Filing a tax assessment in Malaysia is compulsory under section 107C of the Malaysian Income Tax Act 1967. If the company is starting up for the first time, the assessment must be filed with the IRB within 3 months from the starting date of their operations, but not 30 days before the start of the base period.Read More
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CP38 is an additional tax deduction order issued by LHDN specifically to an employer. This CP38 form regulation requires employers to make additional deductions in monthly installments from taxpayers 'salaries (other than monthly tax deductions) against taxpayers' income tax arrears.Read More
An employer who employs one or more employees must register and make monthly contributions to the SOCSO for all employees in accordance with the Employee Welfare Act 1969. Since January 2016, there is RM 250 per year income tax exemption for contributions to the SOCSO. As of January 2019, all overseas employees are required to contribute to the SOCSO.Read More
March begins tax filing season. All Malaysian businesses, whether large, medium, or small, must file Form E with the Inland Revenue Board (IRB) by the end of this month...Read More
Find Out Latest EPF Rate | EPF 2021 | EPF Contribution Rate, Use EPF Calculator to find out the ACCURATE contribution to AVOID PENALTY.
The Employee Provident Fund EPF calculator will help you calculate the amount of money you will save when you retire. Now you can Calculate your salary, EPF rate...Read More
Budget 2021 is the largest budget in Malaysia’s history, with a total of RM322.5 billion compared to RM297 billion for Budget 2020...Read More
Most of the small business owners who start to use either paid or free accounting software in Malaysia quickly master the basics. They learn how to make invoicing automatic...Read More
Before starting up a new business, you might need to spend some time for surveying which Accounting System Software or ERP Software in Malaysia that you would like to apply...Read More
Starting up a business can be super challenging, while tirelessly looking for customer and better bargain supplier, business owner has to put effort on filling the accounts precisely and...Read More