3 Purposes of Taxation in Modern Economy
3 Purposes of Taxation in a Modern Economy How Taxation impact the economy ? The purpose of taxation is to finance government expenditures and activities that are necessary and beneficial to society. One of the most important uses of taxes is to finance public goods and services, such as streetlights, street cleaning, hospitals etc. […]
2% Withholding Tax on Commission for Agent, Dealer and Distributor
History and Background of 2% Withholding Tax In accordance with Section 83A of the Income Tax Act 1967 (ITA), Every Company is required to prepare and provide a prescribed form (Form CP58) to its agents, dealers, or distributors pertaining to particulars of commission payments regardless of whether in monetary or in kind. The Form must […]
TaxLetter 32
Download PDF version : HERE PEMERKASA Stimulus Package On 17 March 2021, the Malaysian Government unveiled a new economic recovery program, named Program Strategik Memperkasa Rakyat dan Ekonomi (Strategic Programmes to Empower the People and Economy) or PEMERKASA. The stimulus package is worth RM20 billion. The key highlights of the key initiatives are as follows:- […]
Additional Lifestyle Relief for YA 2020 and 2021 (Personal Income Tax)
[vc_row][vc_column width=”1/2″][vc_column_text] ⚓ Additional Lifestyle Relief for Smart Phone, Tablet, and Personal Computers: Unclaimed amount transferrable? In order to curb the pandemic, the Malaysian government has introduced an additional lifestyle relief for Smart Phone, Tablet and Personel Computers. Effective Year of Assessment 2020 and Year of Assessment 2021, there are 2 types of lifestyle reliefs […]
What is Akta 446?
[vc_row][vc_column width=”1/2″][vc_column_text] What is Akta 446 or Act 446? Akta 446 is the 2019 Employee’s Minimum Standards of Housing, Accommodation, and Amenities Regulations. It was gazetted on 1 June 2020 but got extended to 1 September 2020 in terms of implementation. The standards are applicable for West Malaysia and Labuan. The objective of […]
第一章：马来亚亚创业？公司成立：哪个最好？
[vc_row][vc_column width=”1/2″][vc_column_text] 第一章：马来亚亚创业？公司成立：哪个最好？ Chapter 1 : Starting a business in Malaysia? Which Business Incorporation to choose? English version : https://youtu.be/8g8Qr_bIyw4 ====== 身为一位新的企业家，你要自己创业。去到马来西亚公司委员会发现到：哇！原来选择哪一种公司成立，也是一门学问呢。 马来西亚大致上可以分为4种公司成立：- 独资企业 Sole Proprietor 合伙企业 Partnership 私人有限公司 Sdn Bhd 合伙有限公司 Limited Liability Partnership 如何选择呢？这非常难说。最重要的是你想要什么，你的愿景是什么？ 其中要考虑的包括: 是否是独立法人实体 你需要贷款吗？ 你需要信用期吗？ 你会买资产吗？ 你/你们有几个人？ 你会有想上市的想法吗？ 看看视频就懂了哦 ! #ancgroup [/vc_column_text][/vc_column][vc_column width=”1/2″][vc_video link=”https://youtu.be/99VbihpkLfI”][/vc_column][vc_column][vc_column_text]在马来西亚有四种不同的主要公司注册类型，当然其实还有更多，不过这个视频我们就专注在这四个就好了。 类型A：企业/独资企业 这是最容易成立的。您只需要一个人，这就是您自己。 优点：容易成立，简单，便宜。 缺点：高风险。风险很高。极高的风险。 类型B：合伙企业 您需要2个人。你和你妻子；你和你的丈夫；您和您的朋友。您当然可以超过2人，最多20人。但是，人越多，管理起来就越困难。 […]
Starting a Business? Which Business Incorporation should I go for ?
[vc_row][vc_column width=”1/2″][vc_column_text]Starting a Business? Which Business Incorporation should I go for ? This is Chapter 1 : Types of Business Incorporation and Tax Differences Imagine yourself in the shoes of a new entrepreneur, you are excited, you want to go out do some business, make some money. You started the business online, using your name, […]
