, Datuk Seri Dr. Mahathir bin Mohamad initiated Wawasan 2020 during…
XBRL in Malaysia Extensible Business Reporting Language, which is also known as XBRL, is an electronic language designed to enable the automation of business information requirements, i.e. the preparation, sharing and analysis of financial reports, statements, and audit schedules. Governments, regulators, and other organisations in many nations have adopted XBRL as it automates the process…