Budget 2023
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Questions on Individual Income Tax Malaysia in 2023?
What is the 2023 individual income tax rate in Malaysia? Chargeable Income (RM)Current Tax Rate (%)Proposed Tax Rate (%)0 – 5,000005,001 – 20,0001120,001 – 35,0003335,001 – 50,0008650,001 – 70,000131170,001 –…
中小企业如何最好地利用大马2023年财算案
Date: 2023年3月11日（周六）
Time: 9.30AM – 12:00PM
Venue: Zoom Webinar
Language: 中文
The Best Use of Budget 2023 For SMEs
Date: 9 Mar 2023 (Thurs)
Time: 9.30AM – 12:00PM
Venue: Zoom Webinar
All You Need to Know About Budget 2023 Malaysia
All You Need to Know about Budget 2023 Your takeaways on Malaysia Budget 2023, tabled on 24 Feb 2023. Stay tuned for more updates (last updated 24 Feb 2023). No…
Do you know that, as Director of PLCs, you are required to attend The Mandatory Accreditation Programme Part II: Leading for Impact?
On 6 June 2023, The Securities Commission Malaysia (“SC”) and Bursa Malaysia had announced the roll out of a new mandatory onboarding programme on sustainability for members of Boards of…
Benefits of CA 2016 for Corporate Structure Planning to Avoid Dispute
In the past, under Companies Act 1965 (“CA 1965”), many people have the wrong perception thinking that one person controlling more than 50% shareholding in a Company, has the controlling…
Transfer Pricing Disputes: Protecting Your Business with Proper Documentation
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…
You should not miss considering to participate the Special Voluntary Disclosure Programme 2.0 (SVDP 2.0) of Malaysia
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…
Closing a Business in Malaysia: Essential Tax Documents to Secure from LHDNM
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…
LHDNM’s New Guidelines for E-Filing for YA2022
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…
Questions on Individual Income Tax Malaysia in 2023?
What is the 2023 individual income tax rate in Malaysia? Chargeable Income (RM)Current Tax Rate (%)Proposed Tax Rate (%)0 – 5,000005,001 – 20,0001120,001 – 35,0003335,001 – 50,0008650,001 – 70,000131170,001 –…
Avoid Penalties: Employer’s Ultimate Guide to Tax Filing Dates in Malaysia
Learn about the submission deadlines, penalties and other important details about important tax filing forms for employers in Malaysia.
Generate Your Bill Number for Real Property Gains Tax Payments vis e-CKHT Form 502
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…
Understanding Capital Statement Malaysia: LHDN’s initiative to assess personal tax
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…
2023 Malaysia Tax Submission Important Timeline
Remember to prepare your tax forms on time. File your companies, employers, individuals, partnership or association tax hassle-free with Cheng & Co Tax agents.
Settle Your Tax Installment Payment Before 15 January 2023
Since New Year 2023, LHDNM has a new e-Billing system, where you may generate your billings, and make payments. However, at this time, the system is currently experiencing technical difficulties,…
Tax Update 1 Jan 2023 on Bill Number & E-Billing
Since 1 Jan 2023, you’re required to accompany each direct tax payment made to LHDN with a bill number, to be generated by LHDN’s e-billing system, under MyTax. Under Login…
Updated Guidelines on Tax Treatment of Digital Currency Transactions on 26 August 2022
Since 2019, LHDN has made it clear that they are taxable in the document titled “Guidelines on Tax Treatment of Digital Currency Transactions”, with the latest version was released on…
Transfer Pricing for SMEs in Malaysia: Frequently Asked Quesion (FAQ)
We understand the pressures faced by SMEs when it comes to compliance with the Transfer Pricing Documentation. Common questions or beliefs floating around their mind would be: My companies do…
Transfer Pricing for SMEs in Malaysia: Common Misconceptions
Introduction Transfer Pricing (TP) is a worldwide issue. Currently, Malaysia’s TP legislation is based on the recommendations given in the OECD TP Guideline, which is also being applied in other…
Automatic Exchange of Information Regime
Automatic Exchange of Information Regime – a new international development on measures for combating cross-border tax evasions The recent Panama Papers scandals have exposed how the big multinationals and powerful…
How Internal and External Assurance Assist the Performance of Company.
