Certain tax-related initiatives, such as the renewal of current tax benefits, were also included in the 2022 budget. A unique “reinvestment allowance” has been extended until 2024.
Author: Boss Boleh
Budget 2022: Business
Cukai Makmur was imposed on the budget in 2022, as well as other Small and Medium Enterprises (SME). There will also be a reassessment of the handling of unabsorbed losses, as well as a double tax deduction for Anchor enterprises participating in the vendor development program.
Budget 2022: Individual Tax
Individual or personal income tax, in Budget 2022, the budget plan included the continuation of individual tax relief, as well as tax relief for contributions to social security organizations (SOCSO).
Budget 2022: Economic Outlook
Budget 2022 shows that economic growth in 2021 is expected to recover from the economic downturn experienced in 2020 as a result of the COVID-19 pandemic.
Boss Boleh’s Budget Newsletter 2022 Edition
Budget 2022 proposals to reconstruct the economy were created around the primary themes of recovery, resilience, and reform. Measures aimed at raising government tax revenues and sprurring investment are included in the tax plans.
Follow these 5 ways on How to Run Your Business as a Sdn Bhd in Malaysia
To maintain a business in Malaysia, you do not generally have to enroll a Sdn Bhd, yet there are five scenarios where you ought to do such. There are eight main types of business enterprises, each with its own set of criteria and objectives. However, because of the advantages it provides, Sdn Bhd is one of the most often registered corporate formations. These are the top five reasons to form a Sdn Bhd as your company’s legal entity.
Registering Sdn Bhd at an SSM Counter
For a company to run, the minimum requirement in Malaysia requires at least 1 director and 1 shareholder (same entity eligible) to incorporate the company. A few criteria are required to be checked off.
How To: Vested Shares for Startups in Malaysia by Example
The examples used here are simplified to help understand the concept. Such structures are complex and it is recommended to seek professional advise. Boss Boleh Cloud Company Secretary You probably tried searching about this within the Malaysia context and have found very little to almost no explanation on how this can be achieved. That’s because… Continue reading How To: Vested Shares for Startups in Malaysia by Example
Audit Fee Schedule & Table
Audit Fee Schedule & Table
Malaysian Institute of Accountants (MIA) has recommended Practice Guide on Audit Fee Charge (New Audit Fee) by Audit Firms for providing auditing services in Malaysia with effect from 1 March 2010.
Statements on High-Risk and Other Monitored Jurisdictions
by the Financial Action Task Force (FATF)
List of higher-risk countries (Blacklisted) under Bank Negara Malaysia (BNM) Anti Money Laundering & Counter Financing of Terrorism