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The e-Invoice system is a critical step in Malaysia’s digital transformation of its tax administration. Designed to improve tax compliance and efficiency, the system mandates businesses to issue invoices in a machine-readable format (XML/JSON). The Inland Revenue Board of Malaysia (IRBM) has set clear timelines for the implementation of the e-Invoice system based on business turnover. This guide provides a thorough breakdown of… Continue reading E-Invoice Implementation in Malaysia
Malaysia e-Invoicing Basics An e-Invoice is a structured tax document validated by LHDN in near real time, issued through the MyInvois Portal or via API integration. It replaces traditional invoices, receipts, debit notes, and credit notes and includes a validation link/QR for verification by buyers. Whether you’re a startup owner, SME manager, or finance executive in Malaysia, grasping the distinction between… Continue reading Refundable vs Non-Refundable Deposits in e-Invoicing (Malaysia, 2025 Guide)
If you’re handling payroll and need to submit CP22 forms for employees, AutoCount Payroll can help streamline the process. Follow this step-by-step guide to upload the CP22 file to MyTax Portal. Step-by-Step to Upload CP22 File Step 1: Login to AutoCount Payroll Start by logging into your AutoCount Payroll system. Once logged in, you can… Continue reading How to Upload CP22 File to MyTax Portal Using AutoCount Payroll
What is a Tax Identification Number (TIN) in Malaysia? A Tax Identification Number (TIN) is a unique alphanumeric identifier issued by the Inland Revenue Board of Malaysia (LHDN) to all registered taxpayers. It is the primary reference number LHDN uses to track your tax filings and obligations. For Individuals/Sole Proprietors: Your TIN is typically your NRIC number.… Continue reading Malaysia’s Tax Identification Number (TIN): The Essential Guide for e-Invoicing
Overview This guide shows how to record accrual-based journal entries for monthly salary, Employees Provident Fund (EPF) and Social Security Organisation (SOCSO) in Malaysia. We use a realistic example and show the entries at three stages: accrual, salary payment, and statutory payment. Who is this for? SMEs, accountants, and bookkeepers working with Malaysian payroll. Software Examples align… Continue reading Journal Entries Related to Salary, EPF, and SOCSO Payments in Malaysia: A Complete Guide
Overview Upgrading AutoCount keeps your system secure, stable, and feature-rich. This guide walks through preparation, the actual upgrade, and post-upgrade checks, so you can proceed confidently with minimal risk. At a glance: Confirm requirements and compatibility before you start. Create a verified backup (database + custom templates + plugins). Upgrade server first, then workstations. Validate… Continue reading How to Upgrade AutoCount Software Safely and Efficiently: A Complete User Guide
Why This Confusion Happens Many owners use “bookkeeping” and “accounting” interchangeably. They’re related—but not the same. Bookkeeping records the numbers; accounting explains what those numbers mean and what to do next. Together, they power clean books, tax compliance, and better business decisions. Whether you’re a startup owner, SME manager, or finance executive in Malaysia, grasping… Continue reading Bookkeeping vs Accounting: Key Differences and Why It Matters for Your Business
Why Construction Accounting Demands Special Attention? Construction accounting is fundamentally different from other industries due to its project-based nature, extended timelines, and complex billing structures. In Malaysia, contractors face additional challenges with: MFRS 15 compliance for revenue recognition Retention money handling (5–10% of contract value) Subcontractor management and withholding tax E-invoicing mandates (effective 2024) This comprehensive 4,000+ word guide offers… Continue reading Top Guide: Construction Accounting Malaysia with AutoCount – 2025 Compliance Tips & Entries
Introduction In Malaysia, statutory salary deductions are an essential part of employment compliance, safeguarding workers’ rights and future well-being. Understanding these mandatory contributions helps employers remain compliant and allows employees to know where their money is going. This comprehensive guide covers all major deductions effective in 2025, including EPF, SOCSO, EIS, and HRD levy, complete… Continue reading Essential Guide to EPF, SOCSO, EIS, and HRD Contributions in Malaysia [2025 Update]
Introduction to Malaysian Payroll Reporting Requirements Navigating Malaysia’s payroll reporting system can feel daunting, especially with frequent regulatory updates. Employers are legally required to submit a range of monthly and yearly reports to different authorities such as the Employees Provident Fund (EPF), Social Security Organisation (SOCSO), Employment Insurance System (EIS), Inland Revenue Board (LHDN), and… Continue reading Monthly and Yearly Government Payroll Reports in Malaysia
