Beyond Compliance, Grow Sustainably.
Beyond Compliance, Grow Sustainably.
What’s New in Malaysia SST 2025: Tax Rate Revisions & Service Scope Expansion In line with ongoing fiscal reforms, the Ministry of Finance has revised both the Sales Tax (SST) rates and the scope of Service Tax in Malaysia. These…
Download: Simplified Guide to the Transition of Sales and Service Tax Rate Changes Following our recent announcement on the hike in SST rate from 6% to 8%, effective from 1st March 2024 onwards, some of you may be unsure as…
You have been hearing from LHDNM, us, and many others telling you that proper TP documentation is crucial, and must be produced in a timely fashion (during the related party transaction). The thing is TP documentation is not easy to…
By Mr. Lam Kwai Soon, COO & Tax Managing Director, Cheng & Co Group of Companies Understanding the Special Voluntary Disclosure Programme 2.0 (SVDP 2.0) On 24 February 2023, the finance minister, Datuk Seri Anwar Ibrahim announced that Malaysia will…
Planning to shut down your company, Limited Liability Partnership, or Labuan Entity in Malaysia? Or possibly shifting your business out of the country? If so, it’s important to tie up all loose ends with Lembaga Hasil Dalam Negeri Malaysia (LHDNM).…
It begins with a brief introduction to e-filing, detailing, among other things, your responsibility as a taxpayer to file your tax returns, the deadline for e-filing, the different forms for e-filing, and the general steps in e-filing. LHDNM has released…
What is the 2023 individual income tax rate in Malaysia? Chargeable Income (RM) Current Tax Rate (%) Proposed Tax Rate (%) 0 – 5,000 0 0 5,001 – 20,000 1 1 20,001 – 35,000 3 3 35,001 – 50,000 8…
Learn about the submission deadlines, penalties and other important details about important tax filing forms for employers in Malaysia.
Until 28.02.2023, you can still use manual CKHT Form 502 to generate your Bill Number. After then, you'll need to use e-CKHT to generate the needed form in order to be able to make payments.
Introduction Perhaps you haven’t heard of a capital statement. Recently, LHDN requested many individuals (many of them were directors and chief executives like yourself) to complete and submit immediately two forms, CP102 (Statement of Personal and Private Expenses) and CP103…
