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Human Resources Development Fund (HRDF)

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What Is Human Resources Development Fund (HRDF)? The Human Resources Development Fund (HRDF) was governed by the Pembangunan Sumber Malaysia Berhad Act 2001. It was established to develop quality human capital and world class workforce in Malaysia to achieve a high-income economy based on knowledge and innovation. The Human Resources Development Fund (HRDF) is a [...]
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Monthly Tax Deduction (MTD)

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What Is Monthly Tax Deductions (MTD)? Monthly Tax Deductions (MTD), also known as Potongan Cukai Bulanan (PCB) in Malay, is a mechanism in which employers deduct monthly tax payments from the employment income of their employees. This mechanism is designed to avoid the issues that come with requiring payment of a large sum of income [...]
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Employment Insurance Scheme (EIS)

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What Is Employment Insurance Scheme (EIS)? The Employment Insurance System (EIS), which will come into effect in 1 January 2018, will not only provide a safety net for retrenched workers but also valuable support services. It contains two components of benefits namely financial assistance and employment services programmes. Employment Insurance System (EIS) covers all local [...]
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Social Security Organization (SOCSO)

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What Is Social Security Organization (SOCSO)? Social Security Organization (SOCSO) was formed under the Employees' Social Security Act 1969 as a government department of the Ministry of Labour and Manpower on 1 January 1971. It is entrusted with the administration of two social security schemes, namely the Employment Injury Scheme and the Invalidity Scheme. The [...]
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Employees Provident Fund (EPF)

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.fluid-width-video-wrapper { padding-top: 400px!important; } What Is Employees Provident Fund (EPF) The Employees Provident Fund (EPF) is a social security institution formed according to the Laws of Malaysia, Employees Provident Fund Act 1991 (Act 452) which provides retirement benefits for members through management of their savings in an efficient and reliable manner. The Employees Provident [...]
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Halal Certificate

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Do you wish to attract more customers to your restaurant? Do you feel that halal certificate is hard to apply? You can actually apply via MYeHALAL website now! 1. How to define Halal Certificate? Department of Islamic Development Malaysia (JAKIM) is the agency responsible for the  Islamic affairs including halal certification in Malaysia. Halal certificate [...]
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Business License

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Before a company legally start operating in Malaysia, it is required to have certain Malaysia business license to operate and comply with. The requirements for Malaysia business license application may vary according to each local authority. Some of the Malaysia business licenses are required local Malaysian’s participation (in term of shareholding and directorship) in the [...]
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Choose An Ideal Business Vehicle

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Of all the choices you make when starting a business, one of the most important is the type of legal structure you select for your company. Not only will this decision have an impact on how much you pay in taxes, it will affect the amount of paperwork your business is required to do, the [...]
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Rental Income

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Introduction Many investors own real properties in Malaysia as part of their investment portfolio and receive rental from them. These could include houses, apartment, condominium, shophouses, industrial factory, commercial office and so on. In Malaysia, income derived from letting of real properties is taxable under paragraph 4(a) (business income) or 4(d) (Rental income) of the [...]