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Updated: 8 September 2026 Malaysia’s e-Invoice implementation has undergone another important update. On 30 August 2026, LHDN / HASiL updated the e-Invoice Guideline to Version 4.8 and increased the e-Invoice exemption threshold to RM3 million. Taxpayers with annual turnover or revenue below RM3 million may now qualify for exemption, subject to the prescribed conditions. E-Invoice Implementation Timeline LHDN implements e-Invoice progressively according to the taxpayer's annual turnover or revenue. Under Version 4.8, taxpayers below RM3 million may qualify for exemption, subject to the prescribed conditions. Business Commencement 开始营业时 Annual Turnover / Revenue 全年营业额 / 收入 Implementation Date 实施日期 2022 or earlier 2022 或之前已营业 YA2022 turnover / revenue above RM100m YA2022 收入 / 营业额超过 RM100m 01.08.2024 YA2022 turnover / revenue from RM25m - RM100m YA2022 收入 / 营业额介于 RM25m - RM100m 01.01.2025 YA2022 turnover / revenue from RM5m - RM25m YA2022 收入 / 营业额介于 RM5m - RM25m 01.07.2025 YA2022 turnover / revenue from RM3m - RM5m YA2022 收入 / 营业额介于 RM3m - RM5m 01.01.2026 YA2022 was below RM3m, YA2023-YA2025 reached RM 3m YA2022 低于 RM3m, YA2023-YA2025 达到 RM 3m 例子 Example YA2022: RM 1.5m YA2023: RM 3.2m YA2024: RM 2.5m YA2025: RM 2.7m 01.07.2026 Turnover / revenue remains below RM3m and the taxpayer fulfils the exemption criteria 收入 / 营业额低于 RM3m，并符合豁免条件 EXEMPTED 豁免 Commenced between 2023–2025 开始营业 Turnover / revenue reaches RM3m or more 收入 / 营业额达到或超过 RM3m 01.07.2026 Turnover / revenue remains below RM3m and the taxpayer fulfils the exemption criteria 收入 / 营业额低于 RM3m，并符合豁免条件 EXEMPTED 豁免 Commenced in 2026 or later 2026 或之后开始营业 Does not qualify for the LHDN e-Invoice exemption* 不符合 LHDN e-Invoice 豁免条件* 01.07.2026 or actual business commencement date, whichever is later 01.07.2026 或实际开始营业日期，以较迟者为准 Turnover / revenue remains below RM3m and the taxpayer fulfils the exemption criteria 收入 / 营业额低于 RM3m，并符合豁免条件 EXEMPTED 豁免 Subsequently reaches RM3,000,000 for the first time in a later year 之后某一年首次达到 RM3,000,000 1 Jan of the second year following the threshold year 达到门槛年份之后的第二年的一月一日开始 Example 例子: If your annual turnover / revenue first reaches RM3 million in 2027, e-Invoice implementation starts on 1 January 2029. 如果全年营业额 / 收入在 2027 年第一次达到 RM3 million，e-Invoice 将从 2029 年 1 月 1 日开始实施。 When Does the RM3 Million Exemption NOT Apply? According to the latest LHDN e-Invoice rules, a taxpayer with annual turnover or revenue below RM3 million may still not qualify for the exemption if certain corporate relationships exist. Sdn Bhd One company holds 20% or more of the shares in another company The shareholding is below 20%, but the company still has direct or indirect control over the other company’s operations If any related company has annual turnover / revenue of RM3 million or more, the other related company may not qualify for the e-Invoice exemption even if its own turnover / revenue is below RM3 million. When to implement e-Invoice? Existing business that does not qualify for the RM3 million exemption → 1 July 2026 Business commencing from YA2026 onwards that does not qualify for the exemption → 1 July 2026 or actual business commencement date, whichever is later Enterprise / Partnership If you operate multiple Enterprises, the annual turnover / revenue of all Enterprises under the same individual must be combined to determine whether the RM3 million threshold has been exceeded. The turnover of a Sdn Bhd and an Enterprise is not combined for this purpose. 🏢 Enterprise A — RM1,500,000 🏢 Enterprise B — RM1,200,000 🏢 Enterprise C — RM500,000. Total Turnover: RM3.2 million Once the combined turnover exceeds RM3 million, the taxpayer will no longer qualify for the exemption. When to implement e-Invoice? Combined turnover reaches RM3 million in YA2023, YA2024 or YA2025 → 1 July 2026 Initially qualifies for exemption but combined turnover first reaches RM3 million in YA2026 or later → 1 January of the second year following the YA in which the RM3 million threshold is reached Already Started e-Invoice but Now Below RM3 Million — Can You Still Qualify for Exemption? Some businesses with annual turnover or revenue between RM1 million and RM3 million had already started implementing e-Invoice from 1 July 2026 under the previous threshold. Following the increase in the e-Invoice exemption threshold to RM3 million, these businesses should reassess whether they now meet the latest exemption criteria. If you have confirmed that your business: has annual turnover / revenue below RM3 million; and meets the applicable e-Invoice exemption criteria, then you may: ✅ Discontinue issuing e-Invoices immediately ✅ No separate application to LHDN / IRBM is required ✅ No prior approval from LHDN / IRBM is required ✅ Alternatively, continue issuing e-Invoices voluntarily ❌ If the exemption criteria are not met, you must continue implementing e-Invoice Example: A company had annual revenue of RM2 million and started issuing e-Invoices from 1 July 2026. If the company now falls within the RM3 million exemption threshold and satisfies all the relevant exemption conditions, it may stop issuing e-Invoices immediately without making a separate application to LHDN. Alternatively, the company may continue using e-Invoice voluntarily. Important: Being below RM3 million alone does not automatically qualify a taxpayer for exemption. The relevant exemption conditions, including the taxpayer’s corporate and related-company structure, should also be reviewed. E-Invoice Self Check

