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Welcome To Our Latest Newsletter

Dear Valued Clients,

We are glad to present you our newsletter for May 2016.

Please be informed of the change in our Company’s mobile number to +6012 313 7728. Please use this number if you wish to SMS or whatsapp us.

This month, we have also completed our partnership agreement with a member from Cambodia and we are now ready to serve our clients who wish to venture into Cambodia market. We wish to take this opportunity to welcome our Cambodia partner, V CHARTERED ACCOUNTANTS CO., LTD, a member firm of Kampuchea Institute of Certified Public Accountants & Auditors with offices in Phnom Penh and Sihanoukville. For more information regarding V CHARTERED ACCOUNTANTS CO., LTD, please refer to here.

We wish to highlight that we are one of the first few pioneer service providers in the Malaysia market offering free consultation services with a team ofexperts equipped with strong knowledge and professional skills in corporate advisory, accounting, tax, GST, payroll, immigration, auditing, nominee director services, compliance and legal matters. We trust that with our professionalism and best quality of services, we can be your best choice of service provider in the market who can provide the best services to you where you can have all your corporate needs well taken care of under one roof by the same firm.

3E Accounting Team

We are excited to inform you that we are supporting our clients with MSC status application as well. MSC Malaysia status is awarded to both local and foreign companies that develop or use multimedia technologies to produce or enhance their products and services, and for process development. You can enjoy up to 10 years of tax exemption once approved. Click here for more information.

It is very challenging for a service provider like us to maintain the best quality of services within this competitive industry at the lowest price. However, we value the need to strike a balance between servicing our clients economically and making a marginal profit to remain sustainable. Please rest assured that you have made the best choice if you have chosen us as we can assure you that we are still the lowest priced services provider in the market among the high quality segment competitors.

Revision of Secretarial Service Fee

We would like to inform our valued clients that our company secretarial services fee will be revised to RM 1,000 per year with effect from 1 July 2016.

The revision is made mainly due to the following reasons:

- Rental cost and staff cost in Malaysia have been increasing steadily for the past few years but we have not revised our fee since our first day of operation.

- The existing fees is far below our very own breakeven point and the market rate among our main competitors.

- We are enhancing our secretarial package with the following added services in line with the high demand and request by the majority of our clients

> Receipt of normal mails, air mails, parcels (below 3 kg) or registered mails *
> Mail forwarding / Courier arrangement to a local / overseas address on daily / weekly / monthly basis is available (Service fee of RM 1 is applied for each forwarding)
> Daily notifications via email of mails received
> Statement of letters received is available upon request
> Free General Fax Services
> Free letter scanning services upon request

* Approval must be obtained for any bulky items / parcels (especially it is more than 3 kg) to be sent to the virtual office address. Daily handling fee and storage fee will apply.

On a goodwill basis, all our existing clients will be auto upgraded to the new services package without any action to be taken by you. There will be no additional top up fee required from you and you can enjoy this services free of charge until the expiry of your existing secretarial services package. For any renewal after 1 July 2016, the renewal fee of RM 1,000 per year will apply.

Kindly be reminded that the following extra terms and conditions will apply under the new secretarial services package:

• Upon termination of service or expiry of secretarial service, any mails, faxes and parcels delivered to 3E thereafter must be collected within one (1) month of termination of service/expiry of secretarial service, failing which all mails, faxes and parcels will be disposed off without notice to you.

• 3E reserves the right to forfeit any deposits / payments made if you default on any outstanding fees for any services /facilities provided by 3E to you. For mail forwarding services, the actual postage plus service fee will be reimbursed from the Company.

• 3E reserves the right to return any uncollected mails to mail/parcel senders and lodge the change of registered office address to your business address or your Director’s last known residential address in Malaysia provided to us, if any, upon expiry / termination of the secretarial service with or without notice to you. By entering into this Agreement with us, you are deemed to have consented to this arrangement.

• 3E reserves the right to open any letter or parcel to help identify the addressee should 3E is not able to identify who the letters / parcels belong to.

• 3E shall not be held responsible for any loss of mail or correspondence in the process of redirection of mail. Approval must be obtained for any bulky items (especially if it is more than 3 kg) to be sent to the registered office. Bulky items must be collected by the next working day. 3E will reject any bulky items without prior approval. Besides, 3E reserves the right to dispose the Bulky items which is not collected by the next working day.

