a. SST - Service tax charged on taxable services and single stage sales tax levied on imported and locally manufactured goods once sold or disposed of by the manufacturer.
b. HRDF - Mandatory levy payment imposed on employers from all industries to enable employee training and skills upgrading of the Malaysian workforce.
c. Withholding tax - An amount that is withheld by the payer on income earned by a non - Malaysian resident payee and paid to LHDN.
d. Transfer Pricing - Pricing transactions internally within businesses and between subsidiaries that operate under common control or ownership.
e. If any changes on Director's or Company's Email Address, Residential, Business Address or Passport Number kindly notify us ASAP in order for us to update in the Registrar.
f. Beneficial Owner - Beneficial Owner is an individual or natural person who ultimately owns or control and entity.
g. AML/ CFT -
Bank Negara Malaysia (BNM) is the competent authority under the
Anti-Money Laundering, Anti-Terrorism Financing and Proceeds
of Unlawful Activities Act 2001 (AMLA).
Among others, BNM:
-Leads national efforts in AML/CFT
-Formulates effective AML/CFT regime/policies
-Receives and analyses Suspicious Transaction Reports (STRs)
FOR ANY CHANGES OF TASKS, BOTH PARTIES WILL NEED TO BE UPDATED ASAP.
