The federal territory of Labuan is a group of tropical islands off the coast of Sabah and was established as Labuan International Business and Financial Centre (Labuan IBFC) to attract international financial activities.  Right from the start, the Malaysian Government had taken pains to avoid the label 'tax haven' for Labuan, and had been vigilant ...

An audit report is a written opinion of an auditor regarding an entity's financial statements. The report is written in a standard format, as mandated by Malaysia Audit Act 1957.  When a Company preparing financial statements for completion, they often must contain an auditor's report from an external accountant or auditor. This document evaluates the ...

Income tax in Malaysia is imposed on income accruing in or derived from Malaysia except for income of a resident company carrying on a business of air/sea transport, banking and insurance, which is assessable on a world income scope. Who is taxable? All persons staying in Malaysia for more than 182 days are considered as ...

Malaysia Outsourcing Accounting Services, Tannet group offer clients a full range of book keeping and accounting services in Malaysia to a wide range of clients operating across a broad spectrum of commercial, industrial, professional and non-profit sectors. Advantages of Outsource Malaysia Accounting 1) It will strengthen your competitive advantage. 2) Our customized service will help ...

Payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Businesses may decide to outsource their payroll functions to third party for better management. Advantages of Outsourcing : ...

Malaysia Tax Filing Services is a service to process of preparing tax returns, often income tax returns, often for a company other than a person. Tax preparation may be done by the taxpayer with the help of a licensed professional such as licensed authorized company, certified public accountant or enrolled agent. Below refers to some ...

Malaysia SOCSO (Social Security Organization), also known as PERKESO (Pertubuhan Keselamatan Sosial), was established in 1971 under the Ministry of Human Resources (formerly known as Ministry of Labour) to provide social security protections to all employees/workers in Malaysia. PERKESO is an organization to provide insurance coverage against job-related injuries and disabilities, workplace accidents, occupational diseases ...

The Companies Act of Malaysia requires every private limited company in any parts of Malaysia to appoint an approved Malaysia company auditor or audit firm to audit its accounts and report to the members of the company annually. For any business that is registered as a sole proprietor or partnership carrying out business in Malaysia is ...

Outsourcing Bookkeeping & Accounting Services in Malaysia, Tannet group offer clients a full range of book keeping and accounting services in Malaysia to a wide range of clients operating across a broad spectrum of commercial, industrial, professional and non-profit sectors.   Most of the clients will choose for Outsourcing Bookkeeping and Accounting Services in Malaysia ...

Malaysia income tax recently being the highest rate at 28%, has been cut down now to 26% for residents and 27% for non-residents. In addition, taxes like estate duties, annual wealth taxes, accumulated earnings tax or federal taxes are not levied in Malaysia.   Corporate Income Tax A company, whether resident or not, is assessable on income ...