Can sole proprietor hire employees?
Yes, a sole proprietor is allowed to hire employees. Once they start hiring, they will also need to register with KWSP and PERKESO for the monthly EPF, SOCSO and EIS deduction. [...]
Does sole proprietor need to pay tax?
Yes, they are still liable to file their personal tax filing annually. Difference is, they are required to declare the business income received in their tax computation.
Can a sole proprietor pay himself a monthly salary?
No, a sole proprietor cannot deduct a salary and expense it as business expenses. Technically, the profit generated is the sole proprietor salary.
Can foreigner register sole proprietorship in Malaysia?
Yes, if they have a Permanent Resident status in Malaysia. Only Malaysia Citizen and Permanent Resident is allowed to register sole proprietorship in Malaysia.
What happens if I lie on Statutory Declaration form?
The declarant will be fine and punishable by up to five years in prison if found guilty to declare false information in a Statutory Declaration.
Where can I get my Statutory Declaration done in Malaysia?
It can be done by an appointed notary public, commissioner of oath or magistrate.
Who can witness the Statutory Declaration done in Malaysia?
According to Statutory Declaration Act 1960, only an authorised person by the law such as notary public, commissioner of oath or magistrate can be the witness of a statutory declaration done. [...]
What is Statutory Declaration in Malaysia?
The purpose of statutory declaration is to obtain confirmation of written instruments or allegations or proof of debt or the fact of execution of deed which was otherwise unavailable but backed by [...]
What should I do if my employers cheated on the monthly contributions?
You may report the case straight to each government agencies and to consult with Department of Labour of Peninsular, Malaysia. Â
Can employees check if their monthly contribution is done accurately?
Yes, employees are allowed to do so by registering an online profile in each of the portals available. They are also able to contact each government agencies to ensure all the contributions are done accurately.  [...]