Foreigners Registering Sdn Bhd in Malaysia: 7 Requirements
Malaysia allows 100% foreign ownership of an Sdn Bhd in most sectors. Here are the 7 SSM requirements to set up company in Malaysia as foreigner in 2026.
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Imported Products Purchased Online to Have Sales Tax
Imported Products Purchased Online to Have Sales Tax Imposed All imported products that are purchased online in Malaysia will soon have a sales tax imposed. This applies to all low-value goods (LVG) imported into the country. With the Sales Tax (Amendment) Bill 2022, Malaysians can expect to pay approximately 10% in sales tax. Dewan Rakyat…
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Tax Exemption for the Sale of New Vehicles Could Be Extended in Malaysia
Tax Exemption for the Sale of New Vehicles Could Be Extended in Malaysia The Malaysian Government is contemplating an extension of the tax exemption for new vehicles in a bid to assist the automotive industry. Many industries have struggled during the Covid-19 pandemic. The automotive industry was one of them that faced multiple challenges during…
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Finance Minister: Plans to Reinstate GST Are on the Way
Malaysia’s Finance Minister: GST for the Better? As the Minister of Finance, Zafrul stresses that fiscal reforms are imminent for increasing expenses. The COVID-19 pandemic heavily dampened the government’s revenue; he notes that Malaysia’s direct burden is about to exceed RM1 trillion in 2022. Therefore, requiring more productive debt-paying to sustain the slow economic growth. …
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Tree Planting at Taman Tugu on October 2019
Tree Planting Day at Taman Tugu on October 2019 Kuala Lumpur is a metropolis of skyscrapers and tall buildings. But, with pockets of green lungs within the Klang Valley vicinity, those living and working in the concrete jungle that is Kuala Lumpur can turn to the vast greenerys of Taman Tugu. Volunteers of all sorts…
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The Enlarged Scope of SST Malaysia
Is The Sales and Service Tax SST Malaysia Here To Stay? According to economists, the Sales and Service Tax (SST) Malaysia is here to stay because going back to Goods and Services Tax GST Malaysia just after it has been abolished will be harmful to businesses. While the SST Malaysia resulted in a lower burden…
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