Petronas Chemicals IPO RM5.05 launched today
Following the first of two series IPO exercises, in which Malaysia Marine And Heavy Engineering Berhad get listed with an overwhelming premium of RM0.71 on the close of last Friday, the second IPO series...
Housing loan interest tax deduction of RM10,000 per year for 3 years of assessment
Claim your housing loan interest as personal tax deduction/relief up to RM10,000 per year for 3 years of assessment (RM10,000 x 3 YAs = RM30,000 in total), if you buy a house before 31...
Company Registration and SSM in Malaysia
The Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia or SSM) is a statutory body which regulates companies and businesses. SSM, which came into operation on 16 April 2002, is a statutory body formed as...
How to determine Realised / Unrealised Profits?
There are increasing MASB accounting standards which require the application of fair value accounting and measurement in the financial statements, notable accounting standards include fair value model under FRS 140 Investment Properties and recognition...
IRB introduces Information Collection Program
The Malaysian tax authorities, Inland Revenue Board (IRB) has, on Oct 19, introduced “Information Collection Program” which is aimed to support the enforcement and compliance activities conducted by IRB as well as providing information...
Malaysia Marine and Heavy Engineering (MMHE) IPO oversubscribed 7.76 times for public portion
In a press release issued by Malaysian Issuing House (MIH) dated 18 Oct 2010, Malaysia Marine And Heavy Engineering Holdings Berhad (MMHE) received a total of 35,864 applications for 280,352,400 shares from the Malaysian...
Do you agree that GST should be implemented in Malaysia?
e-Poll - “Do you agree that Goods and Services Tax (GST) should be implemented in Malaysia?”
The e-poll is put up by Royal Malaysian Customs at its official website www.gst.customs.gov.my to gather and understand public...
Malaysia Individual Personal Tax Relief for YA 2010 & YA2011 (both years are same)
Individual personal tax relief is only available for individuals who are considered tax resident in Malaysia. No tax relief is available for non-tax residents. Generally rule is, a person is a Malaysia tax resident...
Budget 2011: Sales Tax Exemptions on Mobile Phones
Ordinary mobile phones are subject to sales tax of 10% whereas Personal Digital Assistant (PDA) with Global System Mobile (eg. smart phones) which may function as a mobile phone is given sales exemption.
In order...
Budget 2011: 100% loan for first house buyers
The Malaysian government is aware of the difficulties faced by low income group and fresh graduates who just joined workforce in buying a house.
To assist this group of people, the government will introduce Skim...