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Continue reading →: (Tax Update) Mr Koh, You Got Lubang with MIDA Right?
The call came in with no greeting.Just one sentence straight into my ear: “Mr Koh, you got lubang with MIDA right?” A tax prospect wanted to apply Pioneer Status tax incentive from MIDA after THREE years in operation. Then he asked the famous Malaysian question: “You can kautim everything?” I…
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Continue reading →: (TAX UPDATE) We Got Sacked for Asking Too Many Questions on Tax Incentives
Last year, a new transferred client told me something many SME bosses will recognise : Then they placed the past year tax incentive form Claim for Reinvestment Allowance (RA) under Schedule 7A, Income Tax Act 1967 on the table with confidence. “Boss, our previous tax agent not so troublesome. This…
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Continue reading →: (TAX UPDATE) Director’s Personal Car Placed “Under Trust” in a Sdn Bhd
Boss, your personal car “put under trust” in Sdn Bhd is NOT a magic tax hack. This is one of the most common tax traps we see. Many directors think:“Put company as trustee, company pay petrol, road tax, insurance, servicing… then can claim CA and deduction.” Reality check : LHDN…
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Continue reading →: 150 Accountants in One Room and I Felt Grateful
Yesterday morning, in the middle of January peak season, more than 150 accountants still chose to show up for the MIA Members Update and Networking session. By 9am, the room was already full. That itself says a lot about this profession. First, a sincere thank you. Kudos to MIA, especially…
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Continue reading →: (Tax Alert) Pioneer Status and ITA Are Now Under Closer IRB Review
SME taxpayers should be aware that the Inland Revenue Board (IRB) is now paying much closer attention to companies enjoying tax incentives such as Pioneer Status and Investment Tax Allowance (ITA). In the past, many companies treated these incentives as a one-time approval. Once MIDA granted the incentive, they assumed…
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Continue reading →: (TAX UPDATE) Can a Sdn Bhd Use Cash Basis Accounting in Malaysia?
Last month, a new Sdn Bhd director called me and said: “Can I prepare my accounts on cash basis?”“Very unfair to pay tax when customers not pay yet!”“Government untung. We suffer!” I almost fainted. Not because it’s a common question from directors but because this thinking is what quietly gets…
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Continue reading →: Why Law-Abiding Businesses Feel the Most Pain in Malaysia
Doing the right thing is getting more susah in Malaysia. Yesterday, just before a Hash run, I bumped into an old hasher friend. Quick small talk.He asked, “How’s business?”I asked back, “How’s yours?” He runs an optical shop in Johor Bahru.More than 40 years already. A seasoned businessman. And his…
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Continue reading →: CP500 Penalty Waived for 2026 … What This Means for Taxpayers
On 5 January 2026, Lembaga Hasil Dalam Negeri Malaysia (HASiL) announced an important concession following the New Year Address 2026. Many individual taxpayers who received CP500 instalment notices, especially salaried employees with some side income, were concerned about penalties. The Government has now confirmed that no penalty will be imposed…
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Continue reading →: Dear Young Professionals in Accounting Firms,
I still remember a group of Big 4 audit staff came to my office for a meeting. They were smart. Polite. Well spoken. After the meeting, they left.And on the table… used tissues, scattered papers, empty cups. I stood there for a moment and thought the next morning,“Alamat… how can…
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Continue reading →: (Tax Update) A Practical Guide for SMEs on Qualifying for Pioneer Status and Investment Tax Allowance under MIDA’s Promoted Activities & Products List
Most SMEs think tax incentives are something you apply for after you invest. That is already too late. In Malaysia, Pioneer Status and Investment Tax Allowance are not automatic. They are controlled by one document only. MIDA’s Promoted Activities and Products List. If your activity is on the list, you…
KTP & Company PLT
Trusted audit and accounting firm established in 1999, specializing in providing tailored financial services to small and medium enterprises (SMEs) across Malaysia.
Hello,
I’m Koh Teck Peng
Welcome to my blog, I’m the founder and principal of KTP & Company PLT. My journey in the accounting profession has been driven by a passion for numbers and a dedication to helping businesses succeed. With over 25 years of experience, I’ve had the privilege of working with a wide range of clients, from small startups to large corporations, providing them with the financial insight and strategic guidance they need to thrive.
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