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Malaysia’s Sales and Service Tax (SST) system is made up of two distinct parts. We have often discussed Service Tax, which applies to services. Today, let’s focus on the other half: Sales Tax. A common misconception is that this tax is applied at every stage of a product’s journey. However, the reality is much simpler. […]
In a recent announcement that brings significant relief to many small and medium enterprises (SMEs), the Ministry of Finance Malaysia has introduced two major updates to the Service Tax (SST) framework. These changes are aimed at lightening the tax burden on small businesses affected by the recent expansion of the SST scope. The two key […]
For Malaysian businesses seeking to raise capital for a specific venture, options like bank loans or issuing new shares are well-known. However, there is another regulated pathway that allows companies to pool funds from the public for a common enterprise: the Interest Scheme (Skim Kepentingan). Governed by the Companies Commission of Malaysia (SSM) under the […]
In a major move to enhance corporate transparency and align with global anti-money laundering standards, the Companies Commission of Malaysia (SSM) has announced the upcoming launch of a mandatory digital Beneficial Ownership (BO) reporting system. The new electronic platform, expected to be rolled out in phases starting Q4 2025, will require all registered companies to […]
For businesses that are part of a larger corporate group, internal transactions are a daily reality. One company in the group might rent office space or equipment to another. The question is: do these internal “sales” need to be charged with the 8% Service Tax (SST)? The good news is that under specific conditions, they […]
For every business owner in Malaysia, one of the most critical aspects of managing company finances is understanding what you can—and cannot—claim as a tax-deductible expense. Correctly identifying allowable expenses can significantly reduce your company’s taxable income, leading to lower tax payments. However, the rules can be confusing. To provide clarity, this guide, based on […]
In a significant move to create more inclusive and family-friendly workplaces, TalentCorp Malaysia, in collaboration with the Ministry of Human Resources, has officially launched the new “Work-Life Grant 2025”. This initiative is designed to provide financial support and incentives for companies that implement and enhance Flexible Work Arrangements (FWA) and programs that support women’s participation […]
The Malaysian government has recently gazetted the Employees Provident Fund (Amendment) Act 2025, which introduces significant changes to the main EPF Act 1991. The primary focus of these amendments is to streamline, clarify, and consolidate the provisions related to non-Malaysian employees contributing to the EPF. For any company that hires or plans to hire foreign […]
For busy entrepreneurs and business owners in Malaysia, keeping track of the numerous monthly and annual statutory submission deadlines can be a significant challenge. Missing just one of these deadlines for EPF, SOCSO, LHDN, or SSM can result in costly penalties and unnecessary stress. To help you stay organized and compliant, we’ve created a comprehensive […]
While the e-invoicing system offers conveniences like issuing a “consolidated e-invoice” to summarize multiple transactions into one, this is not a universal rule. The Inland Revenue Board of Malaysia (LHDN) has specified certain industries and transaction types where consolidation is strictly prohibited. For these specific cases, businesses are required to issue a separate e-invoice for […]