在马来西亚聘请外籍员工，并不是找到合适人选就可以马上开始工作。 在外籍专业人士正式在马来西亚工作前，公司必须先了解正确的准证类型、公司申请资格、营业执照要求、前置审批流程，以及整体申请时间规划。 目录 哪些准证可以在马来西亚工作？ 申请工作准证 EP / 专业访问准证 PVP 流程 阶段1 - 设立公司和申请营业执照 阶段2 - 注册公司 ESD 账号 阶段3 - 激活公司 ESD 账号 阶段4 - 聘请前置审批 阶段5 - 申请工作准证审核 阶段6 - 付款及准证签发 申请流程时间参考 哪些准证可以在马来西亚工作？ Employment Pass (EP) 工作准证 (I,II,III) 外籍专业人士受雇于马来西亚公司的主要工作准证 适用于专业、管理、技术或高技能职位 Professional Visit Pass (PVP) 专业访问准证 外籍专业人士代表海外公司短期来马来西亚提供专业服务、培训或技术支援 不属于马来西亚公司的正式雇佣关系 🔔信息及通信技术 ICT 领域 只允许申请专业访问准证 PVP Temporary Employment (PLKS) 外籍劳工临时工作准证 马来西亚移民局向合法引进的外籍劳工的官方工作准证 但仅限于已批准的行业、指定雇主及获批准的雇佣条件下工作 申请工作准证 EP / 专业访问准证 PVP 流程 在申请 EP / PVP 前，申请公司或机构必须先具备合法注册身份， 并属于以下其中一种形式： 在马来西亚公司委员会（SSM）注册私人有限公司 Sdn Bhd ✅ 最常见的申请主体，适用于大多数在马来西亚合法营业 在马来西亚社团注册局（ROS）注册的社团或组织 根据特定法令成立的专业机构或事务所 获得政府部门或政府机构支持的组织 获得马来西亚外交部认证的国际组织 实缴资本要求 (Paid Up Capital) 不同公司股权结构及不同行业执照，可能会有不同的实缴资本或资本要求。 因此，在申请 EP / PVP 前，公司除了要符合 ESD / MYXpats 的 实缴资本要求， 也应检查相关营业执照或行业批准是否另有额外资本、股权、营业地点或合规要求。 公司类型 / 股权结构 最低实缴资本要求 100% 本地公司 RM 250,000 合资公司 Joint Venture (至少 30% 外资持股) RM 350,000 100% 外资公司 RM 500,000 外资持股 51% 或以上，并从事 WRT 领域 RM 1,000,000 外资持股 51% 或以上，并涉及未受特定监管服务领域 视相关机构要求 *只适用于私人有限公司 Sdn Bhd 不同业务性质有不同的营业执照、地方政府执照或行业批准 营业执照 / 领域 / 业务性质 相关机构 预计规划时间 营业执照 地方政府营业执照 和 招牌执照 各州辖下的地方议会 PBT 2–8 周 特定行业执照 / 特定活动执照 批发、零售及分销贸易相关执照 WRT 国内贸易及生活成本部 KPDN 3-4 个月 制造业相关执照 马来西亚投资发展局 MIDA / 马来西亚国际贸易及工业部 MITI 1–3 个月 建筑业相关执照 马来西亚建筑工业发展局 CIDB 1–3 个月 旅游业相关执照 旅游、艺术及文化部 MOTAC 1–3 个月 教育 / 高等教育相关执照 教育部 MOE / 高等教育部 MOHE 3-12 个月 电讯及信息通信技术相关执照 马来西亚通讯及多媒体委员会 MCMC 3-6 个月 广播业相关执照 马来西亚通讯及多媒体委员会 MCMC 3-6 个月 传统及辅助医药相关执照 卫生部 MOH 2-6 个月 银行业及金融服务相关执照 马来西亚国家银行 BNM 6-12 个月 证券及衍生品市场相关执照 马来西亚证券委员会 SC 6-12 个月 职业安全与卫生相关执照 职业安全与卫生局 DOSH / MyKKP 系统 1–3 个月 石油勘探及油气行业相关执照 马来西亚国家石油公司 PETRONAS 2-6 个月 航空业相关执照 马来西亚民航管理局 CAAM 6-12 个月 采矿、采石及矿物加工相关执照 各州土地及矿务局 / 能源及天然资源部相关机构 3-9 个月 水务服务相关执照 国家水务服务委员会 SPAN / e-Permit 系统 1–3 个月 企业发展部相关执照 企业执照电子支援系统 BLESS / 企业发展及合作社部 MED 1–3 个月 以上预计时间仅供客户作初步规划参考，并不代表保证批准时间 实际处理时间将取决于相关执照代理、商业合作伙伴、政府部门及批准机构的审核进度、 文件完整性、系统处理时间，以及是否被要求补充资料或进一步说明。 因此，最终申请时间及批准结果仍以相关执照代理、政府部门及批准机构的实际处理及决定为准。 公司必须先在 ESD Online 完成公司注册。ESD 公司注册获批后，公司才可以继续提交外籍员工相关准证申请。 浏览 esd.imi.gov.my 创建新的账号 填写公司的资料 上传公司文件 ESD 公司注册文件清单 现任公司董事的 MyKad / 护照副本 完整公司简介 (公司背景, 业务活动, 组织架构,公司地址, 营业场所照, 公司产品 / 服务照片) 公司最新电话账单副本 租赁合约 / 买卖合约 S&P Form 9 / Form 24 / Form 49，或 Section 14 / Section 17 / Section 51 / latest SSM company profile 等同等公司文件，如适用 最新审计财务报表 地方政府营业执照副本 其他商业执照或行业批准 ESD / MYXpats 额外要求的其他文件 提交资料给 ESD 审核 等待 ESD 批准、补充资料要求或拒绝通知。 . ESD 公司注册获批后，公司通常会收到一封来自 ESD / MYXpats 的批准通知邮件。 收到批准邮件后，公司需要根据邮件指示登录 ESD Online 系统，并完成公司账号激活步骤。 在提交 Employment Pass（EP）或 Professional Visit Pass（PVP）申请前， 公司需要先完成本地人才招聘 | 主要证明已经优先考虑本地人才 如公司属于相关机构管辖范围，可能需要申请支持信 Support Letter；并非所有公司 / 所有行业都一定需要 预计时间仅供规划参考，实际以相关机构审核为准 行业类别 相关机构 预计规划时间 制造业 马来西亚投资发展局 MIDA 1-2 个月 金融服务，包括持牌机构、支付服务监管机构及代表办事处 马来西亚国家银行 BNM 1-2 个月 证券及衍生品市场 马来西亚证券委员会 SC 1-2 个月 在东海岸经济区营运的公司 东海岸经济区发展理事会 ECERDC 1-2 个月 医疗保健：传统及辅助医药领域 卫生部 MOH 1-2 个月 旅游业 旅游、艺术及文化部 MOTAC 1–2 个月 生物科技及生物基领域 马来西亚生物经济发展机构 Bioeconomy Corporation 1-2 个月 航空业 马来西亚民航管理局 CAAM 1-2 个月 建筑业 马来西亚建筑工业发展局 CIDB 1-2 个月 教育 教育部 MOE 1-2 个月 高等教育 高等教育部 MOHE 1-2 个月 采矿、采石及矿物加工 矿产与地质局 JMG 1-2 个月 妇女、家庭及社区发展相关组织 妇女、家庭及社区发展部 KPWKM 1-2 个月 体育 国家体育理事会 MSN 1-2 个月 足球 马来西亚足球协会 FAM 1-2 个月 广播 马来西亚广播电视台 RTM / 通讯及数码部 KKD 1-2 个月 医疗保健：护理领域 马来西亚护理委员会 / 卫生部 MOH 1-2 个月 医疗保健：辅助医疗科学领域 卫生部辅助医疗科学组 MOH 1-2 个月 电影行业 马来西亚国家电影发展局 FINAS 1-2 个月 建筑设计 / 建筑师领域 马来西亚建筑师委员会 LAM 1–2 个月 马术活动 马来西亚马术协会 EAM 1-2 个月 赛马 马来亚赛马协会 MRA 1-2 个月 农作物、畜牧及水产养殖 农业及粮食安全部 MAFS 1-2 个月 在依斯干达区域营运的公司 依斯干达区域发展局 IRDA 1-2 个月 信息与通讯科技（ICT） 马来西亚数字经济机构 MDEC 1-2 个月 申请专业访问准证 PVP 目前只有 两个领域 需要上传支持信 Support Letter 航空业 & 采矿业 当前置审批及所需文件完成后，公司可以通过 ESD Online / MYXpats 开始申请准证 公司需要先选择要申请的准证类型: 01 工作准证 (I) 第一类别 02 工作准证 (II) 第二类别 03 工作准证 (III) 第三类别 04 专业访问准证 PVP 05 家属准证 06 长期社交访问准证 07 社交访问准证 — 实习 适用于高薪资级别的外籍专业人士 适用于高薪资级别的外籍专业人士 适用于知识型 / 技术型外籍员工 适用于短期来马提供专业服务、技术支援、培训或实务工作的外籍专家 适用于符合条件的主申请人家属，例如配偶或子女 适用于符合条件的长期居留家属或相关人士 适用于符合条件的实习或实务培训安排 项目 工作准证 (I) 工作准证 (II) 工作准证 (III) 适用对象 外籍专业人士 外籍专业人士 知识型 / 技术型外籍员工 最低月薪要求 RM20,000 或以上 RM10,000 – RM19,999 RM5,000 – RM9,999 准证期限 最长 10 年 最长 10 年，需有接班计划 最长 5 年，需有接班计划 家属申请 一般允许申请家属准证， 视批准条件而定 一般允许申请家属准证， 视批准条件而定 一般不允许申请家属准证， 除非另有批准 01 下载批准信及确认费用 当申请获得批准后，公司可登录 ESD Online / MYXpats 系统下载 批准信 Approval Letter 同时，系统也会显示或通知相关应缴费用。 需要做什么： 登录 ESD Online / MYXpats 系统； 下载 Approval Letter； 检查批准信内容； 确认系统列明的应缴费用； 保存批准信及系统通知记录。 收到批准信后，公司仍需完成付款、签注 endorsement / ePASS 及相关准证 签发手续后，外籍员工才可以根据批准条件开始工作。 02 准备预签注文件 Pre-Endorsement 在进行 endorsement 前，公司通常需要根据系统要求准备 pre-endorsement 文件。 常见所需文件包括： 护照个人资料页副本； Visa Sticker / eVISA，如适用； 机票副本，如适用； Visa Approval Letter / eVAL，如适用； Approval Letter； 其他系统或 MYXpats 要求的文件。 如果申请人仍在海外，应检查是否需要 Single Entry Visa / eVISA 如果申请人已在马来西亚境内，应确认现有准证状态是否允许继续处理 endorsement 文件资料必须与批准信、护照及系统申请资料一致 03 完成付款 公司需要根据系统指示缴付相关 Immigration fees 或其他应缴费用。 可能涉及的费用包括： 准证费用 Pass fee 处理费用 Processing fee 签证费用 Visa fee 多次入境签证费用 Multiple Entry Visa fee 电子准证 / 盖章相关费用 ePASS / endorsement 相关费用 其他系统或批准信列明的费用 04 办理签注 Endorsement 付款完成后，公司或申请人需根据系统及批准信要求办理 签注或相关手续。 如申请人从海外入境马来西亚，通常需在入境后规定期限内完成签注 如申请人已在马来西亚境内，通常需在批准后规定期限内完成签注 如申请人通过 KLIA 1 或 KLIA 2 入境，并符合条件，可能可在相关地点办理电子签注 ePASS 如不符合 ePASS 条件，则需根据系统或 MYXpats 指示完成相应签注程序。 注意事项： 护照必须有效； 入境记录必须正确； 申请人不得在准证正式签发前开始工作； 如超过规定期限未完成签注，可能需要重新安排、申请延期或作出解释 05 递送文件 i-Kad 如相关准证适用 i-KAD，i-KAD 可能会通过 Pos Malaysia 递送。 06 下载 ePASS 如申请适用 ePASS，系统会生成 ePASS，并可通过 ESD Online 下载。 需要做什么： 登录 ESD Online / MYXpats 系统 检查 ePASS 是否已生成 下载 ePASS 保存 ePASS 副本 检查 ePASS 上的资料是否正确. 雇主建议 公司在计划聘请外籍员工前，不应只看申请人的学历、经验及薪资，也应先检查公司本身是否已经符合申请条件。 提前检查可以帮助公司发现潜在问题，例如营业执照尚未完整、实缴资本不足、公司文件不齐全、职位资料不一致，或准证类型选择不正确。 免责声明 本文仅供一般资讯及初步规划参考，并不构成正式移民、法律或专业意见。 实际申请流程、所需文件、专业费用、处理时间及批准结果，将取决于相关执照代理、政府部门、移民局及相关批准机构的审核及最终决定。

