Companies, limited liability partnerships, trust bodies, and cooperative societies that are dormant or have not commenced business are nevertheless required to submit the ITRF. This has been true ever since the 2014 year of assessment.
Tax administration in Malaysia is based on the concepts of paying, self-assessing, and filing. Monthly salary deductions are made for individuals with an employment income; they may also be made through installments for individuals with a business income. Taxpayers are to compute their own taxes and [...]
Every individual who is to be taxed is required to declare income to IRB. The taxpayer is responsible for obtaining and forwarding the Income Tax Return Form (ITRF). The taxpayer has to submit an ITRF that has been duly completed [...]
Business licenses issued in Malaysia only pertain to businesses which have been set up there. Therefore, such licenses are not valid in countries other than Malaysia.
In Malaysia, a DP10 work permit is also known as a Professional Work Permit Visa. It is valid for two years but can have its validity extended by up to 10 years. It is [...]
SSM was established in 2002. It is a statutory body that functions under the auspices of the Malaysian government. Its primary purposes are those of assisting in company incorporation and business registration [...]
A Sdn Bhd company is one of the most common business entities in Malaysia. It is a type of private company which is limited by shares. The liabilities of a Sdn Bhd company are also limited. [...]
The punishments for failure to prepare audited accounts, annual returns, or both are not imposed on the company, but on the company’s director. The director of a company which fails to do so will be [...]
SSM oversees all company registrations in Malaysia. Therefore, all company registrations have to go through SSM. It is impossible to register a company in Malaysia in any other way.
As is implied by its name, a Labuan international company must be based in Labuan. Any company based in any other part of Malaysia may not be classified as such a company.
