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10 Jul 2017

CCM vide its circular dated 10 July 2017 : CCM is empowered to strike off a business entity that is found to be employing foreigners without permit or allowing its business be conducted by foreigners. This would apply to companies, sole proprietorship,...

12 Apr 2017

Starting from 1 Jan 2018, the Inland Revenue Board Malaysia (IRBM) will impose a 100% penalty on the tax of individuals and companies dodging payment or filing incorrect income tax returns.

[http://www.thestar.com.my/news/nation/2017/04/12/100-penalty-fr...

20 Feb 2017

The Royal Malaysian Customs Department (RMCD) has set a new target to collect RM3.0 billion in Goods and Services Tax (GST) this year (up to 31 Dec 2017), through its Customs Blue Ocean Strategy (CBOS) 3.0.

In CBOS, RMCD aims to visit 200,000 of the 434,...

20 Jan 2017

Finance Act 2017 has been passed and gazetted. Some of the changes that could affect withholding tax requirements are highlighted here.

Effective from 17 Jan 2017,

a. Malaysian resident entities are required to withhold 10% (withholding tax) from all amou...

20 Dec 2016

There are some impending changes to the withholding tax regulations that will affect your business. Please pay close attention to this subject especially if your business has dealings with overseas service suppliers, and in the course of your business,...

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