• Should you request for redirection of mails to a designated address, actual postage will be reimbursed and our service fee of RM1 for each mail forwarding will apply.

• A minimum courier deposit of RM100 is required for any local and/or overseas mailing / courier arrangement.

• Local out-going fax charges applies (From RM1 for each page), faxing to overseas number (From RM2 for each page) is subjected to approval.

• Incoming faxes should be attention to your Company name for easier identification and 3E shall not be held responsible for any delay, non-sending & loss of fax(es) for you.

• This agreement shall remain effective for all subsequent services renewal.

• You hereby confirm that you are using the above services for legitimate business only and fully indemnify and hold 3E harmless from any loss, responsibility, costs or damages or liabilities from any party concerned.

For Updated full secretarial services package detail, you can refer to here

Thank you.

Stephanie Chua
Stephanie Chua
Managing Partner

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3E Accounting

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       Singapore | Malaysia
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Press Release
Interview with Channel NewsAsia
Interview with Channel NewsAsia Read More

New Office Expansion to Menara Centara
3E Accounting, Malaysia – New Office Expansion to Menara Centara Read More
Notice of Holiday

Labour Day & Vesak Day

Our office will be closed on 2 May 2016 for Labour Day Public Holiday and 23 May 2016 for Vesak Day Public Holiday Replacement.  

We will be operating on 3 May (Tue) onwards and 24 May (Tue) onwards, respectively.

Dear Clients,

Our directors and staffs will
have no access to the email during these period and all
email will be attended to once we are back to the office on the next working day.

We apologize for any
inconvenience caused.

Setting Up Company in Malaysia
Please click here for Complete Guides for setting up company in Malaysia.
Guide to Malaysia Company Registration
Guide to Select Your Malaysia Company Names
Incorporation FAQ
Determining Financial Year End
Sole Proprietor vs LLP vs General Partnership vs Company
Guide to Foreigner Setting Up Company in Malaysia
Foreign Company Setup Options

Company Compliance
For more information about Company Compliance, Please click here. (i.e. Obligations under Companies Act, 1965; Directors’ duties and prohibition under the Companies Act, 1965; Responsibilities As Employers; Obligations under Income Tax Act; Obligations under Goods and Services Tax (GST) Act).

Hiring Staff in Malaysia
For Guide to Hiring Staff in Malaysia, please click here.

GST Registration Obligation
Any person who makes a taxable supply for business purposes and the GST exclusive value of the taxable turnover of that supply for a period of 12 months or less exceeds the threshold of RM500,000 is required to be registered for GST. You must apply for GST registration within 28 days from the date the annual taxable turnover exceed RM500,000 (determined based on either the historical or the future method). Please click here for complete guides for GST registration

Reverse Charge for Importation of Services

 A supplier who does not belong in Malaysia and supplies services to a customer in Malaysia does not have to charge GST. However, the customer who receives the services for the purpose of any business carried on by him is required to account for GST by a reverse charge mechanism.
When services are imported from outside Malaysia and supplied to a recipient in Malaysia, being taxable supplies if made in Malaysia, the recipient of the supply shall account and pay GST if such imported services are for the business purposes and consumed in Malaysia. He shall account for output tax on the portion of the services consumed in Malaysia. If the recipient is a taxable person, he is entitled to claim input tax on the services if the imported services are used for making taxable supplies.
If the recipient is not a taxable person, he is still required to account the GST as output tax and declare the tax in a prescribed form (Form GST-04). The tax has to be paid not later than the last day of the subsequent month from the month in which the payment of supply is made.
The time of supply of imported services is due when payment is made by the recipient of that service to the extent covered by the payment made.
A recipient does not need to issue any tax invoice when he receives an imported service. But for audit purpose, the recipient should keep the invoice he receives from the overseas supplier.
For online submission of Form GST-04, refer to:
Click here for more information about Overview of GST in Malaysia

Tax Planning
Looking for tax savings method for Personal, please refer to:
Personal Income Tax Planning

Click here for more Resources

Awards and Recognition

3E Accounting
3E Accounting PLT
Unit No. 20-01, 20-02, 20-03, Level 20, Menara Centara, 
No. 360, Jalan Tuanku Abdul Rahman,
50100 Kuala Lumpur, Malaysia
+603 - 2603 7328
Copyright © 2016 3E Accounting PLT, All rights reserved.

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