No. Any employers who deems failed to make those contributions every 15th of each month will be convicted and liable to imprisonment for a term not exceeding three years and a fine [...]
There are mainly four (4) types of mandatory contributions that must be deducted by employers and employees monthly. They are EPF, SOCSO, EIS and MTD.
Fees payable to director is still deem as personal income and it is taxable by the Income Tax regulation in Malaysia.
Yes, by claiming all possible tax deduction available, submitting the tax on time as well as applying tax incentive whenever it is available, and the Company meets the requirement. [...]
Generally, all registered Company (dormant / active) have the obligation to lodge their tax with LHDN. However, most dormant companies have no tax payable due to inactivity of business whilst an [...]
There are two major taxes in Malaysia namely direct tax or indirect tax. Direct tax includes income tax, real property gains tax (RPGT) and petroleum income tax whilst indirect taxes are [...]
They normally benefit in term of transfer of skills and expertise, helping to develop quality of host labor force.
There are over 80,000 multinational corporations spread worldwide which drives the 21st century economy.
The MNCs will provide money in terms of investments such as purchasing machineries or technologies which will assist to boost local supplier profit.
A Multinational Corporations (MNC) are known as corporate organizations who owns or controls the productions of goods / services in multiple countries besides its home country
