Meeting Local Director Requirements in Malaysia When incorporating a private limited company (“Sdn Bhd”) in Malaysia, the Companies Act 2016 (“the Act”) requires that at least one director must be ordinarily resident in Malaysia. While this requirement is quite straightforward for Malaysian entrepreneurs, it may present a challenge for foreign investors establish a Company in… Continue reading Understanding the Role and Benefits of a Nominee Director in Malaysia
Author: Boss Boleh
No More Confusion: Payment to Deceased Agent is No Longer Subject to 2% Withholding Tax
When an agent, distributor, or dealer passes away, businesses often wonder: Do we still need to withhold tax on payments made to them? The good news is things have become much simpler now. What Changed? Starting from 1 August 2025, under Section 107D of the Income Tax Act, payments made to a deceased individual (EPP… Continue reading No More Confusion: Payment to Deceased Agent is No Longer Subject to 2% Withholding Tax
Starting October: Foreign Employees Must Contribute to EPF
The Malaysian government has announced a major change: starting from October 2025, all foreign employees with valid work permits (except domestic helpers) are required to contribute to the Employees Provident Fund (EPF). Here’s quick breakdown of what you need to know. Who Does This Apply To? Contribution Rate Registration Process When Can Employers Stop Contributing?… Continue reading Starting October: Foreign Employees Must Contribute to EPF
MSIC Code in Malaysia: How to Check Yours Easily
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
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?