Uncategorized

Dormant Companies Penalties

Posted on

We are seeing a rise in the number of penalties issued by the IRB for various non-compliances by dormant companies. Directors of such companies should realize that though the companies are inactive with no business operations, the IRB now requires dormant companies to file annual corporate tax returns Form e-C and file the annual Employer’s […]

Uncategorized

DIDO & Tax Residency

Posted on

What is a DIDO? It is a schedule of DAYS-IN-DAYS-OUT, extracted from an expatriate’s passport for a calendar year. The DIDO tells the number of days an expat is physically present in Malaysia whether he is a tax resident or non-tax resident for that year of assessment. To be taxed as a non-resident means substantial […]

Uncategorized

Corporate Restructuring & Savings

Posted on

In any corporate restructuring, there are substantial transaction costs involved. It is therefore beneficial to early and quickly identify possible savings from available exemptions or reliefs. For example, in share or property transfers within a group of companies, there is the Section 15A stamp duty relief for transfers between associated companies. Section 15 duty relief […]