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News & Articles

  • 2019 MALAYSIA BUDGET HIGHLIGHTS

    The Budget Highlights is based on the info available as at 02.11.2018 in the Finance Bill 2018. It has been written in general terms for broad guidance only. We do not accept or assume any liability for any loss arising by anyone for any decision made based ...

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  • Special Voluntary Disclosure Programme (SVDP)

    As announced by the Finance Minister during the tabling of the 2019 Budget last year, the government will launch the SVDP beginning 3 November 2018 to 30 June 2019. ...

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  • Malaysian Business Reporting System (MBRS)

    On 27 September 2018, the Companies Commission of Malaysia (CCM) has launched the Malaysian Business Reporting System (MBRS), a digital submission platform, with the primary aim to improve financial and business reporting and to phase out over-the-counter manual submissions of Annual Returns (AR), Financial Statements (FS) and Exemption applications (EA) related to the FS and AR. ...

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  • 2018 Malaysia Budget Highlights

    The Budget Highlights is based on the info available as at 27.10.2017 in the Finance Bill 2017. It has been written in general terms for broad guidance only. We do not accept or assume any liability for any loss arising by anyone for any decision made based on it. Please contact GEP Tax Services Sdn Bhd if you wish for further input on the matter....

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  • Malaysian Private Entities Reporting Standard (MPERS)

    On 14 February 2014, the Malaysian Accounting Standards Board (MASB) issued a new financial reporting framework for private entities ~ the Malaysian Private Entities Reporting Standard (MPERS). ALL private entities shall apply the MPERS (2014) for its financial statements beginning on or after 1 January 2016. The MPERS (2014) is word-for-word the IFRS for SMEs issued by International Accounting Standards Board (IASB)...

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  • The Companies Act 2016

    4 April 2016 Passed By Dewan Rakyat 28 April 2016 Passed by Dewan Negara 15 September 2016 Gazetted as Act 777 The New Companies Act 1. WILL FACILITATE Ease of Starting a Business and reduction of Cost 2. PROVIDE FLEXIBILITY Allows more leeway in managing internal affairs ...

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  • Task Force Ready To Nab Tax Evaders

    Source : The Star Online dated 16 December 2016

    KUALA LUMPUR: Beginning next year, the country’s tax authorities will launch operations to search for tax evaders and improve tax compliance. The task force, which will begin operations on Jan 1, comprises 272 intelligence officers and tax investigators, says Inland Revenue Board (IRB) chief executive officer Datuk Sabin Samitah. The task force is aiming to collect some RM2bil next year. He added the task force wi...

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