Comprehensive Overview of Sales and Services Tax in Malaysia 2025
5 minutesThe Malaysian government no longer implements the goods and services tax; rather, the new tax system in place is known as the sales and service tax in Malaysia. Goods and service tax was implemented for a few years between 2015 and 2018, but since 2018, the sales and service tax has replaced it. GST was found to increase the cost of living for the average Malaysian; hence, its abolishment. Sales and service tax in Malaysia, on the other hand, reduce the cost of living.
PLT vs SDN BHD in Malaysia
5 minutesA business organization is an entity created with the intent of conducting a type of commercial enterprise. Despite some being set up as non-profit charities, most businesses are set up to make profits. When it comes to business structures, all countries have a legalized system which is common but unique to individual country hierarchy. When starting a business in Malaysia, it is important to differentiate one business vehicle from the other. In this article, we will focus on the difference between PLT and SDN BHD in Malaysia.
Easy Beginner’s Guide to Open a Bank Account in Malaysia as a Foreigner
5 minutesIf you have recently just moved to Malaysia or are in the process of doing so, one of your most immediate goals is to create an open bank account in Malaysia. This article will touch on some of the most frequently asked questions surrounding this topic and other important tidbits to help shed more light on the matter.
Five Types of Business Entities in Malaysia Companies and Investors can Choose from
5 minutesMalaysia has always been a great place for ventures for the longest time as it is among the most technologically advanced places in Southeast Asia. What’s more, five types of business entities in Malaysia are offered to all investors and companies to choose from!
7 Convincing Reasons for Business Owners to Outsource Accounting Services in Malaysia
5 minutesHave you been managing the accounts and books for your business by yourself? If you have, how’s that been for you? With the numerous tasks that business owners have to take care of and overseeing the activities of staff and other business members, accounting and bookkeeping are definitely not fun tasks to take on.
Growth Opportunities: Expanding with 10+ Best Small Business Ideas In Malaysia
6 minutesSmall businesses are vital to Malaysia’s economy, significantly enhancing productivity, job creation, and employment across various sectors. If you are new to Malaysia and exploring profitable ventures, this guide outlines some of the top small business ideas to consider. Continue reading for the full list below.
Comprehensive Guide On Sarawak MM2H Requirements (SMM2H)
7 minutesFor those who may not be familiar, the Sarawak MM2H refers to the Malaysia My Second Home program specifically administered by the Sarawak state government. Malaysia My Second Home (MM2H) is a program that allows foreign nationals to live in Malaysia on a long-term basis, and Sarawak, one of the states in Malaysia, has its branch of this program.
In this article, we will be taking an in-depth look at everything this program entails and, most importantly, Sarawak’s MM2H requirements.
Essential Information on Withholding Tax in Malaysia
7 minutesWithholding tax in Malaysia is imposed on income paid to non-resident individuals or entities. The payer, typically a Malaysian company or government agency, deducts a portion of the payment and remits it to the Inland Revenue Board (IRB) on behalf of the non-resident. This ensures compliance with tax obligations and streamlines the collection of taxes on cross-border transactions.
A Comprehensive Guide to Malaysia MM2H Requirements (Malaysia My Second Home Programme)
8 minutesWelcome to the enchanting land of Malaysia, where the Malaysia My Second Home (MM2H) Program beckons with open arms. This initiative offers a unique opportunity for foreigners seeking a vibrant and diverse living experience in this captivating country. Malaysia, renowned for its warm hospitality, stunning landscapes, and rich tourism and culture, is an ideal destination to call your second home.
How to Open a Company in Malaysia
7 minutesMalaysia’s economy is quickly growing, making it an amazing place for business owners to start earning. It’s a great option for anyone wanting to invest in an up-and-coming market. If you’re interested in learning how to open a company in Malaysia, however, there are some things you should know about the Malaysia company formation process. This helpful guide walks you through what you need to know to set up a company and start doing business in Malaysia!