Finance Act 2017 has been gazetted on 16th January 2017. The changes which was announced during Budget 2017 on withholding tax has finally come into effect. What is withholding tax (WHT)? Withholding tax is only applicable to non-residents who render services to Malaysian companies. In other words, the tax authority wants to collect income [...]
Companies Act 2016 (“CA2016”) has come into forced on 31st January 2017. Salient points on CA2016: Simplify procedures for incorporation. Single resident director and single shareholder for private company. Public company must have at least two resident directors. Company secretary may be appointed within 30 days of incorporation [except for Company Limited by Guarantee (“CLBG”)] For [...]
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