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CP500 Penalty Waived for 2026 … What This Means for Taxpayers
On 5 January 2026, Lembaga Hasil Dalam Negeri Malaysia (HASiL) announced an important concession following the New Year Address 2026. Many individual taxpayers who received CP500 instalment notices, especially salaried employees with some side income, were concerned about penalties. The Government has now confirmed that no penalty will be imposed in 2026 for non-payment of…
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Dear Young Professionals in Accounting Firms,
I still remember a group of Big 4 audit staff came to my office for a meeting. They were smart. Polite. Well spoken. After the meeting, they left.And on the table… used tissues, scattered papers, empty cups. I stood there for a moment and thought the next morning,“Alamat… how can this happen? Where is the…
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(Tax Update) A Practical Guide for SMEs on Qualifying for Pioneer Status and Investment Tax Allowance under MIDA’s Promoted Activities & Products List
Most SMEs think tax incentives are something you apply for after you invest. That is already too late. In Malaysia, Pioneer Status and Investment Tax Allowance are not automatic. They are controlled by one document only. MIDA’s Promoted Activities and Products List. If your activity is on the list, you may qualify.If it is not,…
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Why does time suddenly fly after 50?
Last week,I was running at Gunung Pulai with my hashing friends. I joked, half laughing, half shocked:“Eh… how time fly like this?It’s almost end of 2025 already.Macam yesterday just Chinese New Year.大家又赚多一年!” Everyone laughed.But it stayed in my head. So I went to read a bit.And what I found was interesting. When we are young,…
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(Tax Update) Transition from STAMPS Portal to e-Duti Setem
Please register for e-Duti Setem promptly, as the STAMPS portal will be ‘retired’ at 6pm today. To access e-Duti Setem, users must first log in to their individual MyTax portal, select “Perkhidmatan ezHasil”, then navigate to “Duti Setem” and subsequently “e-Duti Setem”. If your company or law firm has registered you as an ejen (agent)…
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