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Maximizing MIDA Tax Benefits: Why Sdn Bhd Companies Succeed Where Enterprise Fall Short
As a tax agent, I often emphasize the tax benefits of incorporating a Sdn Bhd (Private Limited Company) in Malaysia, especially when tapping into incentives offered by the Malaysian Investment Development Authority (hashtag#MIDA). Key advantages include: 1. Pioneer Status (PS) : This offers a 5-year income tax exemption on 70% to 100% of statutory income.…
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I dislike Real Property Company (RPC).
The new Income Tax (Exemption) (No.7) Order 2023 has brought in some good news. It offers an exemption from income tax on gains or profits from selling shares in unlisted Malaysian companies between January 1, 2024, and February 29, 2024. This means that for shares of Real Property Companies (RPC), which were traditionally subject to…
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Long Email and Whatsapp Messages
In the past, my communication approach with office colleagues hashtag#ktp involved lengthy emails and WhatsApp messages. Exactly like the Energizer bunny slogan “keep going and going” However … This method proved ineffective for several reasons: My team found it challenging to grasp the essence of my messages, leading to misunderstandings most of time. Due to…
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Business acumen for senior auditor/tax agent
Last Friday, my managers replaced me for an important AGM meeting at the last minute. This made me think about the different skills needed for big meetings like AGMs, compared to regular audit and tax work. I asked why being at an AGM is different to my managers. The answer was that understanding business, not…
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Stress in the workplace
Dear fellow colleagues at hashtag#ktp We, accountants at hashtag#ktp, often experience significant hashtag#stress, and it’s essential to recognize the signs of hashtag#overworking. Here are four indicators that you might be pushing yourself too hard: 1. Excessive work hours ⏲If you consistently find yourself working longer hours than your colleagues, it could indicate an overwhelming workload.…
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