Setting up a Limited Liability Partnership (LLP) can be an important decision for entrepreneurs who wish to combine the flexibility of a traditional partnership with the protection of limited liability. This business structure is particularly suitable for professional firms, family businesses, joint ventures and businesses operated by two or more partners. In this guide, you will learn the key requirements for establishing an LLP in Malaysia, including its benefits, registration process, compliance obligations, tax treatment and important considerations before deciding whether an LLP is the right structure for your business. Understanding Limited Liability Partnership (LLP) In Malaysia, a Limited Liability Partnership, commonly known as an LLP or Perkongsian Liabiliti Terhad (PLT), offers an alternative to operating as a conventional partnership or incorporating a private limited company. An LLP combines the operational flexibility of a partnership with certain legal protections commonly associated with a company. This makes it a potentially suitable structure for professional practices, family businesses, joint ventures, start-ups and businesses operated by two or more partners. Who Is Suitable for an LLP Professional Practices Chartered accountants Lawyers Company secretaries Consultants Other approved professional practitioners Consultancy and Advisory Services Business consultancy Management consultancy Financial advisory Human resources consultancy Information technology consultancy Marketing consultancy Sustainability and ESG consultancy Corporate training and advisory services Although an LLP may legally conduct various business activities, it may not be the most practical structure for ordinary commercial businesses such as trading, retail, manufacturing or expansion-focused businesses. LLP does not have shareholders or share capital in the same way as a Sdn Bhd Less Suitable for Businesses Seeking Investors Less Suitable for Multiple Outlets or Large-Scale Expansion Some Licenses, Grants and Tenders May Prefer Sdn Bhd over LLP Bank loans may be more difficult to obtain Requires at least two partners at all times Major changes may require amendments to the LLP agreement, which can result in additional professional costs. This may include changes to partners, profit-sharing arrangements, management responsibilities, capital contributions, partner remuneration or salaries. Requirements for Establishing an LLP To establish a Limited Liability Partnership (LLP) in Malaysia, entrepreneurs must meet several basic registration requirements set by the Companies Commission of Malaysia (SSM). Have at Least Two Partners An LLP must be established by a minimum of two partners. The partners may consist of: Individuals; Companies or other body corporates; or A combination of individuals and body corporates. Appoint a Compliance Officer Every LLP must appoint at least one compliance officer, and must be at least 18 years old; Malaysian citizen or permanent resident; Ordinarily reside in Malaysia; and Be either a partner of the LLP or a person qualified to act as a company secretary. Provide a Registered Office Address The LLP must maintain a registered office in Malaysia. This address will be used for official correspondence, statutory notices and the keeping of certain business records. The registered office does not necessarily have to be the same as the LLP’s operating or business address. Prepare the Partners’ Information The following details of every proposed partner will generally be required: Full name; Identification card or passport number; Residential or registered address; Contact information; and Details of whether the partner is an individual or body corporate. Prepare an LLP Agreement The partners should prepare an LLP agreement setting out how the LLP will be managed. The agreement should cover matters such as: Capital contributions; Profit-and-loss sharing; Roles and responsibilities of each partner; Decision-making authority; Admission of new partners; Retirement or removal of partners; Dispute-resolution procedures; and Closure or dissolution of the LLP. Although the partners may rely on the default provisions under the LLP legislation, a properly drafted agreement is recommended to avoid misunderstandings and future disputes. Duties and Responsibilities of an LLP Compliance Officer The compliance officer is responsible for ensuring that the LLP complies with the Limited Liability Partnerships Act 2012 and the Limited Liability Partnerships Regulations 2012. Duties and Responsibilities of an LLP Compliance Officer Compliance Obligations of an LLP Changes in Registered Particulars Notify SSM within 14 days from the date of change SSM Annual Declaration First declaration: No later than 18 months from the LLP’s registration date. Subsequent declarations: Within 90 days after each financial year-end Form PT Annual income tax return Within 7 months after financial year-end Form CP204 Tax Estimation Form At least 30 days before the beginning of the financial year Remark: The final tax estimate should not be less than 85% of the actual tax payable to avoid an underestimation penalty. Form CP204A Revision of Tax Estimation In the 6th, 9th or 11th month of the basis period Form E and C.P.8D Employer annual filing By 31 March of the following year Benefits and Challenges of Setting Up an LLP in Malaysia Benefit of an LLP Challenges of an LLP Limited liability protection for partners Requires at least two partners Separate legal entity from its partners Less suitable for large-scale expansion Eligible for preferential tax rates Unable to issue shares Simpler statutory compliance requirements May be more difficult to obtain loans or funding Lower compliance cost compared to Sdn Bhd, do not need to appoint company secretary and auditor Major changes may require amendments to the LLP agreement, resulting in additional professional costs Frequently Asked Questions Can a foreigner become a partner in a Malaysian LLP? An individual or