如何轻轻松松关闭 Sdn Bhd

如果你没有正确关闭公司，SSM、IRB、RMC、SOSCO、EPF 等的政府机构将在未来内对你严重罚款.

2016 年《公司法》第 550 条规

2016 年《公司法》第 550 条规定，SSM 可以主动或应公司董事、成员/股东的申请将公司 “删除”.

根据第 550 CA 2016 条申请的条件

1. 股东大会已通过发起删除公司公司没有进行的营业与否.

2. 公司提出申请的时间无资产和负债.

3. 公司没有未清的罚款.

4. 公司无未缴税款.

5. 公司向 SSM 提供的信息已是最新.

6. 公司不涉及任何法律诉讼在马来西亚境内或境外进行.

7. 公司未进行任何资本回笼给股东.

8. 该公司并非控股公司.

9. 公司不是“担保公司”

KTP/THK key takeaways

和我们谈谈。 我们可以一起解决您的财务困境

Visit Us

• Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

• Website www.ktp.com.my

• Instagram https://bit.ly/3jZuZuI

• Linkedin https://bit.ly/3sapf4l

• Telegram http://bit.ly/3ptmlpn

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

• Website www.thks.com.my

• Facebook https://bit.ly/3nQ98rs

KTP Lifestyle

An internal community for our colleagues on work and leisure.

• Tiktok http://bit.ly/3u9LR6Q

• Youtube http://bit.ly/3ppmjyE

• Facebook http://bit.ly/3ateoMz

• Instagram https://bit.ly/3jZpKLo

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

• Instagram https://bit.ly/3u2PxHg

• Facebook http://bit.ly/3rPxz9o

#Ktp #Thks

一定要出律师信....坏账才可以扣税吗?

让我们参考 IRB Public Ruling 4/2019 坏账被定义为在采取适当措施收回后被认为无法收回的债务 :

1. 发出提醒通知

2. 债务重组计划.

3. 债务清偿的重新安排.

4. 有争议的债务的谈判或仲裁.

5. 法律诉讼.

KTP/THK key takeaways

不必要出律师信....坏账才可以扣税吗?

Visit Us

• Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

• Website www.ktp.com.my

• Instagram https://bit.ly/3jZuZuI

• Linkedin https://bit.ly/3sapf4l

• Telegram http://bit.ly/3ptmlpn

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

• Website www.thks.com.my

• Facebook https://bit.ly/3nQ98rs

KTP Lifestyle

An internal community for our colleagues on work and leisure.

• Tiktok http://bit.ly/3u9LR6Q

• Youtube http://bit.ly/3ppmjyE

• Facebook http://bit.ly/3ateoMz

• Instagram https://bit.ly/3jZpKLo

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

• Instagram https://bit.ly/3u2PxHg

• Facebook http://bit.ly/3rPxz9o

#Ktp #Thks

What is the registration of charges with SSM?

SSM fine director RM50,000 for failure to keep the instrument of charges.

What are charges

A mortgage and any agreement to give or execute a charge or mortgage whether upon demand or otherwise.

Type of Charges

a) Fixed Charge A charge which attaches to specific/ fixed assets owned by the company.The company cannot deal with the assets (example dispose of the property or machinery) without prior consent.

b) Floating Charge A charge is held over current assets that can change over time.The company can deal with the charged assets to maintain its business.

When to lodge a charge?

Statement of particulars with/ without debenture needs to be lodged within 30 days from the date of creation of the charge. (unless accompanied by a court order for extension of time).

Certificate of Registration of Charge will be issued.

When there is a charge, subsequently there will be discharged

When the debt of charge has been paid or satisfied, the company shall lodge

• Memorandum of satisfaction of charge;

• Evidence of satisfaction of charge;

• Statutory declaration verifying memorandum

Due date:Within 14 days from the date of satisfaction of charges.

Registration fee :Local company RM50.00 ; Foreign Company RM150.00

Upon successfully registering for discharge, a Certificate for Discharge will be issued.

KTP/THK Key Takeaways

Keep these at the register office for any inspection.

