by KS Lee | Feb 17, 2016 | Updates
In the presentation of the revision of Budget 2016, Prime Minister had announced a reduction of employees’ monthly statutory contribution rate for Employees Provident Fund (EPF) “from 11% to 8% for members below age 60” and “from 5.5% to 4% for those age...
by KS Lee | Feb 17, 2016 | Updates
We refer to the above and wish to inform that pursuant to subsection 83 (1), Income Tax Act, 1967, every employer is responsible to complete and file Form E to Lembaga Hasil Dalam Negeri Malaysia (LHDNM) not later than 31st March 2016. Penalties ranging from RM200 to...
by KS Lee | Nov 27, 2015 | Updates
NOTICE FROM SSM – SSM WILL QUERY AND REFUSE TO REGISTER ALL THE SUBMISSION OF STATUTORY DOCUMENTS FROM BLACKLISTED INDIVIDUALS WHO FAIL TO SETTLE SSM COMPOUNDS. Referring to SSM notice that we received on 19th November 2015, please find below the translation in...
by KS Lee | Oct 5, 2015 | Updates
GST is implemented in Malaysia since 1st April 2015. There are Hidden Champions which do not require to be registered for GST because their “Taxable Turnover” (for definition: please refer to page 6 in this PDF) are lower than the “prescribed threshold of...
by KS Lee | Sep 15, 2015 | Updates
Suruhanjaya Syarikat Malaysia (SSM) Incentive for Discounted Compound up to 80% Kindly be informed that Suruhanjaya Syarikat Malaysia (SSM) has offered up to 80% discount on “Notice of Compound” issued. As stated in SSM website, this incentive is valid...
