What is “Passing off”? It is common sense that “a man is not to sell his own goods under the pretence that they are the goods of another man.” This is the underlying principle of the tort of passing off,…
Month: March 2018
[Member] The Huge Wave Of Change That Transformed Malaysia’s Company Act
The Companies Act 2016 received Royal Assent on 31.8.2016 come into effect on 31 January 2017.With the introduction of this New Companies Act, shareholders have now been given a vital role in managing the company’s business despite company having its own…
Tax Rate, Relief & Exemption For Rental Income In Malaysia
Step 1: Identify the sources of taxable income First of all, it is important to understand the sources of taxable income in Malaysia, including income earned from a business, employment earnings and rental income, amongst all other things. For example,…
Stamp Duty Formula For Tenancy Agreement In Malaysia
Step 1: Calculate your total of annual rental (e.g.: RM2,200 per month x 12 months = RM26,400) Step 2: Calculate your taxable rental The first RM2,400 of your annual rental is exempted for stamp duty. So, you will minus…
[Member] How to Recover Debt When Someone Owes Me Money?
Debt recovery is a process of seeking payment from individuals/businesses when the amount payable is due but remains unpaid. Option 1: Court Action Step 1: Issue a letter to demand to your debtor to serve as a reasonable notice…
New Cryptocurrency Regulation Comes Into Effect in Malaysia
Commencing from 27th February 2018, the new Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) policy guidelines for cryptocurrencies came into effect. The policy’s objective is to “ensure that effective measures are in place against money laundering and terrorism financing…
Joint Tenancy & Tenancy in Common, General Principles
Joint Tenancy vs Tenancy in Common: What are the differences? Co-ownership Where property is purchased under the joint names of two or more people, a ‘trust of land’ arises. Where there is a trust of land, the legal estate…
Case Update: Sales Tax Refund
Have your sales tax refund application been rejected by the Customs on the basis that the price of goods did not decrease or increase after the implementation of GST? Good news: The High Court had recently confirmed that the GST…
What is Testamentary Trust?
Testamentary Trust Defined: Testamentary trust a discretionary trust established under a Will. It does not come into effect until after the person (ie: the testator) die. Usually a person makes a Testamentary Trust when the beneficiary is still a…
How To Set Up A Partnership In Malaysia?
What constitutes a Partnership? Partnership is a business owned and run by two or more persons, but not exceeding 20 persons. In Malaysia, all economic partnerships are governed by the Partnership Act 1961. How to start a Partnership? Registration must…
[Premium Member] Case Update: Conversion out of Islam MUST be decided by Syariah Court only
“APOSTASY” means the formal abandonment or renunciation of a religion by a person, for example, to convert from Islam to Christian. In strict religious sense (hudud law), the punishment for apostasy is death, but luckily this is not enforced in…
Joint Tenancy vs Tenancy in Common: What Are The Differences?
Co-ownership Where property is purchased under the joint names of two or more people, a ‘trust of land’ arises. Where there is a trust of land, the legal estate and equitable estate of the property are separate. This simple means,…