If it can be shown that the Subsidiary Company is not truly independent of the control of the Holding Company or Parent Company. This could be in the form of direct day-to-day [...]
Generally, no. Holding Companies or Parent Companies are separate legal entities from the Subsidiary Companies they own. They do not have an obligation for the legal or financial issues of the Subsidiary.
Yes, their relationships with their owned Subsidiary Companies are legally the same although a parent and a holding company is not the same in terms of its daily operations.
Foreigners who are classified as tax-resident are eligible to claim relief and deductions wherever applicable and with proof of receipts.
Income tax relief are set by the Inland Revenue Board of Malaysia to allow taxpayer to deduct a certain amount of money expended in an assessment year from the total annual income [...]
The Malaysian Tax Year is the calendar year; 1 Jan to 31 December.
As set out in the Income Tax Act, certain other criteria such as the below may confer resident status on a foreign employee: The taxpayer has been resident for fewer than 182 [...]
The Director and the Shareholder are responsible for the signing of the company’s Statutory Declaration for a company to be registered. Without their signatures, the company cannot be registered. [...]
Yes. A shareholder can also serve as a director. However, their legal roles are not the same. A director runs the daily company activities while a shareholder is an owner. Where a [...]
Yes, they do. Just like local shareholders, foreign shareholders in Malaysia have rights for example in receiving equal shares and equal surplus asset distribution.
