The reintroduction of the Sales and Services Tax (SST) will see its rate set at 10% for sales and 6% for services. This was announced by Finance Minister Lim Guan Eng on 16 July 2018, who informed that the Bill on SST will be passed in Parliament sometime in August. GST has drawn quite a bit […]

If you’re a Malaysian who earns more than RM34,000 yearly, it’s time to file your income tax returns for the Year of Assessment (YA) 2020. So you should refer to your Income Tax Return (EA) form and complete your filing by April 30. Ever wonder how you can maximise your tax deductions? It’s not that […]

The tax season is here again, and you’ll have to file your personal income tax returns by April 30 this year. There are so many income tax terms to understand that sometimes, we get confused. Today, we’ll be looking at the difference between tax relief and tax rebate. What is tax relief and tax rebate? […]

As the first deadline to file your income tax has just passed, you may be wondering what could happen if you file your taxes late? From getting fined, having to pay triple the amount of your tax to being barred from leaving the country, below is a list of what can happen if you don’t […]

Do you know what is income tax relief? Tax reliefs are set by Lembaga Hasil Dalam Negeri (LHDN), where a taxpayer is able to deduct a certain amount for cash expended in that assessment year, from the total annual income. These are for certain activities that the government encourages to lighten our financial loads. For […]

The first thing that should be noted is that in Malaysia and most other countries there are different ways that expats are classified based on the time they worked in the country. Non-resident working in Malaysia You are considered as a non-resident under the Malaysian tax law if you stay less than 182 days within […]

Ramai antara kita yang tahu akan kepentingan untuk pengurusan kewangan peribadi dan merekodkan semua perbelanjaan, namun realitinya tidak ramai yang melakukannya. Bagaimana untuk bermula? Dalam siri artikel ini, kami akan memperkenalkan konsep-konsep kewangan asas yang bakal membantu anda untuk memahami aturan kewangan peribadi. Jadi, jika anda berhasrat untuk menambahkan ilmu pengetahuan mengenai pengurusan kewangan yang […]

You can almost hear the groans about filing of taxes from everyone. It’s time to do your income tax again, everyone! (do it before 30 April 2021 for manual filing and 15 May 2021 for e-Filing). For new tax-payers, we’re going to make it easy for you with an easy-to-use guide. Starting from tax paying […]

Working as a full-time freelancer means you don’t have an employer to assist you with tax-related matters. This can complicate the tax filling procedure come tax season. So if you are new to freelancing and haven’t registered a tax file, here’s a quick guide on how you can do it. If you think freelancing is […]

The recent Budget 2021 proposes a number of initiatives for the real estate industry and home buyers. Read this article to find out the key highlights and benefits that home buyers can expect to receive from the latest national budget.  The Parliament has finally passed Budget 2021 at the policy level after 12 days of heated […]

Budget 2021 brings hope to small and medium enterprises (SMEs), startups and businesses in Malaysia that are affected by the COVID-19 pandemic. Read this article to find out the key highlights and benefits that your business can expect to get from the latest national budget. Many businesses, particularly small and medium-sized enterprises (SMEs) have been […]

Following the tabling of Budget 2021, the first major bill of the current administration, there has been a lot of discussions and debate over the proposed initiatives and how it could help Malaysians, as well as the country’s economy recover from the pandemic. These unprecedented times have not only thrown the economy into chaos, but […]

The recent economic highlights of  Budget 2021 was tabled in parliament by Finance Minister, Tengku Dato Sri Zafrul Aziz on 6 November 2020. Read below to find out the main takeaways that you can expect to get and understand how they may affect you and your business.  Though all eyes are currently focused on the […]

Malaysians are categorised into three different income groups: Top 20% (T20), Middle 40% (M40), and Bottom 40% (B40). This is based on the Department of Statistics’ (DOSM) Household Income and Basic Amenities (HIS/BA) survey of 2019. HIS/BA is conducted twice every five years. Over the years, the bar for each group’s income level has increased […]

Klasifikasi pendapatan di Malaysia dibahagikan kepada tiga golongan, iaitu T20, M40, dan B40. Maksudnya, pendapatan isi rumah bulanan penengah bagi kumpulan: Terendah 40% atau bottom 40% (B40) Kumpulan pertengahan 40% atau middle 40% (M40) Kumpulan tertinggi 20% atau top 20% (T20). Ini adalah hasil daripada kaji selidik Penyiasatan Pendapatan Isi Rumah dan Kemudahan Asas (PPIR […]

How do you feel when you have to leave your children to go to work? For stay-at-home moms, getting back to work is tough. As a working mother, they are afraid that bosses expect them to work like they do not have children! For the Belanjawan 2020, the government introduced the Women@Work initiative in an […]

How many of you know what a Micro Genius is? If you do, you had an awesome childhood! Remember games like Super Mario, Donkey Kong, and (my absolute favorite) Contra? And if you were the younger sibling, chances are you were either Luigi in Super Mario or the dude with the blonde flat top hair […]

Phew! Anticipation was through the roof as we diligently listened to what was broadcasted last Friday. I’m talking about the annual national budget that was tabled in Dewan Rakyat on October 11, 2019. With themes ‘Shared Prosperity’ and ‘Kemakmuran Bersama’ spearheading the highly-anticipated event, we were all eager to know if the proposed key initiatives […]

Stay tuned to this page as we’ll be conducting live Budget 2020 updates on October 11, 2019 at 4pm. Days Hours Minutes Seconds The annual national budget is taking place on October 11, 2019, with themes ‘Shared Prosperity’ and ‘Kemakmuran Bersama’ spearheading the highly-anticipated event. Making its mark as the second annual budget presentation for […]

Hello Malaysia! We’ve entered October and it only means that we get to see what’s in store for us next year when Lim Guan Eng, our Minister of Finance presents the annual budget on October 11, 2019. The annual national budget has been one of the most anticipated events for Malaysians year in, year out as […]