by Cheng & Co | Oct 30, 2021 | Incentives & Recovery, Tax
Executive Summary Dear Reader This unprecedented COVID-19 has presented us with new challenges, particularly in public health and economic management. Although 2021 was expected to be a recovery year, the impact of the pandemic still lingers on and delays the nation’s...
by Cheng & Co | Aug 10, 2021 | Tax
In this article, we will share about the latest tax hot alerts. There are a total of 17 tax components that business should alert with. Kindly scroll down to find out further details! 1. Road tax, motor vehicles insurance, repair and maintenance for non-company...
by Cheng & Co | Apr 9, 2021 | Cheng & Co News Update, Information, Tax
WHAT IS INDUSTRY EXPANSION IN HRDF? Mandated by the Government of Malaysia in 11th Malaysia Plan (RMK-11) under Strategic Thrust 5 – Focus Area C: Strengthening the Lifelong Learning for Skills Enhancements where the access to Human Resource Development Fund...
by Cheng & Co | Mar 19, 2021 | Incentives & Recovery, Tax
Strategic Programme to Empower the People and the Economy (PEMERKASA), comprises a total of 20 strategic initiatives in accelerating economic growth, and strengthen the country’s competitiveness where the focus is on attracting investments, boosting external trade and...
by Eugene Lim | Mar 12, 2021 | Tax
Malaysia’s Human Resource Development Fund (HRDF) has confirmed the expansion of the HRD levy exemption for new registrants. Employers of the new sectors are now given an exemption of HRD levy for three months starting from 1 March 2021 under the PSMB Act 2001....
by Cheng & Co | Feb 4, 2021 | Incentives & Recovery, Tax
The Government has initially introduced special tax deduction on cost of renovation incurred from 1 March to 31 December 2020 in the first economic stimulus package announced by our former Prime Minister, Tun Dr. Mahathir Mohamad on 27 February 2020. This initiative...
