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Why I Ride #bicycle During Lunch?
Do you know I used to ride from Kulai to Taman Molek via Desaru Highway to work from 2016 to 2017? Despite what it might seem, I’m not an extreme biking hardcore hashtag#cyclist. I only stopped from cycling to work when on the highly publicised road accident that killed eight teenagers riding modified bicycles on…
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Malaysia Service Tax Rise to 8% March 2024
Here’s what you need to know:✅ Some services like food, telecom, parking, and logistics stay at 6%.✅Credit card fees remain at RM25/year.✅Other services like accommodation and clubs will be taxed at 8%. Transition Rules:✅ Services provided before March 1, 2024, are taxed at 6%, but after that date, it’s 8%.✅Payments made before March 1, 2024,…
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What’s in Store for Our #ktp Sport and Recreation Club in 2024?
Reflecting on our successes from last year, where we conquered a half marathon (21km) and a 15km social run through dedicated training, we’re now looking forward to setting our sights even higher for 2024. What next in 2024? As we brainstormed potential events to participate in, it became evident that there was a gap in…
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What Directors Should Do After Incorporation?
In Malaysia, it’s crucial for businesses to stick to deadlines set by government agencies like the Inland Revenue Board (IRB) and the Companies Commission of Malaysia (SSM). Failing to meet these deadlines can lead to problems, including financial penalties and legal issues. So, it’s important for businesses to understand the seriousness of missing these deadlines…
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Common Mistakes in Form E Regarding Company Trips:
In our hashtag#ktp blog, our audit associates Kam Shi Zhen (Bryan) and Yong Chun Gan from hashtag#ktp have highlighted some common errors often made by taxpayers when dealing with Form E in the context of company trips. One significant misconception is related to the taxation of airfare costs. Initially, employees enjoy an exemption from tax…
Koh Teck Peng Blog 