The Malaysia Budget 2025, themed “Reinvigorating the Economy, Driving Reforms and Prospering the Rakyat,” focuses on strengthening the economy while enhancing the well-being of Malaysians. It features the largest budget allocation in Malaysia’s history, totaling RM421 billion, with RM335 billion…
Introduction Malaysia is embarking on a transformative journey with the implementation of a national e-invoicing system, a pivotal initiative spearheaded by the Lembaga Hasil Dalam Negeri Malaysia (Inland Revenue Board of Malaysia). This initiative aims to modernize the invoicing process,…
Malaysia aims to attract global unicorns via Unicorn Golden Pass – Rafizi during KL20 Summit 2024 Malaysia is actively working towards attracting global unicorns through the implementation of the Unicorn Golden Pass initiative, according to Economy Minister Rafizi Ramli. In…
The Malaysian government has introduced sales tax on low value goods (LVG) starting January 1, 2024. This tax applies to goods worth MYR500 (about USD$110) or less that are imported into Malaysia. The tax rate is set at 10%. Who…
What does a director of a company do? A director of a company is responsible for overseeing the company’s operations and strategic decisions. They provide leadership, set company goals, and ensure compliance with regulations. They also manage relationships with stakeholders,…
The Malaysian government has unveiled an expansive RM392 billion budget for 2024, seeking to balance economic recovery, fiscal consolidation and socio-economic upliftment. The 2024 fiscal plan sees increased allocations across healthcare, education, social protection, infrastructure development and agriculture. Key focus…
Incorporating a company is a significant decision for any business owner. It requires careful planning and execution to ensure that the process goes smoothly. Before you decide to incorporate your business, there are several important preparations that you need to…
Are you a small business owner running a sole proprietorship or enterprise and considering converting it to a Sdn Bhd (Sendirian Berhad) company? You’re not alone! Many entrepreneurs choose to make this change for various reasons, including tax benefits, limited…
With the announcement of Budget 2023 Malaysia (also known as Belanjawan Madani) on 24th February 2023 by Prime Minister Datuk Seri Anwar Ibrahim, who is also the Finance Minister, here are the key takeaways and revised budget 2023 highlights impacting…
Reevaluating your job goals and thinking about starting your own business at the beginning of the year is a terrific idea. There are numerous prospects to launch a successful and profitable business in 2023 due to changes in consumer preferences…
We are excited to announce that Corpso is collaborating with Big Dataworks Sdn Bhd (“BDW”), an innovative IT technology and RegTech company. Being the technology partner of Suruhanjaya Syarikat Malaysia (SSM), BDW owns and maintains the MYDATA SSM portal. Do…
Malaysia’s Human Resources Ministry announced that the enforcement of the Employment Act Amendments 2022 will be postponed from 1st September 2022 to 1st January 2023. You can read more about our take on Top 10 Employment Act Amendments 2022 Affecting…