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3E Accounting PLT - Malaysia, Menara Centara
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The Exchange established a new market called the LEAP Market that is aimed at facilitating access by small and medium-sized enterprises (“SMEs”) to raise capital from the capital market. It is a qualified market meant mainly for sophisticated investors.
Read More: https://www.3ecpa.com.my/sme/bursa-malaysia-securities-berhad-issued-new-leap-market-listing-requirements/ #leap #malaysia #sme #leapmarket
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Malaysia will begin imposing tourism tax from July onward and not in August as planned earlier.

According to Malaysian Tourism and Culture Minister Mohamed Nazri Abdul Aziz the money collected would be used to promote Malaysia overseas and refurbish tourism facilities.

Read More: https://www.3ecpa.com.my/taxation-and-gst/malaysia-to-impose-tourism-tax-from-july/ #tax #taxation #tourism #tourismtax #malaysia

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Alibaba Launches Tmall Retail Site

Chinese e-commerce giant Alibaba Group Holding Ltd is now targeting the sizeable 500 million population from South-East Asia, namely, Singapore, Malaysia, Hong Kong and Taiwan.

Following the launch of the new service, Tmall World, overseas Chinese users will soon be able to buy goods from Alibaba’s Tmall brand-to-consumer retail site.

Read More: https://www.3ecpa.com.my/invest-in-malaysia/alibaba-launches-tmall-retail-site/ #alibaba #tmall #malaysia #ecommerce

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Inland Revenue Board of Malaysia (IRBM) has, on 31 March 2017, released a press statement to clarify that the individual income tax imposed on Uber and GrabCar drivers is similar to the tax imposed on an individual who is carrying on a business.
Read More: https://www.3ecpa.com.my/taxation-and-gst/clarification-of-income-tax-on-uber-and-grabcar-drivers/ #malaysia #uber #grabcar
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As now is the tax season, there are things that you need to keep in mind. One of the important things you need to know is the penalty for late payment. If you file or pay late, or you do not file at all, you owe penalties and interest.

Read More: https://www.3ecpa.com.my/taxation-and-gst/gst-tap-system-now-charges-penalties-automatically/

#tax #gst

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Changes implemented by the Companies Act 2016
Effectively, all companies in Malaysia will now have to operate under the Companies Act 2016 framework. According to reports, the major changes are in relation to the incorporation procedure of companies, the omission of authorised share capital and par value for shares, as well as a corporate rescue mechanism for companies.
Read More: https://www.3ecpa.com.my/invest-in-malaysia/changes-implemented-companies-act-2016/ #companiesact2016

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e-Filing of Form CP204 AND CP204A
For the purpose of tax administration, the IRB has confirmed that SMEs are still required to submit the Form CP204 within the stipulated deadline but without any estimate of tax payable. Furthermore, the IRBM has announced that companies are required to furnish Form CP204 and CP204A via e-Filing with effect from the Year of Assessment 2018, as required under the provision of subsection 107C(1A) of the Income Tax Act 1967 (ITA 1967).
Read More: https://www.3ecpa.com.my/taxation-and-gst/e-filing-form-cp204-cp204a/ #e-filing #tax
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SRAO 2017 and Changes to Property-Related Legal Fees
The Malaysian Bar Council in November 2012 approved the amendments to the Solicitors’ Remuneration Order 2005 (“SRO 2005”) that have been gazetted as the SRAO 2017. The amendments were made to adjust the scale fees upwards for several chargeable items in respect of professional fees for the preparation of non-contentious documents.
Read More: https://www.3ecpa.com.my/invest-in-malaysia/srao-2017-and-changes-to-property-related-legal-fees/ #srao #property

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3E Accounting possessed valid tax agent licence and relevant practising certificates to offer professional solutions and advice to customers. Our professional knowledge in tax accounting has ensured the professional service of our team is always above par.
Our Recognition: https://www.3ecpa.com.my/press/services-by-qualified-and-approved-tax-agent/ #taxagent #tax #accounting
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3E Accounting International Network is honoured to be awarded the Best Home-grown Global Accounting Network by the Singapore Brand on 2 March 2017.

3E Accounting Malaysia is proud to be a member of the international network, an international network that has expanded to 34 countries in just 13 months. 3E Accounting believes that this is the international platform that helps to deliver international expertise to the doorsteps of customers and it helps the member companies to get a better worldwide presence.
Read More: https://www.3ecpa.com.my/press/singapore-brand-award-best-home-grown-global-accounting-network/ #accounting #global #international
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