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As businesses across Malaysia adapt to the mandatory e-invoicing system, a common operational challenge has emerged: What do you do when the other party in a transaction—be it a member of the public, a foreign entity, or a government body—does not have or provide a Tax Identification Number (TIN)? Since the TIN is a mandatory […]
In a major policy shift affecting high-income individuals, the Malaysian government has introduced a new tax on dividend income, effective from the Year of Assessment (YA) 2025. This move modifies the long-standing pure single-tier tax system. Under the new rule, dividend income received by individuals exceeding RM100,000 will now be subject to an additional 2% […]
With the nationwide implementation of e-invoicing, a critical question for many Malaysian businesses is: “How do I handle transactions with my international suppliers and customers?” The standard e-invoicing process applies between two Malaysian entities, but the rules are different for cross-border trade. The Inland Revenue Board of Malaysia (LHDN) has released specific guidelines to clarify […]
A common question for company directors and investors alike is, “Do I need to pay income tax on the dividends I receive?” For years, Malaysia’s tax system has been designed to prevent the double taxation of company profits, but recent discussions around tax reforms have brought this topic back into focus. Based on the latest […]
While Malaysia’s e-invoicing system offers conveniences like issuing a “consolidated e-invoice” to summarize multiple B2C transactions, this is not a universal rule. The Inland Revenue Board of Malaysia (LHDN) has specified eight key industries and transaction types where consolidation is strictly prohibited. For these specific cases, businesses are legally required to issue a separate e-invoice […]
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% […]
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 […]
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 […]
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. […]