3E Accounting Malaysia Blog

Individual Income Tax in Malaysia Malaysia has a tax-friendly environment, even for expatriates, or expats. With the MM2H visa, which is the most popular visa issued for expats, you may open an account anywhere in the country. You can bring in an unlimited amount of money without tax. That is why the expatriate’s individual income…

Learn from the Experts on How to Sustain the Malaysian Tax System Tax agents are essential to the tax system because they are beneficial to the authorities aside from being client advocates. Their role in sustaining the Malaysian tax system is more challenging now. The good thing is that they can cope with the times.…

Malaysian Tax Offences Should be Avoided Business owners and individuals usually have several ways to complete transactions that get taxed. By doing tax planning, they can evaluate different options they should conduct business and personal transactions. The purpose of this is to eliminate or lessen their tax liability. This is not the same as tax…

Get the Essentials of the Malaysia Taxation System Malaysia has had tax ever since it was under the British colonisation era. It was known as the Income Tax Ordinance 1947. It was later replaced by the Income Tax Act (ITA) 1967. Like many other nations, collected tax assists in the nations’ development for the benefit…

Capital Allowances in Malaysia and Their Impact on Taxation Taxation is one of the most gruelling tasks in business. Aside from the tax laws continually updating, it also has many inclusions and exclusions you have to remember. As such, it is always good to research and update your knowledge about business taxation. This article talks…

Understanding Employment Income in Malaysia for Easier Taxation Taxation is a very complex work. It is even more complicated if we do it without understanding what we are working on. If you are an employed individual with high enough compensation, you will probably pay taxes from your salary. If you yet barely understand the taxation…

7 Key Accounting Skills Every Accountant Should Possess Accountants analyze and prepare financial reports for the company and stakeholders. They play an important role in assessing company position and performance. And this role entails precision, analytical skills, and strong ethics. This article outlines key accounting skills every accountant should possess. This is to help you…

Effective and Efficient Management of the Accounts Payable Process Management of the accounts payable process is one of the most important activities in business. You should pay what you owe to others, but ensure that this is done effectively and efficiently. Accounting and finance practices give out the concepts of what should be the most…