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IRB Guideline is Out : Stamp Duty Exemption for Old Employment Contracts!
LHDN just dropped an important update that might affect your HR documents especially your employment contracts. What’s new? If your employment contract was finalised before 1 Jan 2025, you’re exempted from stamp duty (RM10 under Item 4, First Schedule, Stamp Act 1949). No penalty for late stamping too. But there’s a catch for newer contracts:…
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I Didn’t Run the Charity Event … But My Team Did. That’s My Real Win.
“Boss, why you didn’t join the charity run?”That one question from my colleague caught me off guard. She asked while handing over an audit file for review on a hectic Tuesday morning. I smiled.Told her the truth.Calf injury. Uric acid flare-up. Three weeks and counting. Still recovering. But deep inside… I felt something else.Pride. Quiet,…
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MITRS 2025: More Work. More Cost.
“Boss, this one just upload PDF only?” That is a common response we hear from our SME client But as your tax agent, we see the full picture and it is far more serious than it sounds. Effective 1 April 2025, LHDN requires all companies and LLPs to submit supporting documents through the Malaysian Income…
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(TAX UPDATE) RM150,000 E-Invoice Threshold – Don’t Get Caught!
“My company earns less than RM150,000, no need for e-Invoice.”“I have a few sole proprietorships, each below RM150,000 – should be exempt.”“We’re just a small company in a big group, our revenue only RM90,000.” These are common misunderstandings and they’re wrong. Yes, LHDN gives e-Invoice exemption for businesses with annual revenue below RM150,000. But the…
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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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