Malaysia Continues to Remain an Optimistic Investment Destination Among Investors The outlook for Malaysia’s economy is still looking good, despite recent uncertainties surrounding the global economy and recent issues related to the US-China trade talks. Despite the challenges, Malaysia’s economy experienced a growth in Q1 of 2019, with a 127% rise in approved investments. The…
Change of LHDN’s Hasil Care Line Number The Inland Revenue Board of Malaysia (LHDN) has announced a change in its contact number for its Hasil Care Line (HCL) effective 16 May 2019. Customers who wish to contact LHDN may be so at the numbers provided above. For any concerns or queries relating to LHDN or other…
Submission of Estimated Tax Payable via E-filing in Malaysia for Year of Assessment 2018 The Inland Revenue Board of Malaysia (IRBM) has announced that in accordance with subsection 107C (1A) 107C (7A) of the Income Tax Act 1967 (ACP 1967), every company taxpayer is required to submit an Estimated Tax Payable (Form CP204) and Budget…
MIDA’s Launched I-Services Portal The Malaysian Investment Development Authority (MIDA) recently launched their i-Services Portal, connecting local service provides with potential clients both locally and abroad. MIDA’s new i-Services portal, accessible MIDA’s website, acts as a business platform link with three primary objectives: To help facilitate the linkage programmes run by MIDA and other agencies.…
Public Holidays in Sabah for 2019 Dates of the Sabah Public Holiday 2019 In 2019, there will be 23 public holiday dates and 53 weeks in 2019 to take note: Note: Any holidays that fall on a Sunday will be replaced the following Monday. Click here for more information from sabah.gov.my original release which…
Public Holidays in Sarawak for 2019 Dates of the Sarawak Public Holiday 2019 In 2019, there will be 23 public holiday dates and 53 weeks in 2019 to take note: Note: Any holidays that fall on a Sunday will be replaced the following Monday. Click here for more information from sarawak.gov.my original release which…
Public Holidays in Terengganu for 2019 Dates of the Terengganu Public Holiday 2019 In 2019, there will be 20 public holiday dates and 53 weeks in 2019 to take note: Note: Any holidays that fall on a Sunday will be replaced the following Monday. How Many Long Weekends in Terengganu 2019? Answer: There…
Public Holidays in Selangor for 2019 Dates of the Selangor Public Holiday 2019 In 2019, there will be 22 public holiday dates and 53 weeks in 2019 to take note: Note: Any holidays that fall on a Sunday will be replaced the following Monday. Click here for more information from selangor.gov.my original release which…
Singapore Income Will Not Be Taxed – The Statement of Inland Revenue Board of Malaysia The Inland Revenue Board of Malaysia (Lembaga Hasil Dalam Negeri Malaysia or LHDN) released a statement addressing the confusion over the revenue received from Singapore and the basis of determining resident status for purposes of imposition income tax. Generally taxable…
Know All Public Holidays in Malaysia 2019 for Managing Staffing and Business Do you run a business in Malaysia? If you’re an employer, then keeping tabs on the upcoming public holidays in Malaysia is essential to managing staffing and business expectations. Knowing the upcoming public holidays in Malaysia will give you a heads up so…