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Welcome To Our Latest Newsletter
Dear Valued Clients,
Welcome to our E-Newsletter November 2016
We are glad to present you our newsletter for November. What’s new and exciting this month?
Ready to Support
In this issue of newsletter, we are glad to share with you that we are now one step further into our expansion quest by welcoming our new network member from Thailand, Myanmar and China. Together now we can support anyone who is interested to setup in any countries in ASEAN except Brunei.
Currently, we have a support network consists of 600 staffs in 38 offices across 27 countries ready to assist new entrepreneurs to start up and grow their businesses.
Apart from that, with “the World’s leading corporate service provider, offering services beyond excellence” as our Vision, we are happy to present you our first corporate video to introduce us, which you can see at the bottom part of this email.
We hope you will enjoy it and feel free to share with your friends to know us better in just one minute plus.
Something New
We would like to share with you on the Highlights of Malaysia Budget 2017. Please feel free to drop by our website for this at Highlights of Malaysia Budget 2017.
Estimate of Tax Payable (Form CP204) Submission Deadline
Last but not least, we would like to remind you that the Form CP204 is required to be submitted to the Inland Revenue Board not later than 30 days before the beginning of the basis period (financial year) for that Year of Assessment.
For company / limited liability partnership which has a basis period from 1 January 2017 to 31 December 2017 (December Year End), the deadline for submission of Form CP204 for Year of Assessment 2017 is 30 November 2016.
Please visit Estimate of Tax Payable for more information.
Remember to call us if you require any assistance.
Otherwise, stay tune for any new update and interesting news from us.
Thank you.
Stephanie Chua
Managing Partner
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Highlights of Malaysia Budget 2017 in Malaysia
On 21 October 2016, YAB Dato’ Sri Mohd Najib Bin Tun Haji Abdul Razak, Malaysia Prime Minister has tabled Budget 2017 themed “Ensuring Unity and Economic Growth, Inclusive Prudent Spending, Wellbeing of the Rakyat”. The following is the summary of Highlights of Malaysia Budget 2017 which were announced in Parliament.
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IRBM Public Ruling No. 7/2016
IRBM Public Ruling No. 7/2016 We are hereby informed that the Inland Revenue Board of Malaysia (IRBM) has, on 7 October 2016, issued Public Ruling (PR) No. 7/2016: Basis Period for Companies Under Liquidation. The objective of this PR is to explain the determination of the basis period for companies under liquidation.
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Application of Import Duty Exemption on Machinery & Equipment and Raw Materials & Components
Implementation of Online Submission for The Application of Import Duty Exemption on Machinery & Equipment and Raw Materials & Components All applications for import duty exemption which involve PC1, PC Services, PC2, PC2A, PC2-1, SPM1 and SPM2 need to be submitted online with effect from 1 November 2016. With effect from 1 November 2016, all…
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Registrants who fail to make GST payments within a prescribed period
Imposition of Compound on Registrants who fail to make GST payments within a prescribed period Registrants who still have outstanding tax in the year of 2015 will be given until 31 October 2016 to pay the outstanding amount. Failure to do so will be imposed a compound to the maximum amount of RM 20,000. Registrants… Read More |
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Goods and Services Tax (GST) Audit Framework
GOODS AND SERVICES TAX (GST) AUDIT FRAMEWORK The Royal Malaysian Customs Department (RMCD) has recently issued the GST Audit Framework which can be downloaded from its website at here. Need more insight information? Feel free to contact 3E Accounting for us to assist in getting yourself prepared and ready for the GST audit. Prevention is…
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RM88.4 Billion Worth of Investments Approved In 1H2016
RM88.4 Billion Worth of Investments Approved In 1H2016 The approved direct investments in the services, manufacturing and primary sectors in the first half of 2016 (1H2016), totalled RM88.4 billion compared with RM125.9 billion in the same period last year. The investments approved in 1H2016 were in 2,499 projects, and are expected to generate more than… Read More |
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Hire illegals and we will freeze assets, warns Immigration
Hire illegals and we will freeze assets, warns Immigration On 13 September 2016, DG says Immigration Dept will start using full provision of law to punish employers who flout law by hiring and protecting illegal foreign workers. Pointing to a provision under Section 56(1) of the Immigration Act, the department’s director-general Mustafar Ali said the… Read More |
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Reminder for register online business with SSM
Reminder for register online business with SSM Many people dabble in business online to supplement their income, but did not register company or business with the Companies Commission of Malaysia (SSM) to avoid Inland Revenue Board queries. This is an offence punishable under the Registration of Businesses Act. For those who make use of social…
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3E Accounting is a leading international accounting firm that provides truly one-stop solutions for businesses, committed in helping businesses in the areas of Company incorporation, nominee director, LLP setup, immigration, work pass application, stamp seal maker, accounting, tax, GST, secretarial, human resource, cloud based accounting software support, business advisory, and virtual office services.
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Currently, our network group has presence in 27 countries globally, with a total combined staff strength of more than 600 staffs and 38 offices across Asia, North and South America, Africa, Oceania and Europe. We are not just to support you locally in Singapore, but to support you for your business expansion in overseas as well when you are ready.
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