Tag - Businesses
16Dec

Employees and MSMEs will suffer with insurance premium hikes, says MEF

PETALING JAYA: A proposed surge in insurance premiums could severely impact businesses, particularly micro, small and medium-sized enterprises (MSMEs), says the Malaysian Employers Federation (MEF). Its president Datuk Dr Syed Hussain Syed Husman said any cost increase could greatly strain working capital, hinder cash flows, and discourage crucial investments in digitalisation, tech adoption and operational expansions. "Such...

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09Nov

New initiative for financially distressed companies in the works, says Azalina

KOTA TINGGI: The government is working on a new initiative to support companies facing financial distress following the recent success of the Second Chance Policy for individuals, says Datuk Seri Azalina Othman Said. The Minister in the Prime Minister's Department (Law and Institutional Reform) said that a national convention, expected to be held in early 2025,...

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08Nov

City Hall raids businesses using public spaces to display goods

PETALING JAYA: Kuala Lumpur City Hall has conducted a special operation on business operators that use public areas to store and display goods, including those operating in unhygienic conditions. City Hall's Enforcement Division and the Health and Environment Division led the operation which focused on businesses at Pasar Borong Kuala Lumpur and Pusat Bandar Utara Kuala...

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20Aug

Large-scale tax operation launched in the Klang Valley

CYBERJAYA: Over a thousand Inland Revenue Board (LHDN) and Royal Malaysian Customs Department (JKDM) officers will descend on thousands of Klang Valley businesses to ensure tax compliance as part of Ops Metro 2024.LHDN chief executive officer Datuk Dr Abu Tariq Jamaluddin said the joint operation, which began yesterday, will see officers from both agencies working...

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19Aug

LHDN, Customs to inspect thousands of Klang Valley businesses to ensure tax compliance

CYBERJAYA: Thousands of Klang Valley businesses will be inspected for tax compliance by officers from the Inland Revenue Board (LHDN) and Royal Malaysian Customs Department as part of Ops Metro 2024, says Datuk Dr Abu Tariq Jamaluddin. The LHDN chief executive officer said the newly announced joint operation will see over 1,000 officers from both LHDN...

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06Jul

Deadline to submit tax return forms for business taxpayers extended to July 15

PUTRAJAYA: The Inland Revenue Board (LHDN) has extended the deadline for submission of tax return forms for the assessment year 2023 for taxpayers who operate businesses to July 15. LHDN clarified that this extension applies to various taxpayer groups: Resident Individuals with businesses, Partnerships, Resident Individuals (knowledgeable/specialised workers/non-citizens in key roles), Non-Resident Individuals (knowledge workers), Organisations...

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03Jan

Restore Labuan’s full duty-free status, businesses urge govt

The Labuan Chinese Chamber of Commerce (LCCC) has urged the federal government to reinstate the island’s full duty-free status to boost its appeal to visitors. Its president Wong Kii Yii said that despite previous efforts, including letters to relevant authorities, the government has yet to heed their plea. Wong emphasised that Labuan’s current duty-free status fails to...

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