body corporate may generally become a partner, subject to applicable laws, immigration rules, professional regulations and the nature of the business. However, the LLP must still appoint a qualifying compliance officer who meets Malaysia’s residence and eligibility requirements. Does an LLP need a company secretary? An LLP does not need to appoint a company secretary. It must instead appoint at least one compliance officer. Does an LLP need audited financial statements? An LLP is generally not required to appoint an auditor or submit audited financial statements to SSM. However, an audit may still be required by its partners, LLP agreement, bank, regulator or funding provider. What tax return does an LLP submit? An LLP submits Form PT as its annual income tax return. Which Structure Should You Choose? Sdn Bhd or LLP An LLP is generally suitable for professional practices, consultancies, joint ventures and service businesses operated by two or more active partners who want flexible management and profit-sharing arrangements. A Sdn Bhd is generally more practical for normal commercial businesses that plan to obtain financing, bring in investors, open multiple outlets, form subsidiaries or expand on a larger scale. Both structures are separate legal entities and provide limited liability protection, but they serve different ownership and growth needs. Which structure is more suitable for large-scale expansion? A Sdn Bhd is generally more suitable for businesses planning multiple outlets, subsidiaries, external investment or a group structure.

Incorporation of Sdn Bhd Setting up a private limited company (Sdn Bhd) is one of the most common methods for entering the Malaysian market. This type of company offers limited liability protection and is treated as a separate legal entity, meaning its debts and obligations are not tied to individual shareholders. The Malaysian government actively encourages business development and provides a relatively streamlined registration process. Basic Requirement & Information Under the Companies Act 2016, foreigner must prepare the below information to register a Sdn Bhd: Company Name Must be unique and NOT similar to existing company names. Should be in English Must end with "Sdn Bhd" Company Shareholders at least one shareholder Can be an individual or a corporate entity 100% foreign ownership is allowed Must have a residential address in Malaysia Company Director at least one LOCAL director must be at least 18 years old Must have a residential address in Malaysia Business Nature Up to 3 business activities Clear definition of primary business activity is needed Business Address A physical office or factory address is required Tenancy agreement must be in the company’s name. If do not have an office, a virtual office address may be used Financial Year End MUST set a company financial year end for annual report For FIRST year company may set within 18 months from date of incorporation Paid Up Capital No Minimum Required，starting from RM1 Specific capital thresholds may apply if involving application of working permit / specific license Company Registration Process A licensed company secretary will guide you through the registration with the Companies Commission of Malaysia (SSM). When all required documents are complete, the process typically takes 3–5 business days. Step 1：Company Name Search Company Secretary will assists to check whether is the proposed name is available and not identical to any existing company. Step 2：Provide Registration Details to Company Secretary Providing basic information, including shareholder & director details, company address, business nature and others Company registration basic information Director and Shareholder Identification (Malaysian Identity Card (IC) / Passport) Company Secretary will based on the provided information prepare relevant forms / documents for incorporation. Step 3：Submit Application to SSM Company Secretary will submit all necessary documents to Companies Commission of Malaysia (SSM) and pay the registration fee, RM1,010. Step 4：Successfuly Incorporated After the approval from the Companies Commission of Malaysia (SSM), the company secretary will issue the company registration certificate. This marks the official establishment of your company. The certificate contains essential information about the company, such as the company name, registration number, date of incorporation, and key details of shareholders and directors. Once you receive the company registration certificate, you will be able to legally conduct business activities, signifying that your company has officially entered the market and possesses a legally recognized identity. However, before actually commencing operations, there are several important initial setups that need to be completed to ensure that your company can operate smoothly and achieve its intended business goals. Essential Steps for Foreigners After Registering a Company in Malaysia Successfully registering a company is just the first step. Before officially commencing business operations, there are several important matters that need to be addressed. Here is a checklist to ensure your company operates in compliance and smoothly in Malaysia. Essential Post-Registration Checklist: Open a company bank account Lease an office or business premises (sign a lease agreement) Apply for utility services - water (PBA), telephone and internet (TM), electricity (TNB) Apply for business licenses and permits Register for employer accounts We hope this guide will assist you in your entrepreneurial journey in Malaysia. If you have any questions, feel free to consult a company secretary or legal advisor at any time.

