Submission of Income Tax Return Vide Mobile Devices [M-filing]

Every Malaysian tax residents (who do not carry on a business) can now submit their tax returns (Form BE) by using their smart phones (M-Filing). Further details of supported mobile devices can be view on the Inland Revenue Board of Malaysia's website. The deadline for Form BE submission is by 30th April.

LIMITED LIABILITY PARTNERSHIPS ACT 2012: ACT 743

On 9 February 2012 the Limited Liability Partnerships Act 2012 was gazetted. 

The Limited Liability Partnerships, a new business concept in Malaysia, was created as a hybrid vehicle with features of a partnership and a private limited entity. Act 743 defines the fundamentals of a Limited Liability Partnership and regulate its formation, registration, management and enforcement.