MSIC stands for Malaysia Standard Industrial Classification. It’s a 5-digit code used to classify different types of businesses in Malaysia. The code is issued by the Department of Statistics Malaysia (DOSM). Think of it as your business’s official “category tag”—— it tells the government and relevant authorities what kind of activities your company is involved… Continue reading MSIC Code in Malaysia: How to Check Yours Easily
Author: Boss Boleh
What Is Withholding Tax in Malaysia?
Withholding Tax (WHT) is a key part of Malaysia’s tax system, requiring businesses to deduct tax at the source when making certain payments. Understanding your WHT obligations is essential to avoid penalties, protect cash flow, and stay compliant with the Inland Revenue Board of Malaysia (IRBM). This article breaks down why WHT matters and the risks of non-compliance.
📢 [UPDATE] 15 September 2025 Declared Additional Public Holiday — Is It Compulsory & How to Pay Your Staff?
Malaysian government has officially declared Monday, 15 September 2025 as an additional public holiday in conjunction with Malaysia Day, which falls on Tuesday, 16 September 2025. This means Malaysians can enjoy a 4-day long weekend from Saturday (13 Sept) to Tuesday (16 Sept). But as an employer, you might be wondering — is this new… Continue reading 📢 [UPDATE] 15 September 2025 Declared Additional Public Holiday — Is It Compulsory & How to Pay Your Staff?
Boss forgot to affix stamp duty and don’t want a penalty? Here’s a 5-minute “appeal letter” to get 100% waiver!
Under the Stamp Duty Act 1949, an employment contract must be stamped within 30 days of signing. Otherwise, the business may be fined RM 50 – 100 or 10 – 20% of the unpaid duty——whichever is higher. Good news: It’s not mandatory to pay the penalty! If you have a reasonable explanation, you can write… Continue reading Boss forgot to affix stamp duty and don’t want a penalty? Here’s a 5-minute “appeal letter” to get 100% waiver!
📃Can I Remove a Director from My Sdn Bhd? A Shareholder’s Guide (Malaysia 2025)
Are you a shareholder of a Malaysian Sdn Bhd and wondering if you can legally remove a director? Maybe you’re facing internal disputes, inactive directors, or want to restructure the company board. This guide from Boss Boleh explains when and how a director can be removed——including what happens if you own 51% of the shares,… Continue reading 📃Can I Remove a Director from My Sdn Bhd? A Shareholder’s Guide (Malaysia 2025)
MSME Digital Matching Grant MADANI – Claim Up to RM5,000!
Evolve your business to the digital forefront with the MSME Digital Matching Grant MADANI. Eligible businesses can claim up to 50% or a maximum of RM5,000 in grant value from their total invoice when subscribing to digital services. ✅ Designed to support Micro, Small and Medium Enterprises (MSMEs) and Cooperatives✅ Government-backed initiative under the Madani… Continue reading MSME Digital Matching Grant MADANI – Claim Up to RM5,000!
📃 Should I Hold 51% or 75% Shares in My Company?
(Malaysia Sdn Bhd Guide for New Business Owners) Starting or restructuring your Sdn Bhd in Malaysia? You’ve probably asked: Is 51% shareholding enough to control the company —— or do I need 75%? The answer depends on what kind of decisions you want to make in the company. Here’s a simple breakdown to help you… Continue reading 📃 Should I Hold 51% or 75% Shares in My Company?
🧾Company Closure in Malaysia: Strike-Off vs Voluntary Winding-Up — What’s the Difference?
If you’re considering closing your Sdn. Bhd., it’s important to understand the two legal exit options under the Companies Act 2016 — Strike-Off and Voluntary Winding-Up. Here’s a quick comparison table to help you decide: ✅ Quick Comparison Table Item STRIKE-OFF VOLUNTARY WINDING UP Legal Provision s.550 CA 2016 s.439(1)(b) CA 2016 Resolution Needed ✅… Continue reading 🧾Company Closure in Malaysia: Strike-Off vs Voluntary Winding-Up — What’s the Difference?
When to Claim Tax Agent & Statutory Filing Fees: Avoid Common Mistakes in YA 2024
As we approach tax season, many business owners and finance teams ask: “Can we deduct tax agent and statutory filing fees in the current year of assessment?” Let’s clear up the confusion. Tax Deduction Rule: “Incurred Basis” Applies Under Malaysian tax law, expenses are only deductible when they are incurred — not when they relate… Continue reading When to Claim Tax Agent & Statutory Filing Fees: Avoid Common Mistakes in YA 2024
Understanding Tax Treatment for Specialist Doctors in Private Hospitals-IRBM Guidelines
The Inland Revenue Board of Malaysia (IRBM) has issued specific guidance on how income earned by Specialist Doctors in private hospitals should be taxed. According to the IRBM Guidelines dated 16 March 2022, titled “Garis Panduan Layanan Cukai Ke Atas Pendapatan Pengamal Perubatan (Doktor Pakar) Di Hospital Swasta Sama Ada Ditaksir Di Bawah Individu Atau… Continue reading Understanding Tax Treatment for Specialist Doctors in Private Hospitals-IRBM Guidelines