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Malaysia E-Invoice Mandate 2025: What Businesses Need to Know Now

How to guide

Malaysia's e-invoice mandate through MyInvois is transforming business transactions. This article covers the phased rollout timeline through July 2025, technical integration requirements with LHDN systems, operational impacts on finance teams, implementation challenges encountered by early adopters, SME concerns, strategic opportunities beyond compliance, and immediate actions businesses should take now based on their phase allocation to prepare for this digital transformation.

Corporate Tax Filing Malaysia 2025: Form C Deadlines and Compliance Requirements

Compliance guide

Corporate tax filing in Malaysia follows procedures under Income Tax Act 1967, requiring Form C submission with supporting schedules and financial statements. Companies with financial year ending 31 December 2024 must file by 31 July 2025, or 31 August 2025 via e-Filing. Understanding filing requirements, adjusted income computation, estimated tax obligations, and common issues enables companies to meet deadlines while avoiding penalties and audit risks.

LHDN Tax Audit Malaysia 2025: Process, Penalties and How to Prepare

Compliance guide

The Inland Revenue Board's Tax Audit Framework 2025 governs systematic examination of taxpayer compliance under Malaysia's Self-Assessment System. Companies selected for desk or field audits must submit comprehensive documentation within specified timeframes and respond to preliminary findings within 18 days. Understanding the audit process, penalty structures reaching treble the tax undercharged, and voluntary disclosure options enables informed responses.

Malaysia E‑Invoicing Rollout 2025–2026: CFO Playbook for Phased Adoption

Best practice guide

Malaysia's e‑invoicing rollout requires CFOs to align finance, tax and systems. This playbook covers phasing by turnover, data and master records, mapping of tax and withholding, control design and archiving, integration options with ERP and middleware, and practical change management. Use the testing and cut‑over checklist to reduce operational disruption and keep financial reporting consistent.

Transfer Pricing Compliance Malaysia 2025: New Guidelines and Penalty Structure

Compliance guide

The Inland Revenue Board released updated Transfer Pricing Guidelines in December 2024, introducing penalties up to RM100,000 for documentation non-compliance. Companies with cross-border related party transactions exceeding RM10 million annually must prepare comprehensive transfer pricing documentation before tax return due dates to avoid penalties and audit risks under Malaysia's transfer pricing regime.

SST 2.0 2025–2026: Practical Compliance Guide for Mixed Supplies and Rate Changes

Compliance guide

Finance teams face weekly SST queries around scope, mixed supplies, and cut‑over during rate changes. This guide offers a practical approach to registration, grouping, apportionment, documentation, record‑keeping and returns. It addresses system tax code setup, common errors and how to correct them, with simple checklists for reviews and audit readiness.

Corporate Finance Advisory for Malaysian SMEs: Strategic Growth and Capital Solutions

Best practice guide

Small and medium enterprises form the backbone of Malaysia's economy, representing 97.4% of business establishments. As these businesses mature and pursue growth, strategic corporate finance advisory becomes fundamental for navigating expansion, capital raising, and value creation. Corporate finance advisory helps Malaysian SMEs optimize capital structure, evaluate growth opportunities, and make informed financial decisions aligned with long-term business objectives.

Business Valuation in Malaysia: A Comprehensive Guide for Business Owners

Best practice guide

Business valuation is a critical process for Malaysian companies considering mergers and acquisitions, succession planning, shareholder disputes, or seeking external funding. A properly conducted valuation provides an objective assessment of a company's worth based on financial performance, market conditions, and industry benchmarks. Understanding valuation methodologies and regulatory requirements under the Companies Act 2016 and MFRS is fundamental to making informed strategic decisions.

Due Diligence for M&A Transactions in Malaysia: Essential Considerations

Best practice guide

Due diligence is the investigative process that precedes mergers, acquisitions, and significant corporate transactions. For Malaysian companies involved in M&A activity, thorough due diligence identifies risks, validates assumptions, and informs transaction terms. The Companies Act 2016 imposes fiduciary duties on directors to act in the company's interests, making proper due diligence not merely advisable but a legal obligation for transaction participants.

Corporate Restructuring in Malaysia: A Strategic Guide for Financial Recovery

Best practice guide

Corporate restructuring provides Malaysian companies facing financial difficulties with strategic options to restore viability and preserve stakeholder value. The Companies Act 2016 offers various mechanisms for companies to address financial distress through operational improvements, capital reorganization, and debt restructuring. Understanding available restructuring tools and regulatory requirements enables directors to navigate financial challenges while fulfilling their fiduciary duties.

Scheme of Arrangement Under Section 366: A Comprehensive Guide for Malaysian Companies

Best practice guide

Scheme of arrangement under Section 366 of the Companies Act 2016 provides Malaysian companies with a flexible, court-supervised mechanism to restructure obligations with creditors or members. This statutory process enables binding arrangements affecting all stakeholders while offering moratorium protection during implementation. Understanding the scheme process, approval requirements, and strategic applications enables companies to utilize this restructuring tool effectively.