相信很多老板做生意尤其是供应商都是这样的 比谁更便宜 价格，就是唯一的竞争力 但现在，这个规则正在改变 今天的竞争，已经不是单纯比价格，而是：比谁还能留在国际供应链里面 而变化已经开始影响订单、利润与出口能力。 为什么这件事正在发生？ 这不是短期趋势，而是全球供应链结构在改变。 背后的推动力主要来自三方面： 1. CBAM 的全面实施 2026 年 1 月起，欧盟 CBAM 正式进入强制阶段： 进口钢铁、铝、水泥、化肥、电力等产品必须申报碳排放并购买 CBAM 证书 碳排放越高，税越高 —— 这直接增加出口成本 过去只是报告阶段，现在是真金白银的缴费阶段，企业无法再“拖延”。 2. ISO 9001:2026 的新要求 过去，ISO 认证主要关注流程、质量和合规性； 但现在，碳排放透明度被纳入核心要求。 如果企业无法提供 PCF 数据，就可能在认证审核中被拒绝或延迟，这意味着失去 ISO 认证。 没有认证，就无法继续作为合格供应商参与国际订单。 3. 全球客户与供应链的压力传递 不要以为自己公司小、没有做出口，就不会受到影响。 欧洲、美国的大型企业必须披露供应链碳排放（CSRD、ESG 报告等）， 这意味着他们会把压力层层传递到供应商。 即使你只是国内供应商、只做零部件或原材料，也会被要求提交 PCF 数据。 没有透明度，你的碳排放就会成为客户的负担，客户为了达标就会直接换掉你。 碳排放越高，税越高，这些都是成本 当成本越高，售价高，自然就没有竞争能力 其实 PCF 碳足迹不难做 ✅ 相信很多老板一听到 “碳足迹 (PCF)” 就觉得复杂 甚至一提到 ESG 就开始害怕，好像需要花很多钱 事实是：PCF 并不难做 它不是高深的科学，而是把日常经营的几个关键环节量化。 只要掌握三个核心指标，就能开始： 燃料 (Fuel) 优化运输路线，减少空车或绕路。 定期保养车辆和设备，降低油耗。 合并送货，减少多次短途运输。 鼓励拼车或集中运输，提高效率。 电力 (Electricity) 换 LED 灯、关掉待机设备。 调整空调温度，避免过度耗电。 在非高峰时段运行高耗电设备，降低电费。 安排定期关机时间，避免机器长时间空转。 材料与运输 (Materials & Transport) 减少一次性包装，提高装载率。 优先选择更近的供应商，缩短运输距离。 推动电子化文件，减少纸张使用。 回收和再利用包装材料，降低浪费。 这些都是 零成本的小动作，但能立刻带来改善 PCF 并不是额外负担，而是通过小小的变化，把成本降下来，把竞争力提上去。 👉 想知道如何一步一步计算 PCF？ 👉 担心成本高、流程复杂？

Entering into a partnership can be one of the most impactful decisions for entrepreneurs in Malaysia. This business structure is particularly favored by small business owners due to its collaborative nature and shared responsibilities. In this guide, you'll discover all you need to establish a partnership in Malaysia, complete with practical insights tailored for enterprise entrepreneurs. Understanding Partnership In Malaysia, a partnership, also known as an enterprise. A partnership is a business structure where two or more individuals come together to run a business, sharing responsibilities, profits, and liabilities. Requirements for Establishing a Partnership Who is eligible to setup a Partnership All partner must be a Malaysian Citizen or Permanent Resident of Malaysia. All Partner must be at aged 18 years and above. Only owner or partner is allowed to submit an application. Benefits of Partnership Running a partnership comes with several advantages: Easy and Quick to Register Establishing a partnership in Malaysia is quick and straightforward. You just need to complete a registration form and pay a nominal fee, usually around RM 60. The entire process can be completed in just a few days. Share Responsibility Partners can share the responsibility of the running of the business. This will allow them to make the most of their abilities. Rather than splitting the management and taking an equal share of each business task, they might well split the work according to their skills. Fewer Compliance Requirements Unlike private limited companies, partnership enjoy a much lighter compliance load, making them easier to manage. For example, there is no need t o appoint a licensed secretary, auditor, or tax agent. This simplicity in regulatory obligations makes it an economical choice for micro-entrepreneurs and small business owners looking to minimize costs and streamline their business operations. Lower Annual Maintenance Cost Compared to Private Limited Company (Sdn Bhd), a partnership has the lowest annual maintenance cost due to fewer compliance requirement. Steps to Register a Partnership in Malaysia To Register a partnership, follow these steps: 1. Choose a Business Name Business may be registered using personal name or using a trade name. Personal Name - must be stated in the identity card is not required to apply for business name Trade Name - the name of the proposed business and must obtain prior approval from the Registrar of Business. 2. Complete Business Registration Form (Form A) You can choose to visit nearest SSM branch or submit online through SSM4U Portal Business name Commencement date of business Principal place of business The address of the branch of business (if any) Information of owner and partners Type of business carried out Photocopy of your Identification Card (IC) Business Name Approval Form (Form PNA.42) Registration Fee Fees for business registration are as follows: Partnership using Trade Name - RM60 per year A sole proprietorship uses its own name as stated on the identity card - RM30 per year Every Branch (if any) - RM5 per year Business Information - RM10 Note: Registration can be made within one (1) year and up to five (5) years Challenges Faced by Partnership While there are many benefits, partnership do encounter challenges: Unlimited Liability As a partnership, partners are personally responsible for all business debts and obligations. This means if the business incurs debt or gets sued, the partners’ personal assets could be at risk. Joint and Several Liability Each partner can be held fully liable for the actions of the other partners, which can increase individual risk even if they were not directly involved in the action that caused the liability. Limited Perceived Credibility Partnership might struggle to establish credibility, particularly when seeking bank loans or forming supplier partnerships. Lenders and suppliers may perceive partnerships as higher-risk ventures compared to larger corporations or limited liability companies (LLCs), impacting business opportunities and growth. Disputes Over Profit Distribution Profits must be shared among partners based on the agreed-upon ratio, which can lead to dissatisfaction if contributions are perceived as unequal. Disagreements over profit distribution can strain the partnership. Higher Tax Rates In a partnership, the business income is reported on each partner’s personal tax return. This can lead to higher overall tax liability, especially when certain income thresholds are reached Challenges in Succession Planning Partnerships tend to be closely linked to the partners' identities and personal engagement in the business, which complicates the process of transferring the business to others. Final Thoughts Establishing a partnership in Malaysia can be a beneficial endeavor for numerous entrepreneurs. This business model, characterized by its collaborative approach, shared duties, and the possibility of pooled resources, appeals to individuals aiming to merge their strengths and expertise. However, it is crucial to weigh both the benefits and potential challenges before making the decision. Proactively managing risks—through clear partnership agreements, regular communication, and strong mutual trust—is essential for success. This guide provides aspiring entrepreneurs with the essential knowledge needed for establishing a partnership in Malaysia. With a solid understanding of this business model, you can set the stage for a successful and sustainable entrepreneurial journey.

