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What Requirements Will I Need to Fulfill After Malaysia Company Incorporation?

Update Date:2021-9-6 15:04:20     Source:www.3737580.com     Views:36

You will to appoint auditors from a list of auditors approved by the SSM. You will need to
supply the shareholders with the audited accounts before the Annual General Meeting. A
private company is not required to present the audited accounts at an AGM but a public
company is required to.
 Make annual report to the SSM. The new Companies Act 2016 requires that the annual
returns are made within 30 days of the anniversary of incorporation.
 Opening a bank account
Every company operating in Malaysia must have a Goods and Services Tax (GST) number. To apply
for this number, the company must have a bank account number.
 Registration for the GST number
The GST number is issued by Royal Malaysian Customs. As from April 2015 the effective GST rate is
6%. This is charged on:
1. Goods made in Malaysia by a taxable entity
2. All goods imported into Malaysia unless they are zero-rated.
 Register for Income tax and PAYE
The Inland Revenue Board of Malaysia (LHDN) issues the income tax and PAYE number. You can do
self-registration on the online MyCoID portal number on LHDN portal e-daftar.hasil.gov.my or
physically at their offices. You will require the Certificate of Incorporation and the Particulars of
Shareholders, directors, manager and the company secretary.
 Register for Employees Provident Fund  

If your company is planning to employ, you must register with the EPF. The registration should be
done within 7 days of hiring the first employee.
 Register for Social Security
Malaysian law requires that all employers register for social security which is done by Social
Security Organization (SOCSO- Perkeso).


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