Liquidation and Insolvency in Malaysia: A Director's Guide to Winding Up Procedures

Best practice guide

Liquidation represents the formal process of winding up a company's affairs, realizing assets, and distributing proceeds to stakeholders according to statutory priorities. The Companies Act 2016 provides frameworks for both voluntary and compulsory liquidation in Malaysia. Understanding winding up procedures, director obligations, and creditor rights enables stakeholders to navigate the liquidation process while ensuring compliance with legal requirements throughout asset realization.

Services

Chartered accountant in Malaysia preparing MFRS-compliant financial statements

Accounting & Financial Reporting

SERVICES

SNCO delivers MFRS and MPERS-compliant financial statements with comprehensive management reporting for Malaysian businesses. Our chartered accountants prepare statutory accounts, consolidated statements, and monthly management reports meeting Companies Act 2016 requirements.\n\nWe configure accounting systems, design chart of accounts structures, and document accounting policies under MFRS (full IFRS for enterprises) or MPERS (IFRS for SMEs) ensuring audit readiness and regulatory compliance. Services include automated reporting workflows, variance analysis, and professional oversight for accurate financial management.\n\nFrom system implementation to statutory filings, we provide end-to-end financial reporting solutions tailored to your business complexity, ownership structure, and reporting obligations.

MIA chartered accountants in Malaysia conducting statutory audit

Audit & Assurance Services

SERVICES

SNCO conducts statutory audit engagements in strict accordance with International Standards on Auditing (ISA), providing independent assurance over financial statements across diverse Malaysian regulatory frameworks including Companies Act 2016, Cooperative Societies Act 1993, and Societies Act 1966. Our MIA-registered chartered accountants deliver comprehensive audit services for private and public limited companies, co-operative societies, strata management bodies (JMB/MC), registered societies, and non-profit organizations. We provide practical internal control observations, regulatory compliance assessments, and governance recommendations supporting sustainable business operations. From planning to reporting, we deliver professional audit services with clear communication, practical business insights, and adherence to professional standards ensuring stakeholder confidence and regulatory compliance.

Licensed tax agent in Malaysia supporting LHDN compliance and corporate tax

Tax Advisory & Compliance

SERVICES

SNCO provides comprehensive corporate tax compliance and strategic advisory services under the Income Tax Act 1967, supporting Malaysian businesses through planning, compliance, dispute resolution, and regulatory representation. Our licensed tax agents prepare Form C tax returns, corporate tax computations, and deferred tax provisions under MFRS 112. We develop transfer pricing documentation under Section 140A, manage RPGT compliance, and coordinate tax incentive applications including pioneer status and investment tax allowances. We represent clients during LHDN field audits, desk audits, and tax investigations including objection preparation, SCIT appeal representation, penalty mitigation, and voluntary disclosure submissions ensuring favorable outcomes and regulatory compliance.

Chartered accountant in Malaysia performing valuation and financial due diligence

Corporate Finance & Transactions

SERVICES

SNCO provides business valuation and transaction advisory services using rigorous methodologies tailored to M&A, financial reporting requirements, and strategic decision-making. Our chartered accountants deliver independent, defensible valuations supporting critical business transactions and regulatory compliance. We perform business and enterprise valuations using DCF, market comparable, and asset-based methodologies. We prepare fair value assessments under MFRS 3 and MFRS 13, share valuations for unlisted companies, and fairness and solvency opinions under Section 222 of Companies Act 2016. Our transaction advisory includes comprehensive financial due diligence, tax due diligence, financial projections review, and debt advisory services supporting informed decision-making throughout the transaction lifecycle from negotiation to closing.

Licensed liquidator in Malaysia managing corporate restructuring and insolvency

Corporate Restructuring & Recovery

SERVICES

SNCO assists businesses facing financial distress through insolvency administration and corporate restructuring solutions under Companies Act 2016 Sections 439-574, helping stakeholders navigate formal and informal restructuring processes with professional oversight and regulatory compliance. We provide licensed liquidator services for voluntary and compulsory winding up, receivership appointments for secured creditors, and court-appointed liquidator services managing statutory duties and stakeholder reporting. We implement court-sanctioned schemes of arrangement under Section 366, judicial management applications, and corporate voluntary arrangements supporting business rehabilitation. Our restructuring advisory includes debt restructuring strategy, creditor negotiation, debt rescheduling, turnaround planning, and cash flow management supporting viable businesses through financial challenges while maximizing stakeholder outcomes and maintaining regulatory compliance throughout the process.

Implementing Dynamics 365 Business Central and cloud ERP in Malaysia

Technology Consulting & Digital Transformation

SERVICES

SNCO implements cloud-based accounting and ERP systems that modernize financial operations for Malaysian businesses while supporting compliance with electronic record-keeping requirements under Companies Act 2016 and PDPA data governance standards. We provide comprehensive accounting software selection, vendor evaluation, and deployment of cloud and on-premise platforms including Microsoft Dynamics 365 Business Central for SMEs and Finance & Operations for enterprises with complex multi-entity requirements. Services include system configuration, data migration, and integration with existing business systems. Our implementation methodology includes chart of accounts redesign supporting consolidation and multi-dimensional reporting, dimension and hierarchy design, digital transformation roadmaps, change management programs, and end-user training through hands-on workshops and train-the-trainer programs ensuring sustainable system adoption and knowledge transfer.

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