Starting a sole proprietorship can be one of the most impactful decisions for entrepreneurs in Malaysia. This business structure is particularly favored by small business owners due to its simplicity in management and relatively easy regulatory requirements. In this guide, you'll discover all you need to establish a sole proprietorship in Malaysia, complete with practical insights tailored for enterprise entrepreneurs. Understanding Sole Proprietorship In Malaysia, a sole proprietorship, also known as an enterprise. A sole proprietorship is the simplest business structure, owned and managed entirely by one person. It is easy to set up, with low costs and minimal regulations. The owner is personally responsible for all business debts and liabilities. Requirements for Establishing a Sole Proprietorship Who is eligible to setup a Sole Proprietorship The owner must be a Malaysian Citizen or Permanent Resident of Malaysia. The owner must be at aged 18 years and above. Only owner is allowed to submit an application. Benefits of Sole Proprietorship Running a sole proprietorship comes with several advantages: Easy and Quick to Register Establishing a sole proprietorship in Malaysia is quick and straightforward. You just need to complete a registration form and pay a nominal fee, usually around RM 60. The entire process can be completed in just a few days. Full Control & Decision Making Power As the sole proprietor, you can make all business decisions swiftly and flexibly without needing approval from partners or shareholders. This allows you to implement changes and new ideas immediately. All profits generated by the business are yours to keep. Fewer Compliance Requirements Unlike private limited companies, sole proprietorships enjoy a much lighter compliance load, making them easier to manage. For example, there is no need to appoint a licensed secretary, auditor, or tax agent. This simplicity in regulatory obligations makes it an economical choice for micro-entrepreneurs and small business owners looking to minimize costs and streamline their business operations. Lower Annual Maintenance Cost Compared to Private Limited Company (Sdn Bhd), a sole proprietorship has the lowest annual maintenance cost due to fewer compliance requirement. Steps to Register a Sole Proprietorship in Malaysia To Register a sole proprietorship, follow these steps: 1. Choose a Business Name Business may be registered using personal name or using a trade name. Personal Name - must be stated in the identity card is not required to apply for business name Trade Name - the name of the proposed business and must obtain prior approval from the Registrar of Business. 2. Complete Business Registration Form (Form A) You can choose to visit nearest SSM branch or submit online through SSM4U Portal Business name Commencement date of business Principal place of business The address of the branch of business (if any) Information of owner and partners Type of business carried out Photocopy of your Identification Card (IC) Business Name Approval Form (Form PNA.42) Registration Fee Fees for business registration are as follows: Sole Proprietorship using Trade Name - RM60 per year A sole proprietorship uses its own name as stated on the identity card - RM30 per year Every Branch (if any) - RM5 per year Business Information - RM10 Note: Registration can be made within one (1) year and up to five (5) years Challenges Faced by Sole Proprietorship While there are many benefits, sole proprietors do encounter challenges: Unlimited Liability As a sole proprietor, you're personally responsible for all the business debts and obligations. This means if your business incurs debt or gets sued, your personal assets could be at risk. Limited Perceived Credibility Sole proprietorships might struggle to establish credibility, particularly when seeking bank loans or forming supplier partnerships. Lenders and suppliers may perceive sole proprietorships as higher-risk ventures compared to larger corporations or limited liability companies (LLCs), impacting business opportunities and growth. Higher Tax Rates Depending on the revenue, a sole proprietor might end up in a higher personal income tax bracket. Since the business income is reported on your personal tax return, this can lead to higher overall tax liability once certain income thresholds are reached. Challenges in Succession Planning Sole proprietorships are often closely tied to the owner’s identity and personal involvement in the business. This makes it challenging to pass the business on to someone else, which can be a hurdle when planning for retirement or unexpected circumstances. Final Thoughts Establishing a sole proprietorship in Malaysia can be a gratifying venture for many entrepreneurs. With its straightforward registration, fewer compliance requirements, and the advantage of full control, this structure is appealing for individual business owners. However, it is crucial to weigh both the benefits and potential challenges before making the decision. Proactively managing risks—through diligent record-keeping, obtaining necessary permits, and separating personal and business finances—is essential for success. This guide provides aspiring entrepreneurs with the essential knowledge needed for launching a sole proprietorship in Malaysia. With a solid understanding of this business model, you can set the stage for a successful and sustainable entrepreneurial journey.

The Inland Revenue Board of Malaysia (LHDN) has introduced the E-Invoice Special Voluntary Disclosure Programme (E-Invoice SVDP), which is available from 7 July 2026 to 31 December 2027, to assist taxpayers in regularizing their e-Invoice compliance without penalty, provided that the disclosure is made in good faith and in accordance with LHDN’s requirements. 马来西亚内陆税收局（LHDN）已推出 电子发票自愿申报计划（E-Invoice SVDP），计划期间为 2026年7月7日至2027年12月31日，以协助纳税人自愿纠正及完善电子发票合规事项。在符合诚信披露及遵守 LHDN 规定的情况下，相关申报可免于罚款或执法行动。 E-Invoice自愿申报计划 SVDP applies to: E-Invoice Special Voluntary Disclosure Programme SVDP ✅ SVDP 必须以诚信方式进行，资料需准确并有适当文件支持 SVDP must be submitted in good faith with accurate and properly supported information. ✅综合电子发票须按交易月份分别提交，不可跨月份合并 Consolidated e-Invoices must be submitted based on the respective transaction month and cannot be combined across multiple months ✅使用指定版本，并符合所有规定方可享有保障 Use the designated SVDP e-Invoice version and ensure compliance with all requirements to qualify for protection SVDP 1.2 适用于未使用数字签名提交的纳税人 submitting without digital signature SVDP 1.3 适用于使用数字签名提交的纳税人 submitting with digital signature Recommended Action / 建议采取的行动 确认公司的电子发票强制实施日期 Identify the company’s mandatory e-Invoice implementation date. 检查销售、收入、采购、进口交易、支付给代理 / 外国供应商款项，以及其他涉及自开电子发票的交易 Review sales, income, purchases, import transactions, payments to agents / foreign suppliers, and other self-billed e-Invoice transactions. 将会计记录与 MyInvois 系统中的电子发票提交记录进行核对 Compare accounting records with e-Invoice submissions in MyInvois. 识别遗漏、错误、重复或资料不完整的电子发票记录 Identify missing, incorrect, duplicated, or incomplete e-Invoice records. 在进行 SVDP 提交前，准备相关证明文件 Prepare supporting documents before making any SVDP submission.

