Digital Tax Fixed at 6% Effective 1 January 2020

Digital Tax Fixed at 6% Effective 1 January 2020

  Malaysia’s government will impose a 6% digital service tax on foreign service providers beginning 1 January 2020, following the passing of the Service Tax (Amendment) Bill 2019 on 8 April 2019.  The government has set the threshold for imposition of this...
Introduction to Transfer Pricing

Introduction to Transfer Pricing

Introduction to Transfer Pricing for Malaysian Companies & Startups with Presence in Different Countries What is Transfer Pricing? Transfer pricing generally refers to inter-company pricing arrangements for the transfer of goods, services and intangibles between...
Budget 2019 and Your Business

Budget 2019 and Your Business

With much fanfare, the Budget 2019 (themed “Credible Malaysia, Dynamic Economy, Prosperous Rakyat” was tabled early November 2019. For business owners and startups, this is no doubt a highly anticipated (or feared) event, and before the dust settles, we summarize how...
Budget 2019 and Young Working Adults in Malaysia

Budget 2019 and Young Working Adults in Malaysia

With the Budget 2019 tabled in Parliament by the Finance Minister on 2 November 2018, this article highlights the features of how this Budget will affect young working adults in Malaysia. Transport – Petrol, Toll, Public Transport If you own only one car or motorbike...