Apr 20, 2025
The Companies Commission of Malaysia (SSM) has unveiled new initiatives aimed at strengthening the nation’s business ecosystem and enhancing corporate compliance standards. 1. Launch of SSM’s e-advertisement service under Section 76A of the Limited Liability...
Apr 20, 2025
Malaysia is one of Southeast Asia’s most business-friendly countries, offering a strategic location, skilled workforce, and cost-effective infrastructure. For foreigners looking to expand into or set up a company in Malaysia, understanding the legal, tax, and...
Apr 20, 2025
In Malaysia, employment agreements are generally required to be stamped under the Stamp Act 1949. Specifically, Item 22(1) of the First Schedule of the Act applies to service agreements, including employment contracts, that are for a definite period or for life or an...
Apr 13, 2025
The Inland Revenue Board of Malaysia (IRBM) has upgraded the MITRS application on the myTax Portal in line with Section 82B of the Income Tax Act 1967 (ITA 1967). The enhanced MITRS serves as an online platform for taxpayers to submit tax-related information and...
Apr 13, 2025
The Malaysian Business Reporting System or its acronym, MBRS refers to the submission platform based on the eXtensible Business Reporting Language (XBRL) format. The MBRS allows for the submission of: Annual Return (AR); Financial Statements and Report (FS); and...
Apr 7, 2025
Transfer pricing refers to the pricing of transactions between associated entities, such as the acquisition or supply of property or services. Ideally, the transfer price should align with the market price that would apply in transactions between independent entities....