Malaysia’s social protection system continues to evolve to meet the needs of modern workers. One of the latest initiatives introduced by PERKESO is LINDUNG 24 JAM, effective starting from 01.06.2026. This scheme designed to provide broader protection for employees beyond normal working hours. The initiative offers continuous protection for eligible employees against non-employment-related accidents during their employment period. This coverage includes accidents that occur outside working hours and are not directly related to their job or duties. LINDUNG 24 JAM forms part of PERKESO’s wider effort to enhance social security protection in line with modern employment patterns and changing workforce needs. [NEW UPDATE] Following the latest update announced on 09.07.2026, LINDUNG 24 JAM is now voluntary for Malaysian local employees, while remaining mandatory for foreign workers. Local employees may choose whether to participate in the scheme based on their own needs and circumstances, subject to PERKESO’s latest implementation mechanism. What is PERKESO Lindung 24 Jam LINDUNG 24 JAM is a Non-Employment Injury Scheme that provides round-the-clock social security protection for insured employees. The scheme covers accidents that: ✅ 24‑hour nationwide protection ✅ Non‑work‑related accidents ✅ Accidents outside working hours ❌ Exclusions Under the Scheme Certain situations are excluded from coverage, including: Accidents occurring outside Malaysia Foreign workers violating immigration conditions Self-employment injuries covered under Act 789 Domestic injuries covered under Act 838 Conditions caused by illnesses such as diabetes, fever, or high blood pressure The initiative expands traditional social protection by ensuring employees receive broader coverage even outside workplace environments. Main Benefits Under PERKESO LINDUNG 24 JAM The scheme provides several important forms of social security support for eligible contributors and their dependants. Medical treatment costs for approved cases are covered under the scheme which includes: Medical treatment Hospitalization Clinical care Specialist treatment Medical support services Disability benefits provide financial assistance to insured employees who suffer disability resulting from eligible accidents. This may include: Temporary disability support Permanent disability compensation Long-term financial assistance depending on the severity of disability Dependants’ benefits provide financial support to eligible family members if the insured person passes away due to a covered incident. Eligible dependants may include: Spouse Children Parents Funeral benefits provide financial assistance to help cover funeral and burial expenses following the death of an insured person. It helps ease the immediate financial burden on family members during difficult circumstances. Constant Attendance Allowance is provided for severely disabled insured persons who require continuous personal attendance and care. The allowance supports individuals who need ongoing assistance in carrying out daily activities due to serious disability conditions. Rehabilitation and Education Assistance support insured persons and eligible dependants through recovery and educational development programs. Support may include: Physical rehabilitation Occupational therapy Vocational rehabilitation Educational assistance for dependants Return-to-work support programs Contribution Structure The contribution structure for PERKESO LINDUNG 24 Jam is implemented progressively in stages. However, following the latest update on 9 July 2026, the contribution status differs between local employees and foreign workers. For Malaysian local employees The participation in LINDUNG 24 Jam is voluntary. Local employees may choose whether to participate in the scheme based on their own needs and circumstances. For foreign workers LINDUNG 24 Jam remains mandatory and continues to be implemented in accordance with existing legal provisions. The contribution is fully borne by employees. Employers are responsible for making the contribution payment to PERKESO for foreign workers and for local employees who voluntarily participate in the scheme, subject to PERKESO’s latest implementation mechanism. Stage 1 Year 2026 - 2027 Stage 2 Year 2028- 2030 Stage 3 Year 2030 onwards Employee Contribution Rate 0.75% Employee Contribution Rate 1% Employee Contribution Rate 1.25% Compensation Structure (Payment Method) Under PERKESO LINDUNG 24 JAM, income replacement for eligible disability cases is designed to support insured employees who are temporarily or permanently unable to work due to a covered injury. The benefit is paid as a monthly payment, calculated based on the employee’s insured wages. Calculated based at 70%–90% of employee wages. Temporary Disability For employees who are temporarily unable to work: Payment is made monthly during the medical leave period The amount is based on a percentage of insured wages Supports income replacement while the employee is under treatment or recovery Ends when the employee is declared fit to return to work Permanent Disability For cases involving permanent loss of earning capacity: Monthly pension-style payments may be provided Based on assessed disability level and wage history Continues for a long-term period depending on eligibility May be reviewed periodically by PERKESO Dependants' Benefits The compensation amount is generally determined based on: Insured monthly wage of the deceased Contribution history of the insured employee Dependants’ eligibility category (spouse, children, or parents) PERKESO assessment of the claim and supporting documents Employer Responsibilities Local Employees Checking whether they wish to participate in the scheme and obtaining confirmation before making any deductions Foreign Worker Ensuring mandatory contribution is made for foreign workers, where applicable Deducting employee contributions from monthly wages according to the contribution schedule Submitting contributions to PERKESO on a monthly basis Ensuring correct wage declaration for accurate benefit calculation Informing employees of policy changes related to contribution rates, scheme updates, or coverage adjustments Summary These responsibilities ensure that employee contributions are properly managed, accurately recorded, and consistently submitted so that workers maintain uninterrupted social security protection and receive correct benefit calculations when needed.-

The Inland Revenue Board (LHDN) has amended the timeline for CP204 corporate tax instalment to eliminate overlapping cross-year payments. If you are a director, business owner, or financial controller, you need to understand how the upcoming YA 2027 Transitional Rules and the YA 2028 Instalment Rules will affect your company’s monthly cash flow. The Timeline Roadmap YA 2026 Current Practice Standard 12-month payment cycle First Payment : 2nd month of the financial period Last Payment : 1st month of the next financial period YA 2027 Transitional Rules Compressed into an 11-month cycle First Payment : 2nd month of the financial period Last Payment : 12th month of the financial period YA 2028 New Rules Standard 12-month payment cycle First Payment : 1st month of the financial period Last Payment : 12th month of the financial period Case Study Scenario ABC Sdn Bhd Financial Year End : December Annual CP204 Tax Estimate : RM24,000 Calendar Month YA 2026 (FYE 01.01.2026 - 31.12.2026) YA 2027 (FYE 01.01.2027 - 31.12.2027) YA 2028 (FYE 01.01.2028 - 31.12.2028) January - - RM 2,000 February RM 2,000 RM 2,181.82 RM 2,000 March RM 2,000 RM 2,181.82 RM 2,000 April RM 2,000 RM 2,181.82 RM 2,000 May RM 2,000 RM 2,181.82 RM 2,000 June RM 2,000 RM 2,181.82 RM 2,000 July RM 2,000 RM 2,181.82 RM 2,000 August RM 2,000 RM 2,181.82 RM 2,000 September RM 2,000 RM 2,181.82 RM 2,000 October RM 2,000 RM 2,181.82 RM 2,000 November RM 2,000 RM 2,181.82 RM 2,000 December RM 2,000 RM 2,181.80 RM 2,000 January (Next Year) RM 2,000 - - Action Plan for Business Owner Strategic Cash Flow Preparation Prepare your budget for YA 2027 because the monthly installment amounts will increase slightly. Also, save up early for YA 2028 since tax starts in Month 1. On-Time Payment LHDN requires all monthly CP204 payments to be settled by the 15th day of every calendar month. Missing this by even one day triggers an automatic 10% late payment penalty on that installment. Monitoring of the 30% Variance Allowance If your actual final business tax ends up being 30% higher than what you estimated on your CP204, a 10% underestimation penalty will be levied on the differences.

