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🌟Tax Insight: Revisit Reinvestment Allowance (RA) 🌟
Reinvestment Allowance (RA) is particularly geared towards companies looking to reinvest in their operational capabilities across agricultural, manufacturing, and integrated activities. 🌟Why RA Matters🌟The RA is not just a tax incentive; it’s an opportunity for businesses to strategically reinvest and innovate. By allowing a claim of 60% on qualifying capital expenditures, it reduces taxable income…
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Mind Your Language
Dear Fellow KTP Colleagues I hope this message finds you well. I wanted to share an email extract from a former probationary employee (a Chinese graduate from local university) : “Since the assignment date is 12.04.2023, but I start to do the audit of the assignment date is 17.05.2023. Before start to do this assignment,…
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Why I Move Away from Low-Fee Clients
Recently, we had a client leave because they demanded a low fee despite an impending filing deadline. We explained the potential penalties for late filing, but they insisted on leaving. While I respect their decision, I am genuinely puzzled by how some firms continue to charge fees that have not changed in 20 years! At…
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Why We Celebrate Colleague Birthdays at KTP
At KTP, we believe in celebrating our colleagues’ birthdays every month for several reasons. Even though we are incredibly busy, especially during this super peak season, we make it a point to recognize and celebrate these special days. It’s part of our commitment to valuing each individual. Taking a moment to celebrate reminds us that…
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E-Invoicing Update for MSMEs in Malaysia
Finance Minister II Datuk Seri Amir Hamzah Azizan recently outlined new e-invoicing regulations and support mechanisms during a parliamentary session. Here are the key points: E-Invoicing Requirement: MSMEs with annual revenues less than RM150,000 are exempt from issuing e-invoices currently. However, all businesses, including small traders, are encouraged to adopt e-invoicing to align with Malaysia’s…
Koh Teck Peng Blog 