From E-Stamping to MyTax: Challenges for Company Secretary Firms
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From E-Stamping to MyTax: Challenges for Company Secretary Firms
1. Increased administrative workload and operating costs
2. Longer processing time
3. Higher compliance and professional risk
4. Dependence on clients’ MyTax accounts
Conclusion
𝐕𝐢𝐬𝐢𝐭 𝐮𝐬
Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
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
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Linkedin https://bit.ly/3EH885M
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/3Rko5kN
Linkedin https://bit.ly/3sapf4l
Telegram http://bit.ly/3ptmlpn
𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞
An internal community for our colleagues on work and leisure.
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KTP 𝐂𝐚𝐫𝐞𝐞𝐫
An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.
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#KTP #Thk
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Starting from 1 January 2026, Malaysia’s stamp duty process will move from the e-Stamping system to the MyTax platform. As part of this transition, the existing e-stamping system will be closed. While this change is meant to improve tax administration, it also brings several challenges for company secretary firms.
1. Increased administrative workload and operating costs
Under MyTax, secretarial firms will likely need approval from each client to act on their behalf. This means more forms, more documents, and more follow-ups with directors and shareholders. This can be challenging, especially for clients unfamiliar with online systems. More time will be spent on coordinating with clients, solving system issues, and performing additional checks. This reduces efficiency and may increase operating costs.
2. Longer processing time
At the beginning, staff will need time to learn the new system, and technical problems or system congestion may also happen. This can delay the stamping of documents such as share transfer forms, agreements, and etc, which may slow down company matters.
3. Higher compliance and professional risk
MyTax is directly linked to LHDN’s tax records; any errors or late submission may result in penalties. Even if caused by system issues or client delays, this issue will indirectly increase the firm’s risk and responsibility.
4. Dependence on clients’ MyTax accounts
Secretarial firms rely on clients to access their MyTax accounts. If clients forget their passwords, do not receive TAC codes, or respond late, the firm cannot proceed. This may cause delays beyond the firm’s control.
5. Clients’ refusal to grant MyTax access
Some clients may refuse to share access to their MyTax accounts due to confidentiality or security concerns. In such cases, secretarial firms may have to use their own MyTax accounts to perform submissions on behalf of clients. This increases compliance risks, potential liability, and administrative burden for the firm, as any issues or penalties may still be attributed to them.
Conclusion
Although MyTax may bring long-term benefits to the tax system, it creates short- to medium-term challenges for company secretary firms. These include more administrative work, slower processing, higher risks, and increased costs. Firms should prepare early by training staff, improving internal processes, and clearly informing clients about what to expect during this change.
𝐕𝐢𝐬𝐢𝐭 𝐮𝐬
Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
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/42XKWsk
Instagram https://bit.ly/42Uqf0e
Linkedin https://bit.ly/3EH885M
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/3Rko5kN
Linkedin https://bit.ly/3sapf4l
Telegram http://bit.ly/3ptmlpn
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 #Thk
#Myktp
#ktplifestyle
#ktpcareer
#24years