The Companies Commission of Malaysia (SSM) introduced new qualifying criteria for audit exemption for certain private companies through Practice Directive No. 10/2024, which came into effect for financial periods commencing on or after January 1, 2025 . The objective of this directive is to alleviate the regulatory and financial burden on micro and small-to-medium enterprises (SMEs), allowing them to redirect resources towards business growth and innovation, while still maintaining essential financial accountability. Crucially, it also aims to mitigate the issue of a supply-demand gap resulting from the high demand for statutory audits and the limited number of approved auditors available in Malaysia. Under the revised framework, a private company qualifies for audit exemption if it can meet at least two (2) of the three (3) following criteria for the current financial year and the immediate past two (2) financial years Existing Audit Exemption Criteria The previous framework (Practice Directive No. 3/2017) grants exemption based on three categories, and a company must fulfill any one of the three (3) criteria for the current and immediate preceding financial years: Previous Audit Exemption Criteria Under  Practice Directive No. 3/2017 Companies need to fulfill any one of the following criteria Dormant Companies Companies with no significant transaction since incorporation or during the current and immediate past financial year. Zero-Revenue Companies Companies generating no revenue in the current and immediate past two years, with the total assets not exceeding RM 300,000 during the same period. Threshold-Qualified Companies Companies with the revenue and total assets not exceeding RM 100,000 and RM 300,000 respectively over the current and past two financial years, and employing not more than 5 employees New Qualifying Criteria for Audit Exemption Under Practice Directive No. 10/2024, a private company qualifies for audit exemption if it fulfils at least two (2) of the following three (3) criteria  over the current and immediate past two financial years . This criteria take effect for financial reporting periods commencing on and after 1st January 2025. New Audit Exemption Criteria Under  Practice Directive No. 10/2024 Companies need to fulfill at least 2 criteria Annual Revenue  The annual revenue of the company during the current financial year and in the immediate past two financial years do not exceed RM3,000,000 All income source including:  Business Income  Investment Income  Account Receivable Total Assets  The total assets of the company in the current statement of financial position and in the immediate past two financial years do not exceed RM3,000,000 Current Assets Non-Current Assets Number of employees The number of employees at the end of the current financial year and in the immediate past 2 financial years do not exceed 30. ✅ Employees include:  Local and foreign full-time employee  Contract workers  Employees under probation ❌ Employees exclude: Full time director Full time shareholders Family member or friends who are unpaid or do not have a fixed salary Other Condition: Dormant Companies Companies which are dormant  since the time of incorporation, or; dormant during the immediate past and current financial year  Implementation Phase To ensure a smooth transition, the new criteria will be implemented gradually. The implementation will take place over three years, with an incremental increase in the thresholds for revenue, assets, and the number of employees. Year 2025 Phase 1 2026 Phase 2 2027 Phase 3 Financial period Commencing on or after 1st January 2025 until 31st December 2025 Commencing on or after 1st January 2026 until 31st December 2026 Commencing on or after 1st January 2027 Submission year Beginning from 1st January 2026 Beginning from 1st January 2027 Beginning from 1st January 2028 Threshold Turnover RM 1,000,000 RM 2,000,000 RM 3,000,000 Assets RM 1,000,000 RM 2,000,000 RM 3,000,000 Number of Employees 10 20 30 Companies That Are NOT Qualified for Audit Exemption Based on the criteria from SSM's Practice Directive No. 10/2024, a private company would NOT  qualify for an audit exemption if it falls into any of the following categories , even if it meets the financial and employee thresholds: Exempt Private Companies (EPC) Public / Listed Companies Subsidiary of a Public Company Foreign Company How to apply for Audit Exemption If the company meets the specified criteria and elected to be exempted from audit, the company is required to lodge the following documents with the Registrar:  Unaudited Financial Statements A Directors’ Report A Statement by Directors A Statutory Declaration Audit Exemption Certificate The company must still prepare a complete set of unaudited financial statements in compliance with a approved accounting standard - Malaysian Private Entities Reporting Standard (MPERS) or Malaysian Financial Reporting Standards (MFRS) Actually, it's the same as the financial statements submitted before,  just without the auditor's signature What Happen if Company is No Longer Qualifies for Audit Exemption If your company no longer qualifies for audit exemption, the status will be terminated.  For any subsequent financial year where it no longer meets the criteria, it will be required to undergo statutory audit and exemption for past year will remain valid .  Does Audit Exemption Affect My Companies Audit exemption can lower short-term costs, but companies should be aware of the potential risks .  Ultimately, it is not  an ideal choice for those focused on   long-term growth and development. Limited access to financing Banks and investor may prefer audited accounts for loan approvals and investments.  Tax Compliance Risk  Tax authorities may question the accuracy of financial statements. Credibility Concerns  Unaudited financial statement may be perceived as less reliable by stakeholders. Regulatory Compliance Issues  Lead to undetected errors or fraudulent practices, increasing the risk of penalties of underpay taxes or custom duties.

Special Voluntary Disclosure Programme for Stamp Duty 2026 (PKPS) On January 28, 2026, the Inland Revenue Board of Malaysia (LHDN) officially launched the Special Voluntary Disclosure Programme (PKPS) for Stamp Duty 2026. This strategic initiative by LHDN aims to motivate taxpayers to voluntarily rectify unstamped or late-stamped legal documents. It provides a 100% waiver of penalties for documents that were not stamped within the standard 30-day stamping deadline. Overview of the PKPS 2026 The PKPS for Stamp Duty is specifically designed to encourage voluntary compliance during the implementation of the new Stamp Duty Self-Assessment System (STSDS) . It allows taxpayers to declare "instruments" (legal documents) that were missed in previous years. Program Duration 1 Jan 2026 – 30 June 2026 Eligibility Instruments executed between 1 Jan 2023 - 31 Dec 2025 Penalty Waiver 100% automatic waiver upon payment With No Appeals Needed Exclusion Not applicable to fraud cases Payment Deadline Apply and pay by 30 June 2026 Submission Method Via online e-Duti Setem Important Notes The penalty amount will still appear on the Stamp Duty Return Form (BNDS) or Notice of Assessment, but it will be automatically removed during the payment process without requiring any further action.   Taxpayers are strongly advised to submit applications and make payments early to ensure the assessment is finalized within the PKPS period. Original Sources: https://www.hasil.gov.my/media/4zvbflbl/20260128-kenyataan-media-hasil_pkps-duti-setem-2026.pdf