Malaysia's e-invoicing starts 1 August 2024 for businesses with annual turnovers over MYR 100 million. All businesses must comply by 1 July 2025. Prepare now to ensure compliance and streamline your financial processes.
Effective from Jan 1,2021, taxpayers that fail to submit the contemporaneous TP documentation within 14 days upon request by the IRB can be fined between RM20,000 and RM100,000 and/or to imprisonment for a term not exceeding six months.
HernanCres provides a number of services in consultancy, tax and advisory. Whether you require an ongoing solution or temporary project-based support you can expect excellent service from our team which draws on both international experience and local expertise.
Our success is driven by consistently fulfilling our clients' expectations by way of customizing to clients needs and achieving results. No matter which of our services you use, you can be assured of insightful, communicative and flexible business advisers.
Malaysia's e-invoicing starts 1 August 2024 for businesses with annual turnovers over MYR 100 million. All businesses must comply by 1 July 2025. Prepare now to ensure compliance and streamline your financial processes.
Effective from Jan 1,2021, taxpayers that fail to submit the contemporaneous TP documentation within 14 days upon request by the IRB can be fined between RM20,000 and RM100,000 and/or to imprisonment for a term not exceeding six months.
HernanCres provides a number of services in consultancy, tax and advisory. Whether you require an ongoing solution or temporary project-based support you can expect excellent service from our team which draws on both international experience and local expertise.
Our success is driven by consistently fulfilling our clients' expectations by way of customizing to clients needs and achieving results. No matter which of our services you use, you can be assured of insightful, communicative and flexible business advisers.
HernanCres provides professional services to clients looking to operate locally and on the International front for all companies looking to expand or otherwise strengthen their trade, finance, logistic functions and operations in Malaysia or in India vice versa.
We provide timely and insightful solutions to the challenges you face in the Malaysian and Indian marketplace and as we are all based in Kuala Lumpur and Mumbai, these solutions can also be mobilised at specified and negotiated notice.
We help our clients achieve their goals by providing quality and flexible service that is based on an in-depth understanding and research of the local and international environment.
TP advisory, consultation, structural and document reviews
E-Invoicing Malaysia
Embrace the latest LHDN e-invoicing guidelines with our efficient, compliant solutions tailored to streamline your invoicing.
Business Consultancy
Identify and analyse opportunities in the local and international market with the intention of expanding into new industrial sectors, via joint ventures and partnering with international organizations.
SST, GST & VAT
Our SST & GST specialist will help your organisation with SST & GST Solutions tailored to your business needs.
Digitalisation and Automation
We streamline your business by optimizing data management and processes through advanced IT solutions, enhancing overall efficiency.
Labuan Incorporations
Our team expertly manages Labuan company setups, providing complete services from formation to corporate management and banking solutions.
Transfer pricing is an intercompany pricing arrangement for the transfer of goods, services and intangibles between associated persons. Transfer pricing is an area which is drawing increasing scrutiny from the tax authorities in Malaysia.
Upon request, IRB requires company to submit transfer pricing documentation within 14 days. Failure to do so may lead to penalty of RM20,000 to RM100,000, and/or imprisonment of up to 6 months.
Should you need assistance with transfer pricing documentation, we are here to help.
In the ever-evolving landscape of business transactions, the Malaysian government has taken a significant stride towards modernisation by introducing e-invoicing. Under the auspices of the LHDN, this new regulatory framework promises to revolutionise how businesses conduct financial transactions, ushering in an era of efficiency, transparency, and compliance. This article delves into the intricacies of LHDN’s...
On May 29, 2023, Malaysia’s Minister of Finance (MOF) gazetted the “Income Tax (Transfer Pricing) Rules 2023” (P.U.(A) 165/2023), i.e “new transfer pricing rules”. The new transfer pricing rules now replace the previous “Income Tax (Transfer Pricing) Rules 2012” (P.U.(A) 132/2012). The 2023 revision presents significant modifications to the transfer pricing framework, notably in the...
Focus on What’s ImportantLet’s talk about improving your tax submissions
Are you worried about a possible audit from the IRB or a collective action being taken against you? Don’t wait until it’s too late. The experts at HernanCres are here to assist you with all of your tax needs. Taxes can be stressful and confusing, but our consultants can make it easy.
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HERNANCRESAbout Us
HernanCres provides a number of services in consultancy, tax and advisory. Whether you require an on-going solution or temporary project-based support you can expect excellent service from our team which draws on both international experience and local expertise.
HernanCres provides a number of services in consultancy, tax and advisory. Whether you require an on-going solution or temporary project-based support you can expect excellent service from our team which draws on both international experience and local expertise.