BUDGET 2017 HIGHLIGHTS

On 21 October 2016, our Prime Minister cum Finance minister has tabled the Malaysian Budget 2017. The following is the summary of his speech:- Income Tax Related 1. Double Tax deduction for private companies to provide Structured Internship Programme. Effective...

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Tax Highlight – September 2016

Our Tax Highlight - September 2016 We are pleased to present our Tax Highlight - September 2016. The important updates are :- 1. Guide on Land and Property Development 2. Guide on Employee Benefit Want to know more? Check out the Download...

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Tax Highlight – August 2016

Our Tax Highlight - August 2016 We are pleased to present our Tax Highlight - August 2016. The important updates are :- 1. GST-03 return amendment rules taking effect from 23 August 2016 2. RMCD has temporary removed accounting software guide 3. Reduction of...

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Tax Highlight – July 2016 (Important Notice on Removal of Guide)

Our Tax Highlight - July 2016 (Important Notice) The “Guide on Accounting Software Enhancement towards GST Compliance (revised as at 1 August 2016) (as discussed in our GST Note 3 of our Tax Highlight – July 2016) has been removed....

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Tax Highlight – July 2016

Our Tax Highlight - July 2016 We are pleased to present our Tax Highlight - July 2016; One of the biggest changes after the implementation of GST on 1 April 2015. The important updates are :- 1. The RMCD has updated its...

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Tax Highlight – June 2016

Our Tax Highlight - June 2016 We are pleased to present our Tax Highlight - June 2016 Despite Ramadhan and Hari Raya month, RMCD and IRB has not relaxed their effort in updating their guidelines. In this highlight, we will discuss...

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Tax Highlight – May 2016

Our Tax Highlight - May 2016 We are pleased to present our Tax Highlight - May 2016 In this highlight, we will discuss about the SOCSO changes, contradicting facts in Supply Guide, several updates on GST Guides and Income Tax exemptions...

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Amendment to Employees’ Social Security Act, 1969

Effective 1 June 2016, the eligibility of mandatory contribution / maximum salary ceiling is increased from RM3,000 to RM4,000. In connection with the amendment:- 1. the employee’s maximum monthly SOCSO contribution is increased from RM14.75 to RM19.75 2. the employer’s maximum monthly SOCSO...

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