1. The certificate of charge and 

2. The certificate of discharge 

The following offenceis subject to a fine not exceeding RM50,000

1. Keep instruments of charges 

2. Register of charges

Visit Us

• Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

• Website www.ktp.com.my

• Instagram https://bit.ly/3jZuZuI

• Linkedin https://bit.ly/3sapf4l

• Telegram http://bit.ly/3ptmlpn

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

• Website www.thks.com.my

• Facebook https://bit.ly/3nQ98rs

KTP Lifestyle

An internal community for our colleagues on work and leisure.

• Tiktok http://bit.ly/3u9LR6Q

• Youtube http://bit.ly/3ppmjyE

• Facebook http://bit.ly/3ateoMz

• Instagram https://bit.ly/3jZpKLo

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

• Instagram https://bit.ly/3u2PxHg

• Facebook http://bit.ly/3rPxz9o

#Ktp #Thks

Notification of changes of address to SSM

We are moving! You Will notify your suppliers and customers.

In the past, a company that changes its business address can only notify SSM of such changes through the lodgement of Annual Return.

Where a company change its business address the company is required to notify SSM within 14 days from the date of such change.

The notification shall be in a form and manner as specified in SSM Schedule B of the Practice Directive 1/2017.

If a document is lodged later than the prescribed timeframe, a late lodgment penalty shall apply from RM50 to RM200.

我们要搬家！需要通知 SSM ?

我们要搬家！都会通知你的供应商和客户.

过去，公司更改营业地址只能通过提交周年申报表通知 SSM.

公司必须在更改其营业地址起 14 天内通知 SSM.

通知应采用 SSM 中规定的形式和方式.

如果文件在规定的时限之后提交，迟交罚款从 RM50 到 RM200

Visit Us

• Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

• Website www.ktp.com.my

• Instagram https://bit.ly/3jZuZuI

• Linkedin https://bit.ly/3sapf4l

• Telegram http://bit.ly/3ptmlpn

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

• Website www.thks.com.my

• Facebook https://bit.ly/3nQ98rs

KTP Lifestyle

An internal community for our colleagues on work and leisure.

• Tiktok http://bit.ly/3u9LR6Q

• Youtube http://bit.ly/3ppmjyE

• Facebook http://bit.ly/3ateoMz

• Instagram https://bit.ly/3jZpKLo

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

• Instagram https://bit.ly/3u2PxHg

• Facebook http://bit.ly/3rPxz9o

#Ktp #Thks

SSM Xcess Portal

The recent launching of “XCESS” portal by SSM on 2 September 2021 has open up the accessibility for users to purchase a person's Personal Involvement Information (PII) in companies, businesses and Limited Liability Partnerships (LLP) just with that person identity card number (Mykad no.).

What is this portal all about?

This XCESS Portal is an online platform provided by SSM for the sale of products/ information for Limited Liability Partnerships (LLPs).

In short, this portal allows users to purchase the following types of products with a fee as listed on page 2 in the user manual (refer below link):

1. Limited Liability Partnerships

o LLP Current Profile;

o LLP Registration Certificate; and

o Personal Involvement as a Partnership and Compliance Officer.

2. Companies

o Personal Involvement as a Director;

o Personal Involvement as a Shareholder;

o Personal Involvement as a Company Secretary;

o Personal Involvement as an Auditor; and

o Personal Involvement as a Liquidator.

3. Businesses

o Personal Involvement as a Business Ownership.

How to Xcess ?

You can now register as a user to access this portal via SSM4U Portal or www.ssm4u.com.my and the step to register and access is easy by following the step by step explanation shown in the user manual.

Digital Certified Copy ?

However, the “XCESS” portal currently does not provide any Digital Certified True Copy for such purchase of the information/product. In case, you intend to obtain Digital Certified True Copy (DCTC), you may proceed to obtain the DCTC from the nearest SSM branch office. Do bring along the print-out of products/ information purchased and the price for such DCTC is subject to the Pricing Schedule as fixed by SSM.

KTP / THK comments

Nowadays in the development of digitalisation, SSM eases the accessibility to the public to register and subscript as a user through their portal to obtain and purchase any statutory products/ information via the online platform.

