An audit firm in Malaysia is incorporated for the purpose of providing audit services to other businesses operating in this country, in accordance with the regulations of the accounting legislation. In Malaysia, certain types of companies are legally required to appoint an auditor who will have the right of verifying all the financial documents of a legal entity. The audit firm…
The corporate tax in Malaysia is one of the basic income taxes that are applicable to companies and to other entities that obtain an income from the sale of services or goods. It represents a compulsory tax that is charged based on the income obtained in a financial year by a taxable entity. This is why the Malaysia…
The income tax system in Malaysia is divided between personal income taxes and corporate income taxes. The income tax in Malaysia will thus vary based upon these two basic categories in terms of the tax rate charged for the income of an entity, but also on the manner in which the entity has to submit tax returns…
One of the ways of opening a company in Malaysia is by registering a startup. A Malaysia startup refers to a type of business that is incorporated following the standard registration procedure and which will carry business operations related to the technology field in this country. Since startups can be used for the development of a wide range…
A consulting company in Malaysia is registered with the purpose of providing consultancy services to various entities. Typically, consulting companies usually offer their services to other businesses which need guidance when entering a new market or which seek for ways to improve their performance. Considering that not all businessmen have the necessary expertise in order to expand their…
The e-commerce industry in Malaysia is set to reach a total value of $3,751 million at the level of 2019 (the value is calculated in terms of revenues). Local and foreign entrepreneurs who want to open a company in Malaysia in the e-commerce industry must also take into consideration that this market is expected to further…
Online businesses are more and more popular across the world, including in Malaysia, due to the fact that internet services have become easily accessible to the world’s population. Having an online business means that the company may conclude financial transactions for its products or services at any given hour, thus not being bound by the traditional…
Malaysia has signed a treaty for the avoidance of double taxation with Spain in 2006 and the document became effective starting with 1st of January 2008. The double tax agreement (DTA) signed by Malaysia and Spain is applicable to both natural persons and legal entities that obtain taxable income, residents of the two contracting states. What are the taxes covered by…
Crowdfunding is an alternative system through which businesses can fund their activities and the development of their products or services; this type of funding is provided by a wide category of persons, including natural persons, who want are interested in sustaining a particular type of business. Those who want to open a company in Malaysia through a crowdfunding…
Malaysia and the Netherlands have signed a treaty for the avoidance of double taxation in 1985. Dutch investors who want to open a company in Malaysia should also know that the double tax agreement was amended more than a decade later, in Hague, and its new provisions became applicable starting with 1st of January 2000. Our team of consultants in company…
