Interest Restriction As defined in Public Ruling No. 2/2011, “interest” is the return or compensation for the use or retention by a person of a sum of money belonging to or owed to another. How does interest restriction work? If you have taken a loan, you would have interest expenses incurred on the loan obtained. Pursuant to… Continue reading NOT all interest expenses are tax deductible!
Author: Boss Boleh
Is key-man insurance tax deductible?
Key-Man Insurance You may have heard of the saying “a company is only as good as its people”. At the end of the day, a business is run by people. Without the pivotal man or woman playing their respective roles in a company, the organisation may face the danger of crumbling apart. That is… Continue reading Is key-man insurance tax deductible?
Is rental considered a business source of income?
Income Received From Letting of Real Property Public Ruling No. 12/2018 (PR 12/2018) was issued to clarify the tax treatment on rental income received from the letting of real property. The key difference in tax treatment depends on whether the letting of real property can be deemed as a business source or not. When… Continue reading Is rental considered a business source of income?
Real Property Gain Tax (RPGT) vs Income Tax
What is RPGT? Real Property Gains Tax is one of Malaysia’s most important real estate taxes. If you made a profit from selling real estate, you need to make sure you pay the RPGT within 60 days of the sale to the Malaysia Inland Revenue Board (IRB). However, you do not have to pay RPGT… Continue reading Real Property Gain Tax (RPGT) vs Income Tax
Boss Boleh is Hiring Freelancers!
Work from everywhere, when you want, and how you want! Are you looking to earn additional income? Look no further because Boss Boleh is here to make that possible. Don’t worry! We even provide referral fees if you manage to refer clients to us as well! By being a part of our team, you will… Continue reading Boss Boleh is Hiring Freelancers!
Winning MYHackathon 2020: Boss Boleh aims to improve the efficiency of government services
Businesses flourish with innovative ideas and effective solutions, and they don’t come from a single place. This can be proved through the events that had occurred at MYHackathon 2020, a Pelan Jana Semula Ekonomi Negara (PENJANA) programme hosted by Cradle Fund. It is an initiative aimed to address national difficulties in servicing residents. What happens… Continue reading Winning MYHackathon 2020: Boss Boleh aims to improve the efficiency of government services
Registering Your Sdn. Bhd. at A SSM Counter
What is needed to form a Sdn. Bhd.? For a company to run, the minimum requirement in Malaysia is having at least 1 director and 1 shareholder (same entity eligible) to incorporate the company. Apart from that, a few other criteria are required to be checked off. Only 18 years old and above are eligible … Continue reading Registering Your Sdn. Bhd. at A SSM Counter
Registering Sdn. Bhd. Online through Boss Boleh
Do you know all the important elements that are needed before registering your Sdn. Bhd. business? Don’t worry, we’ve got you covered. We have put together a list of 5 key factors to address before starting your business just for you. Read our full article here. Why a company secretary? Let’s say you are new… Continue reading Registering Sdn. Bhd. Online through Boss Boleh
2 Ways to Register A Sdn. Bhd. Company in Malaysia
You’re probably here because you decided on starting a new business and wondering how to register a Sdn. Bhd. online in Malaysia. TL; DR You can register online, hassle-free and fast. 100% online via BossBoleh.com – RM 1,499 (Verify your identity online using eKYC) 50% online via SSM’s MyCoID – RM 1,010 (You’ll still need… Continue reading 2 Ways to Register A Sdn. Bhd. Company in Malaysia
5 Key Factors to Address Before Starting Your Business
Click here to read the Chinese version 点击此处阅读华语版本 The formation of a company is an important step in the process of starting a business. Besides sparing you the considerable hassle that comes with filling out the incorporation form, you can focus on the vital elements that matter most to your business by being aware of… Continue reading 5 Key Factors to Address Before Starting Your Business