For more information on Xcess , click here:

• General : https://bit.ly/39orJoe

• FAQ : https://bit.ly/3EMBzin

• User manual : https://bit.ly/3EFPkiO

Visit Us

• Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

• Website www.ktp.com.my

• Instagram https://bit.ly/3jZuZuI

• Linkedin https://bit.ly/3sapf4l

• Telegram http://bit.ly/3ptmlpn

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

• Website www.thks.com.my

• Facebook https://bit.ly/3nQ98rs

KTP Lifestyle

An internal community for our colleagues on work and leisure.

• Tiktok http://bit.ly/3u9LR6Q

• Youtube http://bit.ly/3ppmjyE

• Facebook http://bit.ly/3ateoMz

• Instagram https://bit.ly/3jZpKLo

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

• Instagram https://bit.ly/3u2PxHg

• Facebook http://bit.ly/3rPxz9o

#Ktp #Thks

未能保留足够记录的后果

马来西亚以下法令要求保留足够的记录：

• 1967 年所得税法第 82 条

• 2016 年公司法第 245 条

為何要保存紀錄

所有紀錄須由交易日期起計保留 7年。

此外，亦有很多其他很好的理由，須要保存準確的業務紀錄，這些理由包括：

• 準確的紀錄有助你擬定財務計劃及作出決策，使你對業務控制得更好

• 助你營造更專業的形像，方便你與銀行交易

• 適當的紀錄有助你提交準確的利得稅報稅表

• 在稅務局審核你的業務時，如果你已備存所需的紀錄，在這方面要付出

• 的費用可以減輕

• 在依例確實申報方面的費用較少

• 及早揭發在業務上的損失及失竊情形

• 在業務的整體控制方面，有較大的能力

公司应保存哪些记录？

• 会计记录

• 现金簿、销售分类帐、采购分类帐和总分类帐

• 证明文件

• 应保留发票、银行对账单、付款单、支票票据、付款收据、工资单记录和出具的收据副本。

• 当商品销售额超过 RM150,000 或提供的服务超过 RM100,000 时，所发出的收据应按顺序编号。

• 应在每个会计期间结束时对交易中的存货或在制品进行估值，并保留适当的记录

• 验证任何账簿中的条目所需的其他文件

1967 年所得税法和 2016 年公司法有什么要求？

• 每笔交易的会计分录应在交易后的 60 天内记录。

• 记录和账簿应使用本国语言或英语书写。

• 公司必须保留足够的记录 7 年。

• 与马来西亚任何收入有关的所有文件均应保存在马来西亚。

• 如果记录和账簿保存在马来西亚境外，则记录和账簿应在公司的注册办事处或营业场所出示。

   

如果没有保留足够的记录，会有什么后果？

• 额外的应付税款来自：

• 纳税人的应课税收入可以根据税务局的最佳判断和相应的评估来确定。

• 如果纳税人未能提供证明记录，则不允许扣除。

• 公司财务报表不可靠

• 会影响注册会计师对财务报表发表的意见，并根据错报的影响出具经修改的审计意见。

• 修改后的审计意见将限制公司向银行借款的能力。

• 供应商可以通过经审计的财务报表来评估公司的信誉。如果公司的财务报表不可靠，供应商可能不愿意给予更长的信用期。

根据马来西亚的法律，这是违法行为：

1967 年所得税法第 119 条

• 罚款 RM300 至 RM10,000；或者

• 监禁不超过 12 个月或两者兼施。

2016 年公司法第 245 (9) 条

• 罚款不超过RM500,000；或者

• 监禁不超过3年或两者兼施。

来源

• 第 4/2000 号公共裁决（修订） 保留足够的记录（公司和合作社）

• 第 5/2000 号公共裁决（修订版） 保持足够的记录（个人和合伙企业）

• 公共裁决第 6/2000 号（修订）保留足够的记录（公司和合作社以外的人）

• 1967年所得税法

• 2016 年公司法

Visit Us

• Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

• Website www.ktp.com.my

• Instagram https://bit.ly/3jZuZuI

• Linkedin https://bit.ly/3sapf4l

• Telegram http://bit.ly/3ptmlpn

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

• Website www.thks.com.my

• Facebook https://bit.ly/3nQ98rs

KTP Lifestyle

An internal community for our colleagues on work and leisure.

