In Malaysia, the Tax Identification Number (TIN) plays a pivotal role in ensuring compliance with tax laws, e-invoicing and facilitating smooth business operations. This blog will explore everything you need to know about TIN in Malaysia. From understanding its format and providing examples to ...
Many people continue to use cars and motorcycles even though they know that they are bad for the environment. Why is this the case? What can be done to reduce the use of these vehicles? Give reasons for your answer and include any relevant examples from your own knowledge or experience. ...
All tax residents of Malaysia, both companies and individuals, who receive foreign-sourced income in Malaysia will be taxed under the new taxation policy. If you are a Malaysian business owner who have business overseas or are planning to expand into new markets, don’t miss this eve...
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Know the Oklahoma state tax requirements On a federal level, an Oklahoma LLC business owner can choose to get taxed as a sole proprietorship, a partnership (if there is more than one business owner), or a corporation. But there are state tax considerations as well: Corporate tax rate If th...
While investing in Malaysia continues to hold strong appeal for locals, companies listed on the Malaysian stock exchange often face… Read More » Wang Choon Leo, CFAOctober 1, 2024 0 Bonds vs. bond ETFs: Which is the better investment?
Life Income Fund (LIF) Rules Here are some general rules about LIFs:3 A LIF has the same minimum withdrawal rules as RRIFs. Withdrawals are considered income and are taxed at your marginal tax rate. In some provinces, you can use your spouse's age to determine the minimum account withdra...
If you’re Malaysian and new to investing, you’re probably wondering how to buy shares in Malaysia and open a Malaysian brokerage account. Or you could be a foreigner who wants to invest directly through a Malaysian brokerage and you’re thinking about which one to go with. ...
Once this is done, you also need to legally form a sole proprietorship/partnership firm/company before your venture can take off. 2. Get a Permanent Account Number (PAN) All export and import business owners need to obtain a PAN from the Income Tax Department. To start your online PAN ...
Do you need to account for any large, one-time cash inflows or outflows that may otherwise skew the numbers? How often do you have unexpected expenses and how are you managing them? Can you eliminate or reduce any variable expenses (utilities, subscription fees, etc.)?