Assurance Services Assurance processes involve many legacy compliances, and it is fairly unique. Hence, many company owners might feel confused about what exactly internal and external assurance are, and what…
COVID-19 – Key Takeaways & Response to Pandemic Risk for Businesses
As the global situation of the spread of the COVID-19 virus deteriorates, most multinational conglomerates are pursuing professional advice on the pandemic insurance policy. Many corporations in Malaysia are now…
Post MCO Series 2 – CMCO Extended To 9th June 2020, How Can You Increase Company Cash Flow
Malaysia Prime Minister Tan Sri Muhyiddin Yassin has just announced that Conditional Movement Control Order (CMCO) will be extended till 9th June 2020. A lot of you may have feel…
Post MCO Series 1 – What To Do For Business In Post-MCO?
Business operations are expected to be resume on 4th May 2020. What the businessman should do? Cheng & Co hereby list down the important things should handle immediately.
Powering On Through Trying Times
The whole world is under the cloud of COVID-19, more so Malaysia with the sudden spike in infection cases. With the government declaring a movement control order on 16 March…
What To Do Now? COVID-19 Survival Guide for SMEs
Nearly 10 days into the lockdown in Malaysia, the new cases of Covid is increasing but hopefully will go down by soonest. Some are saying the Government might extend the…
Responding To The Trade War
The Sino-US trade war is dominating headlines almost every day. It was made worse by the collapse of trade negotiations between the two countries last month. There are differing opinions…
Key challenges and barriers that hinders SMEs to go Public
The Challenges that SMEs faced when Listings Listing is the gateway for a company into capital market where funds can be raised for business development and expansion. Many SMEs in…
Enhance Finance Operations: Embracing Digitalisation Of Accounting
IN TODAY’S WORLD, BUSINESSES NEED TO EVOLVE QUICKLY TO ADAPT TO RAPID CHANGES IN THIS DIGITAL ERA. THE ACCOUNTING PROFESSION, SPECIFICALLY, HAS UNDERGONE MAJOR TRANSFORMATION IN RECENT YEARS. ONE OF…
Embracing Digitalisation Of Accounting For Better Finance Operations
IN TODAY’S DIGITAL WORLD, BUSINESSES NEED TO EVOLVE QUICKLY TO ADAPT TO RAPID CHANGES. THE ACCOUNTING PROFESSION, SPECIFICALLY, HAS UNDERGONE MAJOR TRANSFORMATION IN RECENT YEARS. ONE OF THE MAIN CHANGES…
Global Business Services: BPO in E-Commerce Industry
From Transition to Transformation Young and mobile entrepreneurs have adapted to the prevalence of money-making opportunities which is specifically internet or app-based, creating a modernize way of doing business…
Cloud Accounting To Boost GBS Studies
Malaysia’s Global Business Services (GBS) industry continues to enjoy solid upward growth and is expected to see greater gains this year. With this comes the need to nurture a highly…
EIS & SOCSO Contribution: A Guide for Employers in Malaysia
Like EPF contributions and MTD, Employers are also obliged to make deductions for SOCSO and EIS contributions on behalf of employees, in addition to making a small contribution to the…
EPF Contribution: Employer’s Obligations in Malaysia
EPF is a savings fund that private sector employees and employers in Malaysia are obliged to contribute monthly. Although employees’ contribution comes from their salaries, it is actually the responsibility…
A Guide to Monthly Tax Deductions (MTD) in Malaysia
Before monthly tax deduction (MTD) was introduced, it was the responsibility of employees to ensure that, whenever due, income tax is paid from their employment income. When MTD was introduced,…
Pay Rates for Extra & Normal Working Hours in Malaysia
Employment Act 1955 (Act 265) specifies the way in which one can calculate one’s ordinary rate of pay, and also that rate of pay for work done outside of normal…
Payroll Records for Payroll Calculations in Malaysia
Payroll documentation serves as sources for the figures used in payroll calculations. Even if you were to outsource your payroll processing, you still need to maintain payroll documentation for each…
Efficient Payroll Processing in Malaysia: A Comprehensive Guide
Many of you are in business, and your goal is to always maintain a great bottom line for your company. Unless your business is a one-person show, you must have…
The Impact of Blockchain on the Accounting Profession
Blockchain is known as Distributed Ledger Technology (DLT), a digital system that records asset transactions and their details in multiple locations simultaneously. It offers audit firms and accountants an opportunity…
Global Business Services: BPO in E-Commerce Industry
From Transition to Transformation Young and mobile entrepreneurs have adapted to the prevalence of money-making opportunities which is specifically internet or app-based, creating a modernize way of doing business…
Reflection on 23 Years of Leadership, Growth, and Passion for SME Success
For over 23 years, Amerie Kok has been at the helm of Cheng & Co Group, a leading accounting and professional services firm. Despite the challenges and changes over the…
Inspiring Women Leaders Of The Future
By Ms. Tay Lee Hoon, Head of Cheng & Co’s Women Leadership Centre Challenging Stereotypes: Women as Capable Leaders Despite persistent stereotypes and biases in certain parts of the world,…
The Connection Issue 1st Semiannual 2023 – SMEs Sustainability in Malaysia 2023
Get your free copy of The Connection E-Magazine: SMEs Sustainability in Malaysia 2023, now available in both English and Mandarin. What’s in store for you: Cheng & Co Group in…
How great leadership pushes your brand up during this slowdown?
