Malaysia
Diving into Malaysia Data & Compliance Report (DCR) 2024
In an era of heightened regulatory scrutiny, financial and non-financial institutions must navigate complex reporting requirements to remain compliant with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. A crucial
Everything You Need to Know About the Malaysia Premium Visa Programme (PVIP)
In recent years, Malaysia has introduced the Malaysia Premium Visa Programme (PVIP), an exclusive residency initiative aimed at attracting high-net-worth individuals (HNWIs) and their families to live, invest, and contribute
New Updates on Malaysia MM2H Visa: Understanding the Latest Changes and Implications
The Malaysia My Second Home (MM2H) program has long been a favoured pathway for foreign nationals seeking to reside in Malaysia for extended periods. Originally targeting retirees, the Malaysia MM2H
Non-Deductible Business Expenses: Avoid These 8 Common Tax Mistakes in Malaysia
Navigating tax regulations can be a complex undertaking for businesses in Malaysia. While certain expenses are eligible for tax deductions, others are not, often leading to costly mistakes during tax
Bad Debts and Tax Relief: How to Handle Irrecoverable Debts in Malaysia
Bad debts are a grim reality for businesses operating in Malaysia. They occur when a customer or debtor is unable or unwilling to fulfill their financial obligations, leaving the creditor
Deductible and Non-Deductible Expenses in Malaysia
In Malaysia, the taxation system provides businesses with the opportunity to reduce their chargeable income by deducting specific allowable expenses. These deductions play a critical role in reducing the tax
Understanding the Consolidated E-Invoice System in Malaysia
The shift towards electronic invoicing (e-Invoicing) marks a new era of digital compliance for businesses. It streamlines tax documentation and enhances transparency, benefiting both the supplier and the tax authorities.
A Complete Guide to Self-Billed e-Invoice in Malaysia
The rise of e-Invoicing has revolutionized how businesses process transactions. Traditionally, suppliers issue invoices to acknowledge sales, while buyers use these invoices to record expenses. However, in specific circumstances, buyers
Transfer Pricing in Malaysia
In the world of corporate governance, Beneficial Ownership (BO) reporting plays a crucial role in ensuring transparency and compliance. BO reporting helps identify the true individuals who control or own
An In-Depth Guide for Malaysia Beneficial Ownership Reporting for Companies
In the world of corporate governance, Beneficial Ownership (BO) reporting plays a crucial role in ensuring transparency and compliance. BO reporting helps identify the true individuals who control or own
Malaysia Forest City Special Financial Zone: A Catalyst for Malaysia’s Economic Revolution
We are thrilled to discuss the establishment of the Forest City Special Financial Zone (FCSFZ) in Malaysia. This significant milestone is more than just a new chapter in Malaysia’s financial
Understanding the Importance of Malaysia LHDN E-Invoice
The Malaysian government is progressively integrating e-Invoicing as a pivotal step toward enhancing the country’s digital economy. This transition, set forth in the Twelfth Malaysia Plan, is poised to revolutionize
Sustainable Tourism in Malaysia: Post-Pandemic Revival
Sustainable tourism, characterized by its respect for both local environments and communities, seeks not only to minimize its ecological footprint but also to enhance cultural preservation and ensure that economic
Renewable Energy Initiatives in Malaysia: Progress and Future Prospects
As Malaysia grapples with escalating energy demands and environmental concerns, the pivot towards renewable energy emerges as a pivotal strategy for sustainable development. The nation’s economic expansion, coupled with the
Enhancing Retirement Security: Malaysia EPF’s Comprehensive Account Restructuring Initiative
The Employees Provident Fund (EPF) has taken a significant step to ensure the financial well-being of its members by restructuring their accounts. Effective from 11 May 2024, this initiative is
Types of Licensing in Malaysia
In Malaysia, the regulatory landscape is meticulously structured to bolster a safe and vibrant business ecosystem. Licenses act as essential tools to enforce compliance, uphold public safety, and maintain ethical
