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(Tax Update) Malaysia Stamp Duty Overhaul: Part 8
IRB Waives Penalty for Late Stamping of Employment Contracts — Until 31 Dec 2025 Only IRB (LHDN) has confirmed a one-time penalty waiver for employers who late-stamp existing employment contracts. Just make sure it’s done by 31 December 2025. No extension will be given after this grace period. What Must Be Stamped: What’s Exempted: For…
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The Hardest Call I Made Today … After 20 Years of Partnership
This morning, I made a phone call. Not to chase payment.Not to upsell service.But to say goodbye. My client — in his 70s now — has been with us for over 20 years.A humble Sdn Bhd.Business no longer active.Not making money. But for two decades, they filed their audit and tax returns, without fail.With us.…
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(Tax Update) STAMP Your Agreement Online with LHDN’s STAMPS
LHDN fully digitised the stamping process via the STAMPS system — making physical stamping a thing of the past. Here’s how SMEs can stay compliant under the self-assessment regime: 1️⃣ Register for STAMPS:Visit https://lnkd.in/gg6h9WK9Apply as Individual or Company user. Prepare SSM, IC & authorisation letter (if applicable). 2️⃣ Log In & Apply:Click: “Penyeteman > Permohonan…
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Eh… If I Don’t Stamp, How Would IRB Know?”
A SME boss once asked me nervously, “Eh… if I don’t prepare employment contracts, how would LHDN know?”“What if I collect rental without stamping tenancy agreement?”“I lent RM200k to my brother’s company — no agreement. OK ah?” I smiled and replied,“Bro, IRB officers don’t live on trees anymore.” We laughed. But it’s not a joke.…
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