• Tiktok http://bit.ly/3u9LR6Q

• Youtube http://bit.ly/3ppmjyE

• Facebook http://bit.ly/3ateoMz

• Instagram https://bit.ly/3jZpKLo

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

• Instagram https://bit.ly/3u2PxHg

• Facebook http://bit.ly/3rPxz9o

#Ktp #Thks

What if I don't submit my account and tax?

The FINE is really scary. Nowadays SSM & IRB fines are really a lot of money.

Our business motto is It is not fine to pay fine.

Non-compliance and its penalty according to the below section of Companies Act, 2016 for Private Company (Sdn Bhd)

1) Lodgement of Annual Return (AR)

Section 68(1) of Companies Act, 2016

Requirement : Lodge the AR to SSM not later than 30 days from the anniversary of its incorporation date

Penalty : a fine not exceeding RM50,000.00

2) Prepare financial statements

Section 248(1) of Companies Act, 2016

Requirement : Prepare the financial statements within 6 months of its financial year end

Penalty : a fine not exceeding RM500,000.00 or imprisonment not exceeding 1 year or both

3) Circulation of financial statements and reports to members of the company

Section 258 (1) of Companies Act, 2016

Requirement : Circulate the financial statements within 6 months of its financial year end

Penalty : a fine not exceeding RM50,000.00

4) Duty to lodge financial statements and reports

Section 259 (1) of Companies Act, 2016

Requirement : Lodge the financial statement to SSM within 30 days from the circulation date (as per above Section 258)

Penalty : a fine not exceeding RM50,000.00

5) Failure to submit the tax return

Section 112 of Income Tax Act 1967

Penalty : -   200.00 to 20,000.00 or imprisonment for a term not exceeding 6 months / Both. In practice, IRB will impose a penalty of 15% to 45% of the tax payable for late filing of tax returns.

6) Late tax payment penalty

Section 103(3) of Income Tax Act 1967

Penalty : 10% shall be imposed on the amount unpaid without any further notice

Visit us

• Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

• Website www.ktp.com.my

• Instagram https://bit.ly/3jZuZuI

• Linkedin https://bit.ly/3sapf4l

• Telegram http://bit.ly/3ptmlpn

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

• Tiktok http://bit.ly/3u9LR6Q

• Youtube http://bit.ly/3ppmjyE

• Facebook http://bit.ly/3ateoMz

• Instagram https://bit.ly/3jZpKLo

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

• Instagram https://bit.ly/3u2PxHg

• Facebook http://bit.ly/3rPxz9o

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

• Website www.thks.com.my

• Facebook http://bit.ly/3duvQ5z

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

Step by step to change the name of the company

Change of company name, is it tough?

Introduction

The company is able to change its existing company name to another under section 28 of the Companies Act 2016

Only the existing company secretary may lodge the application to change the company name

Procedure to change the name of the company

a. name search and application of name

• Conduct a name search on the proposed company name with SSM via mycoid with payment of fee at rm50 per name.

• Once approved, the proposed name will be reserved for thirty (30) days.

• further extension is allowed to a maximum of 180 days with an additional payment of a fee

b. submission of application to change company name

• Submit the documents to ssm (over the counter) with a fee of rm100

  • document 1 - a copy of the application and reservation for the availability of names [section 27(1)(4)]

  • document 2 - a copy of the email from ssm for the approval notification of the reservation of name

  • document 3 - a copy of the application for change of name under section 28 of the companies act 2016

  • document 4 – a copy of directors’ and members’ resolutions

  • document 5 – a photocopy of certification of incorporation/ registration (form 9 or section 17)

c. verification of change of company name

• A notice of change of name will be issued by ssm upon compliance with the procedures and submission of duly completed documents.

• Certificate of incorporation on change of name can be purchase from SSM online portal (mycoid) with the prescribed fee.

d. notify on change of company name

The company can furnish the certificate (with certified true copy) to related government authorities bodies (such as land office, mbjb, mbjbt and etc…) and bank for an update on such change.

