Announcement: Housewives’ Social Security Act 2022 is on its Way
We are pleased to announce that the Housewives’ Social Security Act 2022 has been gazetted on 3 October 2022. This act aims to ensure the social well-being of housewives, families, and communities by establishing the Housewife Social Security Scheme (SKSSR). The scheme consists of 11 parts, 97 clauses, and eight schedules. The implementation of SKSSR […]
Malaysia Implements Standardised Minimum Wage Nationwide, Effective July 1, 2023
Welcome to our channel, where we bring you the latest news and updates. In today’s article, we will discuss an important topic that affects employees and employers in Malaysia. If you’re interested in understanding the recent changes in the minimum wage, you’ve come to the right place. So, let’s dive right in! The Ministry of […]
Stamp Duty (Remission) (Revocation) Order 2023
IN exercise of the powers conferred by subsection 80(2) of the Stamp Act 1949 [Act 378], the Minister makes the Stamp Duty (Remission) (Revocation) Order 2023. This Order is deemed to have come into operation on 1 April 2023. As a result of this new Order, the previous Stamp Duty (Remission) (No. 2) Order 2019 […]
What is Job Analysis? Understanding the Importance and Process
In today’s fast-paced and cutthroat labour market, businesses must have an in-depth comprehension of their roles and needs. Where should we locate employees so that we may make the maximum use of their experience and expertise? How can it be determined whether or not the organisation need new employees? How can we get rid of […]
Overview of Human Resource Management (HRM)
Human resource management (HRM) is essential to businesses because it facilitates the efficient management of employees and ensures the achievement of the company’s goals and objectives. This article will discuss human resource management, how it works, and why it’s important in modern business. Table of Contents 1. HRM: A Brief Overview Human resource management is […]
Labour Economics
Labour Market The labour market represents the supply and demand of labour. It is an arena in which employers and employees interact to exchange services. Employers attempt to acquire the most suitable workers for their needs, while job seekers search for employment that suits their qualifications. Labour Economics Labour Economics is a field of study […]
Differentiate between Personnel Management and Human Resource Management
Personnel management and human resource management are two distinct approaches to managing employees within organisations. While they share some common responsibilities, the two have notable differences. While personnel management considers employees as a tool, HRM specialists encourage organisations to view them as assets that should be invested in, which are to be valued, used and […]
HASiL: e-form for YA 2012 – 2015 will no longer be available for use from 1 July 2023 onwards
The Inland Revenue Board of Malaysia (HASiL) has announced that starting from 1st July 2023, the e-Form for the years of assessment (YA) 2012 to 2015 will no longer be accessible. As a result, taxpayers who need to submit return forms for these particular YAs must use the manual form available for download at www.hasil.gov.my. […]
Form e-107D for 2% WHT for commission payments to Agents, Dealers or Distributors under s107D
On its website, the Inland Revenue Board of Malaysia (HASiL) released a media statement on 27 June 2023 in Bahasa Malaysia, announcing the introduction of Form e-107D. This form allows for the online submission of the required documentation for the 2% tax deduction on commission payments made by a company to agents, distributors, or dealers […]
Whether Digital Currencies are to be treated as a Mode of Payment or an Intangible Property
Accountants often face challenges in their professional practice that lack specific accounting standards, such as in the case of cryptocurrencies. Similarly, tax agents in Malaysia have limited resources when referencing the Guidelines on the Tax Treatment of Digital Currency Transactions, which appears to be the solely available guidance presently. As a result, the Chartered Tax […]