Introduction to Termination of Employment in Malaysia In Malaysia, the termination of an employment contract is governed by a blend of statutory requirements and contractual obligations. Whether due to company restructuring, disciplinary issues, or voluntary resignation, it’s crucial for both employers and employees to understand the legal procedures to avoid disputes. This article provides a… Continue reading Termination of Employment Contracts in Malaysia: Essential Rules and Procedures
What Is Individual Income Tax in Malaysia? Individual income tax in Malaysia is a progressive tax system imposed on earnings made by individuals within the country. It applies to various types of income, such as salaries, bonuses, commissions, rental income, and freelance earnings. True to the principles of progressive taxation, higher income levels are taxed… Continue reading Individual Income Tax in Malaysia
Introduction to PCB (Potongan Cukai Bulanan) What is PCB and Why It Matters? Potongan Cukai Bulanan (PCB) – or Monthly Tax Deduction (MTD) – is an essential part of Malaysia’s income tax system. Rather than paying a hefty lump sum at year-end, PCB helps employees contribute smaller amounts monthly. It smooths cash flow and ensures… Continue reading Malaysia PCB Calculation Made Easy: A Step-by-Step Payroll Guide (2025 Update)
Introduction: Construction Industry Enters the E-Invoice Era Starting in 2024, Malaysia’s Inland Revenue Board (IRBM) mandates e-Invoicing for all businesses — including the construction sector, which faces one of the most detailed compliance obligations. For contractors governed under the Income Tax (Construction Contracts) Regulations 2007 [P.U. (A) 276/2007], e-Invoicing isn’t just digital — it’s contract-specific,… Continue reading E-Invoicing for Construction Contracts in Malaysia: The 2024 Practical Guide
Introduction: Why Employee Benefits & Perquisites Matter in Malaysia Employee benefits are no longer just “nice to have” perks — they are a critical part of an employee’s total remuneration package. In Malaysia, Benefits-in-Kind (BIK) and perquisites significantly impact both employees’ taxable income and employers’ compliance obligations. However, misreporting these benefits could lead to serious… Continue reading Complete Guide to Benefits-in-Kind (BIK) in Malaysia (2025)
Understanding the Importance of Payroll Management Payroll isn’t just about issuing salaries—it’s a key function that impacts compliance, employee satisfaction, and business reputation. In Malaysia, the complexity is amplified due to legal mandates, cultural practices, and financial responsibilities. Efficient payroll management ensures timely payments, correct deductions, and statutory submissions. It also minimizes errors and builds… Continue reading Comprehensive Guide to Payroll Management in Malaysia
Understanding the definition of wages under Malaysia’s Employment Act 1955 is critical for accurate payroll, statutory deductions, and audit readiness. This guide explains inclusions, exclusions, typical pitfalls, and practical steps to stay compliant in 2025—plus how AutoCount Payroll can automate the heavy lifting. What Are Wages under the Employment Act 1955? Under Section 2 of the Employment Act 1955, wages… Continue reading Definition of “Wages” Under Malaysia’s Employment Act 1955: A Complete 2025 Compliance Guide
Introduction Understanding overtime in Malaysia is crucial for both employers and employees to ensure compliance with local labor laws. The Employment Act 1955, along with its 2022 amendment affective from 1 January 2023, governs overtime (OT) calculations, rates, and eligibility. This comprehensive guide explains how to calculate OT pay in Malaysia, what counts as overtime,… Continue reading Overtime in Malaysia (2025): OT Pay Calculation, Legal Rates & Employee Rights
Introduction Payroll deductions are a fundamental part of workforce management, ensuring legal obligations are met while maintaining employee satisfaction and trust. In Malaysia, payroll deductions are governed by the Employment Act 1955, which outlines the specific types of permissible deductions and the conditions that must be met to enforce them. Understanding payroll deductions in Malaysia… Continue reading Understanding Payroll Deductions in Malaysia: Types, Rules, and Compliance [2025 Guide]
Introduction In Malaysia, employee compensation isn’t limited to just the basic salary. Employers often provide a range of supplementary payments and benefits—collectively known as “other income”—which can significantly enhance an employee’s total remuneration package. Understanding the implications of these components is vital for both employers and employees, particularly in terms of taxation and compliance with… Continue reading Understanding Other Income in Malaysian Payroll: Bonuses, Allowances, and Taxable Benefits – A Complete 2025 Guide
