STRATA TITLES (AMENDMENT) ACT 2001 The Strata Titles (Amendment) Act 2001 (Act A1107) (‘the amendment Act’) is introduced to amend the Strata Titles Act 1985 (‘the principal Act’). The amendment Act is largely designed to improve the mechanism of…
Year: 2018
Introduction to Limited Liability Partnership
LLP: An alternative business structure to partnership or company Prior to the Limited Liability Partnership (LLP) Act 2012, entrepreneurs can either become sole traders, or form a partnership or set up a company. The LLP Act 2012 introduces an…
An Introduction To Intellectual Property
Upon mentioning ‘intellectual property’ (IP), many of you can relate it to terms such as trademark, patent and copyright. This article explains the difference in these terms to help you better understand and secure your IP rights. TRADEMARK What is…
[Member] Credit Transfer in Malaysia
Moving Towards Interoperable Credit Transfer in Malaysia Credit transfer means a payment service which allows a payer to instruct the institution with which the payer’s account is held to transfer funds to a beneficiary. For example, it is common that…
Tax Exemption on Rental Income
TAX EXEMPTION ON RENTAL INCOME FROM RESIDENTIAL HOMES RECEIVED BY MALAYSIAN RESIDENT INDIVIDUALS Current position Pursuant to section 4(d) of the Income Tax Act 1967, Malaysian individuals who lease out their residential homes must pay a progressive income tax ranging…
[Member] New (Proposed) Regulations For Cryptocurrencies In Malaysia
On 14th Dec 2017, Bank Negara Malaysia (“BNM”) has issued for public consultation an exposure draft on the invocation of reporting obligations on cryptocurrency exchange business as “reporting institutions” under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities…