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LATEST NEWS

FOREIGN DIRECTORS' VISA IN MALAYSIA

June 21, 2015

By Admin

28

WHAT IS DIRECTORS' VISA? DP 10? PROFESSIONAL PASS?
All of the above can be called as Employment Pass (EP). CURRENT ISSUE IN MALAYSIA IN RELATION TO FOREIGN DIRECTORS
Foreign directors who owns Malaysian Company, a Sdn Bhd or Bhd cannot open a bank account under the Co....

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COMPANY FORMATION SERVICES

June 21, 2015

By Admin

28

Company Formation in Malaysia Company formation services in Malaysia has become easier and faster now, we can deliver your certificate of incorporation in 3 working days. We specialised in company formation in malaysia and append below the requirements, process involv....

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AUDIT SERVICES

June 17, 2015

By Admin

28

Audit services is one of MKT & ASSOCIATES core business activity. Type of audit services that we provide is statutory audit services. Statutory audit means an audit required by law. It is a statutory requirement under the Malaysian Companies Act, 1965....

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Amount Due From Directors - Tax Implications in Malaysia In layman's terms, if your Company has "Amount Due From Directors", you have to calculate an interest income for the Company based on the outstanding amount and Average Lending Rate (ALR) by Bank Negara Malaysia....

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RPGT IN MALAYSIA - AN INSIGHT

June 16, 2015

By Admin

28

1.  There is no wealth tax, inheritance tax or gift tax in Malaysia. Also there is no estate duties in Malaysia.
2.  With effect from 1 January 2010, RPGT of 5% flat is applicable on gains on disposal of;
i.  Real Properties
ii.  Disposal of shares in real property company ....

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Dormant Companies need to submit Tax Returns in Malaysia
This is a summary based on a letter by Inland Revenue Board of Malaysia (IRBM) to affected Professional Bodies in Malaysia on 18 August 2014. Ref: LHDN/01/32/1/193/31/1..

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Business losses has to be looked into two different categories:
.Current year loss
.Prior (previous) year loss
1.  Business losses incurred for the current accounting period (current year loss) can be set-off against the followings:
Chargeable Inc...

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Form B - Malaysian Income Tax

June 16, 2015

By Admin

28

Submission of Form B in Malaysia - Year of Assessment 2015
Form B, is a Income Tax Return Form (ITRF) in Malaysia to declare business and non-business income for individual. Generally, businesses that is categorised under Sole Proprietorship, Partnership, Limited Lia....

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