E-Invoice
Introduction To support the growth of the digital economy, the Government intends to implement e-Invoice in stages in an effort to enhance the efficiency of Malaysia’s tax administration management. This is in line with the Twelfth Malaysia Plan, where one of the key focus is on strengthening the digital services infrastructure and digitalising the tax […]
Implementation of E-Invoice in Malaysia
No, e-Invoice is applicable to both domestic and cross-border transactions. The cross-border transactions include import and export activities. For clarity, the compliance obligation is from the issuance of e-Invoice perspective. In other words, taxpayers who are within the annual turnover or revenue threshold as specified in Section 1.5 of the e-Invoice Guideline are required to […]
One director can set up company in Malaysia
A limited and Private Limited company in Malaysia must have at least one director (two directors in the case of a public company) at all times. They must be a natural persons (living persons, not organizations) who have their principal or only place of residence within Malaysia.
The importance of Implementing Audit System in Every Company
Auditing involves assessing the efficiency of a company’s internal controls. The upkeep of a robust internal control system is crucial for achieving business objectives, ensuring reliable financial reporting, preventing fraud and asset misappropriation, and minimizing the cost of capital. Internal and independent auditors play distinct roles, both contributing significantly to the company’s audit system. The […]