Being an employer is never easy when you have to deal with different issues of your business. But did you know? When employees are no longer working for the company, this responsibility also falls on the shoulder of employers according to the Malaysian Income Tax Act 1967. Employers have the obligation to inform the Malaysian… Continue reading Things To Know About Personal Tax Clearance for Employers when Employees Leave The Company
Category: Taxation
Understanding Company Tax Rates
Understanding Company Tax Rates To start up a business in Malaysia, a better understanding of company income tax requirements by the Inland Revenue Board (LHDN) and the Royal Malaysian Customs Department (RMCD) will ease the struggles faced throughout the growth of your business. Malaysia’s company tax is administered by the Income Tax Act 1967, whereby… Continue reading Understanding Company Tax Rates
Tax Payment of Companies
Registered Companies, Limited Liability Partnerships, Trust Bodies and Cooperative Societies which are dormant and/or have not commenced business operation are not required to furnish tax estimate. But it is required for existing companies to do so.