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The Royal Malaysian Customs Department (RMCD / KASTAM) has launched a crucial initiative for all Malaysian businesses: the Voluntary Disclosure Programme 2.0 (VDP 2.0) for indirect taxes. This program presents a golden opportunity for companies to voluntarily declare any past underpayments or errors related to Sales Tax and Service Tax (SST) and receive a 100% […]
In a landmark move to solidify and advance Malaysia’s position in the global technology supply chain, the government has officially launched the National Semiconductor Strategy (NSS). This multi-phase, multi-year roadmap aims to attract high-value investments and transform the nation from a leader in assembly and testing into a powerhouse of integrated circuit (IC) design, advanced […]
Distributing dividends is a key way for a company to reward its shareholders for their investment and confidence. However, this process comes with an important administrative responsibility: the issuance of a Dividend Voucher. This document is more than just a simple receipt; it is a crucial piece of official documentation for both the company and […]
In a major step to strengthen corporate integrity in Malaysia, the Malaysian Anti-Corruption Commission (MACC) has begun to actively enforce Section 17A of the MACC Act 2009. This provision on Corporate Liability places a significant new responsibility on the shoulders of company directors and senior management. Under this law, a commercial organisation can be prosecuted […]
With the nationwide implementation of e-invoicing, many individuals and businesses are asking how this new system affects donations and contributions to charities and other organisations. Do you need an e-invoice for a donation? Is the charity required to issue one? The answer, according to the latest LHDN guidelines, is: it depends entirely on whether the […]
The nationwide implementation of e-invoicing is more than just a technological shift; it represents a fundamental change in how the Inland Revenue Board of Malaysia (LHDN) will assess and audit businesses. For the first time, LHDN will have a near real-time view of your company’s core financial transactions. This new level of transparency means the […]
In a significant effort to boost Malaysia’s economic footprint in the region, the Ministry of Investment, Trade and Industry (MITI) has just announced the launch of the “SME Export Acceleration Programme 2025”. This new, targeted initiative is designed to equip ambitious local Small and Medium Enterprises (SMEs) with the tools, knowledge, and financial support needed […]
As Malaysia moves towards a full-scale digital economy, the mandatory implementation of the national e-invoicing system is transforming how businesses transact. Governed by the Inland Revenue Board of Malaysia (LHDN), this new framework is designed to enhance tax administration efficiency, and compliance is no longer optional. For many business owners, this transition can seem daunting. […]
The Inland Revenue Board of Malaysia (LHDN) has recently intensified its focus on the legal requirement for stamping employment contracts. While this has always been part of the Stamp Act 1949, many employers are now seeking clarity on the process, deadlines, and recent announcements regarding exemptions. This comprehensive guide, based on the latest LHDN FAQ, […]
With the nationwide rollout of e-invoicing in Malaysia, one of the most common questions puzzling both employers and employees is: “How do we handle employee expense claims?” When an employee pays for something out-of-pocket, who should the e-invoice be issued to—the employee or the company? Getting this wrong can lead to compliance issues and complications […]