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E-Invoicing Implementation Guide
1. Understanding the Requirements ✅ Determine your e-invoicing implementation phase based on your annual turnover. ✅ Review LHDN’s official e-Invoice guidelines and the Software Development Kit (SDK). ✅ Identify key e-invoicing types applicable (e-Invoice, Credit...
ESG and Sustainability Reporting in Malaysia: Are You Ready for the New Standard?
Environmental, Social, and Governance (ESG) factors are no longer optional — they are becoming a core part of how companies in Malaysia are assessed, regulated, and valued. With increasing investor scrutiny and regulatory mandates, ESG and sustainability reporting are...
Strata Management Act 2013: Service Charge vs Sinking Fund
The Act does not use the word "Service Charge" directly, but refers to "maintenance charges" (same meaning as service charge in practice). Interpretation under the Act: "sinking fund account"means an account required to be opened and maintained by a developer, joint...
Guide to Choosing the Right Outsourcing Accounting Firm
Outsourced accounting is a powerful tool for business growth, whether you are just starting out or already well-established. More businesses today are turning to outsourced accounting as an affordable and innovative solution to streamline their operations. However,...
How Are Audit Fees Determined?
Previously, the Malaysian Institute of Accountants (MIA) issued a Recommended Practice Guide (RPG) 7 which included recommended audit fee scales. This guide helped establish minimum audit fees based on a company’s revenue, total assets and total expenditures....
SSM Introduces Four Initiatives To Strengthen Business Ecosystem
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...
Doing Business in Malaysia: A Guide for Foreign Companies and Foreigners
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...
Do Employment Agreements Need To Be Stamped?
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...
Malaysian Income Tax Reporting System (MITRS)
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...
Malaysian Business Reporting System (MBRS) 2.0
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...