What will happen if I avoid filing my tax return in Malaysia?
Claiming that you earn lower income than you actually do in order to pay lower tax will risk you to a penalty of MYR 10,000 and have to pay 200% of tax amount that was [...]
Claiming that you earn lower income than you actually do in order to pay lower tax will risk you to a penalty of MYR 10,000 and have to pay 200% of tax amount that was [...]
No, if you are earning income outside of Malaysia, you are automatically exempted from paying income tax in Malaysia. However, you are still liable to pay income tax in the country [...]
According to Inland Revenue Board (LHDN), those who earns at least MYR 2,900/month or MYR 35,000 per annum after EPF deductions is taxable
A graduated scale of rate starting from 0% to 30% applies on chargeable income of resident individual taxpayers. Non-resident individuals pay tax at flat rate of 30%
Yes, you can incorporate a company in Malaysia even though you are a foreigner. You can check how to do it here.
The basic requirements to setup a Malaysia Company is the same for both local and foreigner: Can be solely owned by one person – as long as he has a residential address [...]
The business entities available in Malaysia are a public limited company, private limited company, subsidiary company, branch, and representative office.
Yes, you can incorporate a company in Malaysia even though you are a foreigner. You can check how to do it here.
The need for a business license is dependent on the industry and services that you will provide. You can find out more about business license in our article here. [...]
The Company Act does not specify any requirements for the removal of a director when done by shareholders. This is the case because shareholders are not required to have a particular reason [...]