Baker Tilly Penang
70 subscribers
24 photos
1 video
9 files
126 links
Download Telegram
On 30 December 2021, the Ministry of Finance issued a media release pertaining to two of the 2022 Budget Proposals:
- Foreign source income; and
- Stamp duty on contract notes for trading of listed shares.

Read on to find out more:
On 3 January 2022, the Royal Malaysian Customs Department issued the Guidelines and Frequently Asked Questions on the Voluntary Disclosure and Amnesty Programme, as part of the Budget 2022 pronouncements.

Read on to find out more:
In our latest issue of BTINSIGHT, our Audit & Assurance Partner, Andy Lee, shares an article on how materiality judgements impact the preparation of financial statements. Turn to page 10 of our December issue to read more:

If you are contemplating on participating in the Indirect Tax Voluntary Disclosure and Amnesty Programme, but are unsure on whether to participate or not, we have come up with a couple of scenarios that may assist you in your decision-making.

Read on to find out more:
This media is not supported in your browser
Wishing you a Happy and Prosperous Chinese New Year.

Gong Hei Fat Choy!
Webinar “Cambodia-Malaysia Business Forum 2022” on new Law on Investment of Cambodia

Date : 17 Feb 2022
850am to 1030am Cambodian Time (UTC +7)

The Royal Government of Cambodia (RGC) had promulgated a new Law on Investment (new LOI) on 15 Oct 2021, this represented a major revamp to the previous LOI that was enacted in 2007. The new LOI is a new law to promote investments into Cambodia with open, transparent and attractive investment incentives to all encouraged sectors namely High-Tech industries, innovative in industries with high added value, industries support production chains and agricultural, electrical, digital industries, small and medium enterprises (SMEs) etc and many more priority sectors, which provide inclusive policies and incentives to all large enterprises or SMEs that investing into Cambodia.

MBCC is honoured to obtain support from the Council for the Development of Cambodia (CDC) to organize a physical plus virtual (hybrid) seminar to introduce the vast range of benefits that the new LOI can facilitate potential investors for investments in Cambodia.

The Webinar will provide an insights of the key salient points of the new LOI and explain investment guarantee and incentives like income tax exemption up to 9 years, special depreciation deduction, VAT exemption and special deduction of 150% from tax base for R&D, Human Resource Development, upgrade of machine etc.

Please register your attendant by 15 Feb 2022 by click the following link:-

A zoom link will be sent by email to all registered participants one day before the event.
We are proud to present the latest edition of our Illustrative Directors' Report and Financial Statements, Flying Colours Berhad (6th Edition)!

This Illustrative Directors’ Report and Financial Statements aims to provide practical illustrations and guides on the presentation and disclosure requirements of MFRSs and the Companies Act 2016.

We hope that the Illustrative Directors' Report and Financial Statements will be able to assist you in having a deeper understanding of the various financial reporting requirements.

You can view the full document here:
We are pleased to share with you our collation of the Pathways to the APAC Capital Markets. This document provides high-level information on stock market listing requirements across key markets in the APAC.

Click on this link to view the document:
*Baker Tilly TaxSnaps* | Effective from 1 January 2022, withholding tax at the rate of 2% is applicable for payments made by a company to an agent, dealer or distributor.

The IRBM has recently issued an FAQ pertaining to the above.  

Read on to find out more:
While the topic is still in the midst of deliberation, with regards to local Law, have you given thought to the privacy and data protection implications that employers may need to consider?

Find out in our recent #GreatConversations post:

Baker Tilly Malaysia wishes all our Muslim friends a blessed and peaceful Ramadan.

Selamat berpuasa.
The IRBM had recently introduced their Tax Corporate Governance Framework (TCGF). Based on the milestones given, the TCGF is expected to be fully implemented in the year 2024, with a “Pilot Project” to commence in June 2022.

What is TCGF?

Read on to find out more:

NFTs, or Non-Fungible Tokens, are shifting from a buzzword to business model, but there are key considerations that have to be addressed by brands. Our Baker Tilly Digital’s Deepak Upadhyaya shares his take on this.

Read on here:

Wishing all our Muslim friends, Selamat Hari Raya Aidilfitri, maaf zahir dan batin!


Baker Tilly Malaysia wishes all our Buddhist colleagues and friends a Happy Wesak Day!


Baker Tilly Malaysia wishes all our Muslim colleagues and friends a Happy Eid Al Adha. May you be blessed with eternal joy and peace!