Is the Singapore government pro-business?
Yes, the Singapore government is pro-business. They have initiated many incentives and grants to encourage foreign direct investments in the country
Is SST better than GST?
The Sales Tax is only imposed on the manufacturer level, the Service Tax is imposed on consumers that are using tax services. SST rates are less transparent than the GST which [...]
What can Paul Hype Page & Co offer to help?
As your company’s Tax agent, Paul Hype Page & Co Chartered Accountant will be fully responsible for the practice of ensuring that these conditions are met. It is important that we [...]
Is Malaysia an attractive country for Investment?
Malaysia attracts investments from around the world by reducing its corporate income tax rate and introducing different tax incentives. Malaysia has one of the lowest corporate tax rates in the world. [...]
What is the organisation that governs Malaysia’s tax system?
IRB (Inland Revenue Board) governs Malaysia’s tax system, helps develop a stronger economy, better environment and a more vibrant economy. All companies, regardless of industry, have a legal duty to pay taxes. [...]
Who are tax agents?
Tax agents are financial experts who specialises in tax laws and accounting as well as any finance-related consultation. There are generally 4 types of tax preparers namely: Certified Public Accountants (CPA) [...]
My company is not resident in Malaysia. Does the temporary presence of my employees or personnel in Malaysia due to COVID-19 travel restrictions lead to the creation of a permanent establishment in Malaysia?
LHDNM will consider such temporary presence of employees or personnel does not result in the creation of a permanent establishment in Malaysia, provided it meets the following criteria: a. your company [...]
My company is unable to convene a meeting of the BOD in Malaysia because of COVID-19 travel restrictions. Will this have an effect on the company’s residence status in Malaysia?
If your company is not able to convene its BOD meeting in Malaysia due to COVID-19 travel restrictions, Lembaga Hasil Dalam Negeri Malaysia (LHDNM) is prepared to presume the company as [...]
I am currently outside of Malaysia because of COVID-19 travel restrictions. Does my absence from Malaysia affect my residence status in Malaysia?
It will not affect your residence status in Malaysia. If you are an individual who is temporarily absent from Malaysia because of COVID-19 travel restrictions, the period of temporary absence shall [...]
Under the Double Tax Agreement, is there a limit to the credit tax granted against local tax?
The credit provided shall not exceed the local country’s tax as computed before the credit is given. Simply put, the credit will not exceed the local taxes; otherwise, it would result in [...]