Understanding the Legal Aspects of Employee Retrenchment in Malaysia
Employee retrenchment is a sensitive issue that requires careful consideration of various legal aspects. In Malaysia, the process of retrenchment is governed by both statutory and common law principles. In this article, we will delve into the legal framework surrounding employee retrenchment and explore the key considerations that employers must take into account before proceeding […]
Protecting the Rights of Probationary Employees: Lessons from a Landmark Case in Malaysia
While probationary employees have fewer rights than permanent employees, they still have certain legal protections. For example, probationary employees are entitled to: If a probationary employee feels that their rights have been violated, they may be able to file a complaint with the Industrial Relations Department or the Labour Court. But the chances of winning […]
New Government Takes a Stand: Service Tax on Delivery Services on Hold
The Malaysian government has further postponed implementing a service tax on goods delivery services until a later date to be announced. Initially proposed in Budget 2022, the tax excludes food and beverage delivery and logistics services. The Royal Malaysian Customs Department deferred the tax until 1 January 2023, but the Prime Minister and Finance Minister, […]
Malaysia’s Plastics Sustainability Roadmap 2021 – 2030
Align with the sustainable development agenda, Malaysia is moving towards plastic circularity to close the waste loop and protect the environment. Shifting from a linear to a circular economy for plastics is crucial to decoupling Malaysia’s growth from environmental degradation and will help ensure a more sustainable way of life for future generations. This Malaysia […]
National Energy Policy 2022 – 2040
The energy sector, which acts as the main driver of growth for the Malaysian economy, and energy-intensive industries contribute 28 per cent of the Gross Domestic Product (GDP) and account for 25 per cent of the total workforce. In addition, the energy sector is also a key source of national income, with petroleum-related income contributing […]
Low Carbon Mobility Blueprint 2021 – 2030
The Low Carbon Mobility Blueprint 2021-2030 aims to assess the best options for energy and GHG mitigation planning in the transport sector, particularly land transport, using scenario analyses of a business-as-usual case and similarly for 2030. Download Our website’s articles, templates, and material are solely for you to look over. Although we make every effort […]
Assuring Your Business Success: Navigating the Audit Landscape with Confidence
Hello, I’m Mr Chin from CCS and thank you for watching this AI-created video clip. Are you running your business but feeling overwhelmed by audit and assurance requirements? CCS can take the weight off your shoulders. As a Malaysian Institute of Accountants member firm, we offer reliable and trustworthy auditing and assurance services. We understand how […]
New Assurance Partner of CCS
Dear Colleagues and Clients, We are delighted to announce that our esteemed colleague, Edward Thun, has obtained his audit license and will be promoted to Audit Partner at our firm. Edward, who serves as an assurance director at CCS, has been an integral part of our team, and we are thrilled to see him reach […]
What are the Tax Consequences for Malaysians living abroad and renting out properties in Malaysia?
Rental income earned in Malaysia is subject to tax under the Malaysian Income Tax Act 1967. The tax rate applicable to rental income depends on the tax residency status of the individual earning the rental income. Tax residents are eligible for tax relief. non-tax residents, on the other hand, do not qualify for tax relief. […]
Extension of Tax Incentives to support the Development of Electric Vehicle Industry
Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position In Budget 2022, to support the development of the Electric Vehicle (EV) industry and encourage domestic demand in line […]