Learn how to use the principles of leadership from two bestselling books to inspire your brand followers and achieve your goals in challenging times.
Don’t fix your prices! Improve them through value-based pricing to counter shrinking bottom line!
Learn from Mr Lam Kwai Soon, COO and Tax Managing Director of Cheng & Co Group, on how to apply value-based pricing to your products or services to counter inflation…
Go Digital: Digitalise Your Business To Save on Operational & Reporting Cost
Author: Dr Ma Yue, CEO, DigiwinSoft Malaysia Business isn’t easy. We’re living in times where timely, reliable data reporting means the difference between success and failure. You have a computer. What…
Sustainable Business Practices To Sustain Revenue and Save Cost in 2023
Find out from Dato’ Dr. Chua Hock Hoo, Executive Chairman of Cheng & Co Group, on the best practices that can help you reduce cost and increase revenue for your…
How could SMEs in Malaysia muddle through the economy in 2023?
On 6 January 2023, Cheng & Co. Group held its iSGV2025 Sustainable Growth Programme to coach its staff members on sustainable business growth. Invited to the programme was Tan Sri…
The Connection Issue May – Aug 2020: Covid-19 Business Recovery Strategy Guide
Many companies are on the brink of downsizing or, worst, collapsing. Small and medium enterprises (SME) which makes up close to 98% of businesses and is the most important cog…
Single But Not Care Free
Michael (not his real name), 36, is a manager in a multinational company. He is single and has been with the company for more than 12 years. The problem is,…
The Connection Issue April 2018
Key challenges and barriers that hinders SMEs to go Public The Challenges that SMEs faced when Listings Listing is the gateway for a company into capital market where funds can…
Year of Transformation: Cheng & Co’s Journey to Becoming a Leading International Accounting Firm
By Dato’ Dr Chua Hock Hoo Towards the end of 2016, we declared that 2017 will be a year of Transformation for Cheng & Co towards our vision to become…
Malaysia 2022 Budget Highlights
Special Deduction For Renovation & Refurbishment
Micro Enterprises Facility (MEF)
1. What is the objective of the grant? To improve the accessibility of financing for Malaysian Small and Medium Enterprises (SMEs) in all economic sectors, particularly under-served SMEs. Additionally, to…
PENJANA – Special Tax Incentive
The main objective of this particular tax incentive is to attract investors to relocate their businesses into Malaysia by addressing the risk of reshoring. 1. Type of Incentive a….
KitaPrihatin – Program Subsidi Upah (Wage Subsidy Program) 2.0
On 25th September 2020, Social Security Organisation (SOCSO) has published the FAQs on SOCSO official website and the significant highlights as below: 1. When the Program Subsidi Upah (PSU)…
Kita Prihatin Economic Recovery Package
The Government has unveiled the Kita Prihatin Economic Recovery Package worth RM10 billion to help people weather the effects of the Covid-19 pandemic and bolster the country’s economy. The Kita…
Insurance Assistance During Covid-19 Crisis
The Covid-19 pandemic is rocking the global economy unlike anything seen before. With countries enforcing lockdowns resulting in business and borders getting shut temporarily, things are not looking particularly healthy…
Sustaining Family Businesses through Generations
FROM humble beginning in 1993, Cheng & Co has been serving SME clients for more than 25 years. We have observed that family-owned businesses are among the most common in…
Single But Not Care Free
Michael (not his real name), 36, is a manager in a multinational company. He is single and has been with the company for more than 12 years. The problem is,…
Retirement Life Goal – Analysis And Assessment Process
RETIREMENT LIFE GOAL – THE ANALYSIS AND ASSESSMENT PROCESS The Life Goals Analysis is a tool that allows you to identify if you are on track to achieve your personal…
1 Plan for Life (1P4L): Protecting You Come What May
“If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance.” Suze Orman Mention life insurance to just about anyone…
CCRM Group Medical COMBO Plan: Addressing The High Premium Conundrum
Today’s Business Dilemma Rising operating costs are a big concern for businesses, particularly the small and medium-sized enterprises (SMEs). It’s seen as one of the biggest challenges yet in recent…