In Malaysia, individuals who operate a business or participate in a partnership must report their business profits under the Income Tax Act 1967. Unlike employees who earn salary income, individuals engaged in business activities are required to calculate their business…
Malaysia is currently undergoing a significant digital transformation in tax administration through the introduction of e-Invoicing. This initiative, led by the Inland Revenue Board of Malaysia (LHDN), aims to modernise the tax system while simultaneously enhancing transparency and compliance in…
Income Tax and You (Malaysia): Key Things Individual Taxpayers Should Know Understanding your income tax obligations is an important part of financial responsibility. The HASiL Navigasi 2026 guide issued by the Inland Revenue Board of Malaysia (LHDN) provides a simplified…
With mandatory e‑Invoicing being phased in across Malaysia, businesses are undergoing a significant shift in how they manage, issue, and track invoice. For accountant, this change is not just a compliance requirement — it’s an opportunity to lead, advise, and…
Malaysia has rolled out new updates to the Sales and Service Tax (SST) framework, effective 1 January 2026. These changes aim to support MSMEs, reduce cost burdens for rental-related services, and offer continued relief for certain construction contracts. The adjustments also align…
Change Auditor in Malaysia: Complete Guide for Companies (2026) Changing an auditor in Malaysia is legal, common, and increasingly necessary — especially as companies prepare for FYE 2025 / 2026 audits, tighter compliance expectations, and capacity constraints among audit firms.…
ISQM 1 Explained: What Audit Firms Must Do Differently Now ISQM 1 represents one of the biggest shifts in audit regulation in decades. Yet many audit firms still treat it as a documentation update or a renamed version of ISQC…
How to Prepare for Your First Audit: A CFO-Level Checklist Preparing for your first audit can feel overwhelming — especially for CFOs and founders who have never gone through the process before. Many companies assume that an audit is simply…
Common Mistakes in Cross-Border Group Structures (SG–MY–HK–China) Cross-border group structures spanning Singapore, Malaysia, Hong Kong, and China are increasingly common among ASEAN and Greater China businesses. On paper, these structures often look efficient — optimised for tax, fundraising, or expansion.…
Marketing Spend vs Revenue Growth in Accounting Firms: What Partners Should Really Track The relationship between marketing spend vs revenue growth in accounting firms is often misunderstood. Many partners expect a direct, linear outcome: spend more on marketing, and revenue…
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