Construction Work-in-Progress (WIP) Accounting for Construction Companies in Singapore The construction industry operates differently from many other businesses. Since projects often span across months or even years, construction companies must carefully monitor project costs, progress billings, revenue recognition, and profitability…
Malaysia Economy Outlook 2026: Growth, Opportunities, and Challenges Ahead The Malaysia Economy Outlook 2026 remains broadly positive as the country continues to demonstrate resilience amid global economic uncertainties. Supported by strong domestic demand, stable inflation, recovering investments, and resilient exports,…
The Importance of Accountants in Choosing the Right Auditors for a Company Choosing the right auditor for a company is an important decision that can affect compliance, financial credibility, and business growth. While many businesses view audits as merely a…
Change of Auditor in Malaysia: Key Requirements and Procedures (2026 Guide) Changing an auditor in Malaysia is a regulated process governed by the Companies Commission of Malaysia (SSM) under the Companies Act 2016. Whether due to cost, service quality, or…
When Malaysian businesses make certain payments to non-resident individuals or companies, they may be required to deduct withholding tax (WHT) before making the payment. In other words, the payer must withhold a portion of the payment and remit it directly…
Corporate income tax is one of the primary taxes imposed on companies operating in Malaysia. Under the Income Tax Act 1967, companies are required to report their taxable income and pay tax on profits derived from their business activities. As…
In Malaysia, employers play an important role in ensuring proper income tax compliance for employees. In fact, employers act as an intermediary between employees and the Inland Revenue Board of Malaysia (LHDN) in administering employment income taxation. Under the Income…
When individuals or companies dispose of real property in Malaysia, the profit from the sale may be subject to Real Property Gains Tax (RPGT). This tax is governed by the Real Property Gains Tax Act 1976 and applies to gains…
Stamp duty is an important tax imposed on legal and commercial documents executed in Malaysia. Under the Stamp Act 1949, stamp duty is charged on specific instruments (written documents) rather than the transaction itself. The HASiL Navigasi 2026 guide highlights…
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…
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