Visit us

• Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

• Website www.ktp.com.my

• Instagram https://bit.ly/3jZuZuI

• Linkedin https://bit.ly/3sapf4l

• Telegram http://bit.ly/3ptmlpn

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

• Tiktok http://bit.ly/3u9LR6Q

• Youtube http://bit.ly/3ppmjyE

• Facebook http://bit.ly/3ateoMz

• Instagram https://bit.ly/3jZpKLo

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

• Instagram https://bit.ly/3u2PxHg

• Facebook http://bit.ly/3rPxz9o

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

• Website www.thks.com.my

• Facebook http://bit.ly/3duvQ5z

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

Can director personally liable to company tax?

FAQ from our clients during this pandemic relates to this topic ''Director's Personal Liability'' under the Income Tax Act 1967 :

1. I don't have money to close company and submit tax return. Can I leave it there until I have enough money?

2. Will IRB go after me as a director of my company if I don't submit tax on my company?

3. I am a nominee director in this company only. Will IRB take action against me?

4. The outstanding tax arises prior to my appointment as director in 2020. Can I argue with IRB?

5. & more.

Stay tune for our upcoming recent tax cases on director's personal liability.

S75A of the Income Tax Act 1967

Any person who is a director of that company during the period in which the debt is liable to be paid by that company shall be jointly and severally liable for such tax or debt.

(a) where any tax is due and payable by a company, any person who is a director of that company during the period in which that tax is liable to be paid by that company or

(b) where any debt is due and payable from an employer under any rules made pursuant to section 107.

Director means any person who

(a) is occupying the position of director including any person who is concerned in the management of the company’s business and

(b) is either on his own or with one or more associates, the owner of, or able directly or or through the medium of other companies or by any other indirect means to control, not less than twenty per cent of the ordinary share capital of the company.

Visit us

• Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

• Website www.ktp.com.my

• Instagram https://bit.ly/3jZuZuI

• Linkedin https://bit.ly/3sapf4l

• Telegram http://bit.ly/3ptmlpn

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

• Tiktok http://bit.ly/3u9LR6Q

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Stamp duty for transfer of shares Malaysia

Section 105(1) of the Companies Act 2016 required any shareholder or debenture holder may transfer all or any of his shares or debentures in the company by a duly executed and stamped instrument of transfer and shall lodge the transfer with the company. 

What is IRB’s STAMPS?

Stamps is an Electronic Stamp Duty Assessment and Payment System via internet.  

STAMPS will be replacing the manual franking system in LHDNM’s counter  with effect from 01/07/2021. 
 
Who can register for STAMPS ? 
1. Company 
2. Agent (Lawyer, Real-properties Agent, etc) 

Stamp duty computation

According to the item 32(b) First Schedule of Stamp Act 1949:  

“On sale of any stock, shares or marketable securities, to be computed on the price or value thereof on the date of transfer, whichever is the greater –  

For every RM1,000 or fractional  part of RM1,000 RM3.00 

Method  #1 – Net Tangible Asset (NTA) 
Formula: 
= Total Asset – Intangible Asset – Total Liability  
 
NTA per share  
= NTA  / Number of shares issued 
 
Method  #2 – Consideration 

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• Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

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KTP (Audit, Tax, Advisory)

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• Duration under company constitution expires
• A resolution (majority of shareholders) is passed in general meeting
• Triggering event stated in the company constitution & resolution pass in general meeting
• Special Resolution (3/4 majority of shareholders)

We are one-stop (years+ history) audit, tax, secretarial, accounting, and payroll firms that commit to help and grow our client's business.

The disadvantages of buying property via Sdn Bhd (private limited company)

#1 Taxation

The Sdn Bhd will be taxed 24% instead of SME preferential tax rate (17% on first RM600,000 chargeable income, 24% on subsequent chargeable income)

#2 Cost

The cost of setting up a Sdn Bhd run from thousands dollar.

The annual compliance cost on audit, tax and secretarial run from thousands dollar.

#3 Profit distribution

Shareholder can only reap the profit via dividend distribution under the Company Act 2016.

