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Record Keeping Requirements In Malaysia

All businesses in Malaysia are required to comply with the record keeping requirements in accordance with Malaysian laws and regulations. According to Section 82 of the Income Tax Act 1967, every person that carries on a business in Malaysia has the duty to keep proper documentations as well as give receipts. Whether you are new […]

How to Register a Company in Malaysia

Registering a private limited company (sdn bhd) in Malaysia requires you to undergo proper incorporation procedures in order to have a hassle-free process. It would be best to engage the services of a company secretary to initialize and complete the entire process so that your business is registered in accordance with the regulatory requirements.

The following […]

Duties of Company Secretary in Malaysia

The company secretary has financial and legal duties as well as business and operational roles within an organization in Malaysia. The financial and legal duties associated with the company secretary include to:

Ensure that the company adheres to the Memorandum of Association (MOA), Articles of Association and any other legally binding documentation.
Keep track of company operations […]

Top Accounting Firms in Malaysia

For companies interested in getting the best accounting services, it is useful to know the top accounting firms in Malaysia and start from there. Based on available latest 2016 figures, the top accounting firms in Malaysia are:

PWC
Deloitte
KPMG
BDO
Ernst & Young
and more

This is the largest accounting company in the world and has presence in Malaysia. The company has come […]

Cheap Accounting Services In Malaysia

Cheap accounting services in Malaysia does not necessarily mean poor quality accounting services. Here are some pointers that can help you decide which accounting firm to choose with the philosophy of getting the best value for money services, which are both affordable and reliable.

While this seems simple enough, you will come to find that this […]

Accounting Process and Cycle in Malaysia

The accounting cycle and the fiscal year are the nuts and bolts of any accounting system and the manner in which it operates. In Malaysia, proper adherence to the steps in the accounting cycle will ensure that filing your returns at the end of the year is a lot less nerve racking and accurate. At […]

How to Prepare Accounts for Small Businesses in Malaysia

Preparing accounts for small businesses in Malaysia can be a daunting task for small business owners. Some business owners prefer to focus on their business activities rather than managing their books of accounts. This can be risky because if a company fails to comply with legal and tax regulations, it may stand to face heavy […]

Tax Compliance in Malaysia

When operating your business in Malaysia or anywhere in the world for that matter, tax compliance is one of the things you always need to be wary of. The reason being you can never know when your business will be audited for tax purposes, and when interruption to operations happens as a part of a […]

How to File Annual Return in Malaysia

An annual return refers to the summary of the profile of the company consisting of its general information to be filed every  year to the Suruhanjaya Syarikat Malaysia (SSM). The contents of the company profile include the business office address, branch office address, registered office address, principal business activities, and charges that are registered with […]

Late Payment & Filing Penalty in Malaysia

A business could face late payment and late filing penalty for non-compliance and this could have adverse and long-term effects on its overall operations. Active companies and businesses in Malaysia are required to file their annual return and income tax return by the given deadline.  In accordance to the Companies Act 1965, companies and businesses […]

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