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Malaysia Payroll, Accounting, Business Management Articles & guidelines

Stay current with the latest changes, rules, and regulations in Business, Management, Taxation, Payroll in Malaysia. Get access to the latest news and articles.


Account Related

Capital Allowance
SQL Account
LHDN
Capital Allowance is used as a subsidy to for the depreciation of fixed assets. Capital allowance is given to reduce the tax payable for the capital.
What is Employee Retention Programme (ERP)?
SQL Account
Prihatin
Employee Retention Programme / Program Pengekalan Pekerjaan is an immediate financial assistance worth RM600 monthly for employees who have been inst...
What is Withholding Tax?
SQL Account
LHDN
Withholding tax is an amount that is withheld by the payer on income earned by a payee who is not a resident in Malaysia.
What Is Wages Subsidy Programme (WSP)?
SQL Account
Prihatin
The purpose of the wage subsidy programme is to help employers affected economically by Covid-19 to continue operations and avoid the loss of jobs and...
What Is Digital Tax?
SQL Account
RMCD
A 6% service tax will be implemented for digital services in Malaysia from 1st Jan 2020 onwards. The tax is expected to affect streaming services like...
What is CP 500?
SQL Account
LHDN
Popular
CP500 is a "Notis Bayaran Ansuran" which means "Prepayment of Income Tax by Installment". Form CP500 is a tax installment scheme for a taxpayer that h...
7 Factors to Consider When Buying an Accounting Software

SQL Account
Transfer Pricing

As of 2020, the government has imposed penalties for companies who are non-compliant with transfer pricing regulations. Prior this, such penalties did...

SQL Account
4 Type of Business Incorporations in Malaysia

Are you thinking of starting a business in Malaysia? Did you know there are more than 1 type of business incorporation in Malaysia? In Malaysia there ...

SQL Account

Payroll Related

socso malaysia - sql payroll
What is SOCSO (PERKESO)?
SQL Payroll
SOCSO
SOCSO provides assistance both medically & financially to employees that have had their abilities reduced or incapacitated due to accidents or disease...
What is CP38 - SQL Payroll
What is CP38?
SQL Payroll
LHDN
CP38 is an additional tax deduction issued by LHDN. CP38 requires the employer to make additional deductions in the form of monthly instalments from t...
What is PCB Malaysia?
SQL Payroll
LHDN
is an income tax deduction mechanism from an employee’s current monthly remuneration in accordance with the schedule of Monthly Tax Deductions (PCB)...
What is KWSP - SQL Account & SQL Payroll
What is EPF (KWSP)?
SQL Payroll
KWSP
A portion of an employee’s salary and employer’s contribution on behalf of their workers. Every company is required to contribute EPF for their st...
What is HRDF?
SQL Payroll
HRDF
The Human Resources Development Fund (HRDF) is a pool of funds that consists of Human Resources Development levies collected from employers of the man...
What is EA Form / Borang EA?
SQL Payroll
LHDN
Popular
EA form is a Yearly Remuneration Statement for private employees that includes your salary for the past year. EA form is used for the filing of person...
What is CP58?
SQL Payroll
LHDN
Popular
CP58 is a statement of monetary and non-monetary incentive payment to an agent, dealer or distributor
What is borang E / form E - SQL Payroll
What is Borang E / Form E ?
SQL Payroll
LHDN
Popular
Form E is a declaration report submitted by every employer to inform the IRB on the number of employees and the list of employee's income details ever...
What is Benefits In Kind (BIK)?
SQL Payroll
LHDN
BIK are non-cash benefits provided by employers to their employees and are treated as income of the employees
Form TP1, TP2 & TP3 Malaysia
SQL Payroll
LHDN
LHDN has created 3 types of TP forms, It is the employer’s responsibility to ensure that their employees receive TP1, TP2 forms, TP3 is the employee...
sql-cp22
From CP22 VS CP22A
SQL Payroll
LHDN
Popular
Income Tax CP22 is a form that has to be submitted by the employer to notify LHDN on the newly recruited employees, where else, income tax form CP22A ...
eis malaysia sql
What is Employment Insurance System (EIS)?
SQL Payroll
EIS
EIS is a financial scheme aimed at helping employees who have lost their job, and it is managed by SOCSO. This scheme is meant to enable retrenched wo...
KWSP Borang A, SOSCO, LHDN PCB Submitted but found mistake, how to resubmit second time?

SQL Payroll
Rental income not deductible expenses LHDN tax rate

What are the 3 taxation traps if you own property for rental income?

SQL Payroll

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