#4 Personal guarantor

The director/shareholder may act as personal guarantor to the bank for loan financing on the property.

#5 Loan Financing Ratio

Bank normally charge higher interest rate and borrowing limits to Sdn Bhd compared with individual.

#6 Transfer of shares

Shares of Sdn Bhd are not openly tradeable and may be difficult to find a buyer.

#7 Closure of company

The closure of sdn bhd may be time consuming and costly.

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• Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

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𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

• Instagram https://bit.ly/3u2PxHg

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𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

• Website www.thks.com.my

• Facebook http://bit.ly/3duvQ5z

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

The advantages of buying property via Sdn Bhd (private limited company)

#1 Risk Diversification

Pool more money up to 50 shareholders into the Sdn Bhd to buy one/more property.

#2 Easy/Flexible disposal

The shareholders who want to exit the investment can be done via transfer of share of the sdn bhd instead of disposal of property.

#3 Execute legal document

The shareholders of the Sdn Bhd can delegate the signing of documents to director of the company.

#4 Estate planning

Share of the deceased shareholder can be transferred to the beneficiaries.

#5 Debt Service Ratio

A ratio where bank use to determine the borrower capacity for payment of debt via company earning power.

#6 Loan to Share Capital Ratio

Higher share capital is used as one of criteria for bank borrowing on property.

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• Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

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𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

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We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

Weekly E-KTP Newsletter #191: Permanently increase of Indebtedness threshold to RM50,000

Summary

A higher threshold for winding up proceedings against a debtor who inability to pay debts

Full story

Suruhanjaya Syarikat Malaysia (SSM) has permanently raised the indebtedness threshold for companies from RM10,000.00 to RM50,000.00 with effect from 1 April 2020; after introduced a temporary measure from 23 April 2020 to 31 March 2021 under Section 466 of the Companies Act 2016.

This initiative was aimed to reduce the burden and impact on companies facing cash flow problems. This is prevention to companies being winding up and able to continue doing business during the COVID-19 pandemic.

Upon implementation of this initiative, the number of winding-up petitions is expected to reduce and companies will be able to continue doing business without worry. This is supported by the number of petitions submitted to SSM from April to December 2020 recorded at 665 cases as compared to 1,760 cases in the year 2019 and 1,533 cases in the year 2018.

Is the threshold considered an appropriate amount? As elaborate from Datuk Seri Alexander Nanta Linggi, the Minister of Domestic Trade and Consumer Affairs, this amount was considered appropriate from two (2) perspective as below:

1. not too low in forcing companies to wind up due to small amounts of debt, and

2. not too high which could burden smaller creditors for not being able to take action against companies in debt.

Hence, SSM hopes that the implementation of this initiative will help and support the corporate sector during the economic recovery period, especially for companies affected by the COVID-19 outbreak.

Source :

SSM Press release https://bit.ly/3dLpE7s

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• Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

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KTP

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What should you do on tax matters after the conversion from enterprise to sdn bhd ?

Form CP 502

Upon conversion from enterprise to sdn bhd, you shall vary the instalment payments if do not agree with the Notice of Instalment Payments (CP500).

Form CP502 must be filled up by using a black ink pen and be submitted to the respective IRBM branch which handles the taxpayers' file.

The due date for submission of Form 502 is not later than 30 June 2020.

CP 204 Tax estimation for Sdn Bhd

Submission of tax estimate in Malaysia is mandatory under Section 107C of the Malaysian Income Tax Act, 1967.

According to Public Ruling 07/2011, A company which has been in operation (existing) should furnish estimation of tax payable not later than 30 days before the beginning of the basis period for a year of assessment.

For those that have just commenced business the estimate of tax payable should be furnished within 3 months from the date of commencement of business of the company, trust body or co-operative society.

SME is not required to furnish an estimate of tax payable or make instalment payments for a period of 2 years beginning from the year of assessment in which the SME commences operations.

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KTP

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𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our job platform for interns, graduates & experienced candidates )

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𝐓𝐇𝐊 (Our associate in secretarial & accounting services)

• Website www.thks.com.my

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We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.