Malaysia SST Custom Beginning from 1 September 2018, the Sales and Service Tax Malaysia, also known as SST Malaysia administered by the Royal Malaysian Customs Department (RMCD) will come into effect. The SST system is replacing the previous Goods and Services Tax (GST) which was implemented at a 6% rate in Malaysia. The SST system…
With the Sales Tax Looming, Is Malaysia’s Budget Goals Still Possible? It Is, But Experts Warn That There Will Still Be Challenges What is the future looking like for Malaysia with the Sales and Services Tax (SST) on the horizon? While the government may be unlikely to miss its targeted deficit cuts, removing the…
No More RM 50 Minimum Voluntarily Contribution Amount for EPF Savings While Malaysians start to realize the importance of retirement planning and the benefits of early retirement savings, the Employees Provident Fund (EPF) has come up with good news by scrapping the minimum RM 50 contribution amount for voluntary contribution. A Closer Look at…
What You Need to Know About Registering a Sdn Bhd Company in Malaysia Planning to start your very own business in Malaysia? Then this guide on how to register Sdn Bhd company in Malaysia is exactly what you are going to need as you get started on incorporating your very first company in Malaysia. …
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…