The Malaysia Digital Economy Corporation (MDEC) introduced the Malaysia Digital Catalyst Grant (MDCG) to empower Malaysia into a progressive, digital led economy and shaping a digital future in the tech ecosystem. WHAT IS MALAYSIA DIGITAL CATALYST GRANT (MDCG)? MDCG is designed to catalyse the use and development of disruptive and innovative sustainable solutions within Malaysia… Continue reading Malaysia Digital Catalyst Grant (MDCG)
Author: Boss Boleh
Malaysia Digital X-Port Grant (MDXG)
The Malaysia Digital Economy Corporation (MDEC) introduced the Malaysia Digital X-Port Grant (MDXG) for businesses to expand globally. WHAT IS MALAYSIA DIGITAL X-PORT GRANT (MDXG)? MDXG is focused on supporting Malaysian technology companies that have demonstrated export readiness and are seeking to expand their global market presence. The grant aims to stimulate high-value digital exports… Continue reading Malaysia Digital X-Port Grant (MDXG)
Digital Content Grant (DCG)
The Malaysia Digital Economy Corporation (MDEC) designed and created the Digital Content Grant (DCG) in 2016 to support local creative content companies in developing, producing, and marketing their digital content in animation, digital games, digital comic, and creative technology content. OBJECTIVES OF DIGITAL CONTENT GRANT (DCG) Develop sustainable ecosystems for job creation (including female empowerment… Continue reading Digital Content Grant (DCG)
Are you also STRUGGLING with these Tax Issues?
Five Common Tax Issues Taxpayers have many questions pertaining to the numerous tax and non-tax initiatives raised over time. Among those questions, today we will take a look at the five most common ones asked by taxpayers. Are grants received taxable? Generally, taxpayers are exempted from tax in respect of income received in relation to… Continue reading Are you also STRUGGLING with these Tax Issues?
Are F&B operators required to charge Service Tax?
Service Tax: Food and Beverage Did you know? Food and beverage (F&B) operators who have reached the prescribed threshold of having a total turnover in excess of RM1,500,000 for a period of 12 months must be registered under the Service Tax Act 2018, and they must charge service tax on the provision of taxable services… Continue reading Are F&B operators required to charge Service Tax?
Is the compensation for loss of employment taxable?
Tax Treatment of Compensation for Loss of Employment Picture this scenario:You have been happily employed at ABC Sdn. Bhd. for five years. However, the company has fallen on hard times due to the pandemic. As a consequence, your boss has decided to cease operations and close down the company. You were given a sum of… Continue reading Is the compensation for loss of employment taxable?
Is foreign-source income taxable in Malaysia?
The Taxability of Foreign-Source Income Is foreign-source income (FSI) taxable in Malaysia? Malaysia adopts the territorial principle of taxation where income accruing in or derived from Malaysia or received in Malaysia from outside Malaysia shall be chargeable to tax for that year of assessment (YA) in Malaysia pursuant to Section 3 of the Income Tax… Continue reading Is foreign-source income taxable in Malaysia?
What if I made a mistake on income tax return form?
Amending the Individual Income Tax Return Form Imagine this: you’re filing your taxes, and right after you click that submit button—oh no—you see an extra zero keyed in, or you could have missed out on some tax reliefs you were actually entitled to. You click away on the LHDN website in a frenzy, only to… Continue reading What if I made a mistake on income tax return form?
8 Benefits of Forming a Sdn Bhd in Malaysia
8 Benefits You Don’t Want to Miss! Discover how forming an Sdn Bhd company in Malaysia can protect your assets, maximize tax savings, increase access to capital funding, streamline employee recruitment, and more. Don’t miss out on the opportunity to take your business to the next level and enjoy the many advantages of the Sdn Bhd corporate structure. Read on to learn more!
Is your business at risk of non-compliance?
Overview of Transfer Pricing Transfer pricing generally refers to the intercompany pricing arrangements for the transfer of goods, services, and intangibles between related or associated parties. In an ideal scenario, the transfer price should be the same as the prevailing market price. However, business transactions between associated parties may not always reflect the dynamics of… Continue reading Is your business at risk of non-compliance?