Malaysia and Austria signed a double tax treaty on the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. This agreement became effective since January 1st, 1987. The provisions of this treaty apply to taxes on income, imposed by the contracting states, irrespective of the…
Malaysia offers plenty of possibilities for business ventures. Individuals can operate as sole traders, in a form of business called sole proprietorship. It represents the most traditional form of business available, is very easy to set up, and has low maintenance costs. Taxation of sole proprietorships in Malaysia is made according to a specific financial and legal framework.…
For the purpose of economic gain, foreign and local investors in Malaysia can start a joint venture. Partnerships are economic entities comprised of two or more persons who perform together a business in a specific sector. The Malaysian partnerships can operate with a maximum of twenty members and their liabilities are unlimited. There are certain rules and regulations that stipulate…
