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(TAX UPDATE) Stamp Duty Goes Fully New Digital Platform… What SME Bosses Must Know
LHDN has confirmed that the STAMPS system will be switched off after 31 December 2025. From 1 January 2026, all stamp duty matters must be done through e-Duti Setem (e-DS) via MyTax. No parallel system. No extension. The good news? 2026 is a grace year. Under the new Stamp Duty Self-Assessment System (STSDS), no penalty…
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Zero Training. 21KM. Full Fee Paid. Suffering
I ran the Kulai Half Marathon today with zero training. My half marathon Personal Best is 2 hours. Today, I finished in 3 hours 20 minutes and yes, I paid full registration fee for this “painful” experience. For the past six months, I did not run and train at all.Not because I was lazy.Because I…
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Malaysia Is a Fine Country Based on CP204 and CP204B
Malaysia is truly a fine country.Not because of nasi lemak, teh tarik, or our warm people. But because of fines.Especially when it comes to LHDN CP204 and CP204B. You change your financial year end?Fine. You forget to submit CP204B on time?Fine RM200 to RM20,000. LHDN not informed early enough?No problem. They continue issuing CP205 based…
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LHDN e-Invoice Compliance Review : What SME Bosses Must Know
LHDN has uploaded its updated e-Invoice Compliance Review Framework to its official portal effective 15 December 2025. This confirms one thing clearly : e-Invoice is no longer a “learning phase”. Honeymoon is over. Enforcement has started. Key points SME owners should note: Important timeline many overlook : Other points to remember: e-Invoice is now a…
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Deferred Tax Explained for Normal People
Accountants are prudent people.We worry today about things that will only happen tomorrow.That is why deferred tax exists. When I explain deferred tax to non-accountant-clients,I never start with accounting terms.I start with a simple business story. You buy a machine for RM100,000. In your accounts,the cost is spread over five years.Every year, RM20,000 goes into…
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