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年度申报表(Annual Return/AR)
December 22, 2022
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年度申报表 (Annual Return/ AR)
根据 2016 年公司法第 68 条文，所有在 Suruhanjaya Syarikat Malaysia （SSM） 注册成立的公司每年都必须提交年度申报表(AR)。
年度申报表概览
年度申报表 (AR) 是所有公司信息的摘要，例如业务活动、业务地址、注册办事处、公司董事会（董事和股东）、公司秘书和股东的详细信息及其持股详情。
年度申报表(AR)的目的
通过提交年度申报表 (AR) ，公司的利益相关者或投资者知道公司在提交年度的周年纪念日或注册日期正式营业。 所提供的信息通常会帮助公司的利益相关者形成对公司状况和条件的总体了解。
提交年度申报表 (AR)
指定的持牌公司秘书或公司代理人负责通过 MBRS 平台向注册服务商提交年度文件。 此外，公司必须在其在马来西亚注册或注册成立周年之日起 30 天内提交每个日历年的年度申报表 (AR)。
违反规定的罚款
每个公司董事会将被处以不超过 RM 50,000 的罚款。 如果是持续犯罪的情况下，则在定罪后持续犯罪的每一天，罚款不超过 RM 1,000.00。
根据 2016 年公司法第 549 条，连续三年或以上未提交年度申报表 (AR)，SSM有权注销公司注册。
年度申报表 (AR) 提醒日期
在 BP Strategy Secretary Sdn. Bhd.，我们会在年度申报表 (AR) 到期日自动提醒我们的客户。 我们作为公司秘书的职责是确保我们的客户有足够的时间审查并按时提交公司的年度申报表 (AR) 。
Annual Return (AR)
December 16, 2022
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ANNUAL RETURN (AR)
Under Section 68 of the Companies Act 2016, all incorporation of companies under Suruhanjaya Syarikat Malaysia are compulsory to lodge annual return.
OVERVIEW OF ANNUAL RETURN
Annual Return (AR) is a summary of all company’s information such as business activities, business address, registered office, particulars of Board of Company (Director(s) and Shareholder(s), company secretary(ies) and shareholders with its shareholding details in the company.
OBJECTIVE OF ANNUAL RETURN
By submitting Annual Return (AR), the stakeholders or investor of the Company aware that the company is doing operation at the anniversary or registered date for the year submitted. The information provided will usually assist the company’s stakeholders to form a general understanding about the company status and condition.
SUBMISSION OF ANNUAL RETURN
Appointed licensed Company Secretary or Company’s Agent are responsible to lodge the annual documents to the Registrar through MBRS platform. In addition, Companies must submit Annual Return (AR) for each calendar year due within 30 days from the anniversary of its registration or incorporation date in Malaysia.
FINE FOR NON-COMPLIANCE
Each Board of Company will be liable to a fine not exceeding RM 50,000. In the case of a continuing offence, a further fine not exceeding RM 1,000.00 for each day during which the offence continues after conviction.
Under Section 549 of the Companies Act 2016, failure to lodge Annual Return (AR) for three or more consecutive years, the Registrar have authority to strike off the company registration.
REMINDER FOR ANNUAL RETURN (AR) DATE
In BP Strategy Secretarial Sdn. Bhd., we will automatically remind our client on Annual Return (AR) due date. Our duty as Company Secretary to ensure that our client can have enough time to review and submit on time for company’s Annual Return (AR).
Sales & Service Tax (SST)
December 9, 2022
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Sales & Service Tax (SST)
What is sales tax?
Service tax are charged by registered manufacturers of taxable goods and on the importation of taxable goods into Malaysia.
General rate: goods are subject to sales tax at a rate of 10%
Specific rate: some goods are taxed at the reduced rate of 5%
What is service tax?
The rate for service tax is 6% for all taxable services. Services that are imported or exported are exempted from service tax.
Which businesses must apply for sales & service tax registration in Malaysia?
SALES TAX
Taxable goods manufacturers are required / liable to be registered when SALES VALUE OF TAXABLE GOODS has exceeded RM500,000 for 12 months period.
Manufacturers who carry out sub-contract work on taxable goods where the VALUE of work performed exceeds RM500,000 for 12 months period.
Exempted Goods from Sales Tax
Books, magazines, newspapers, and journals
Cereals
Coffee and tea
Fertilizers
Goods manufactured for export
Insecticides and disinfectants
Live animals, fish and seafood, and eggs
Meat and edible meat offal
Pharmaceutical products
Spices
Wood pulp and waste of paper
SERVICE TAX
List of Type of Taxable Services and Threshold
Any person with total amount of taxable services provided in 12 months exceed threshold below is liable to register.
Taxable Service
Threshold
Group A: Accommodation
RM500,000.00
Group B: Food & Beverages
RM1,500,000.00
Group C: Night Club, Dance Halls, Health Centres, Massage Parlours, Public Houses, Beer House
RM500,000.00
Group D: Private Clubs
RM500,000.00
Group E: Gold Club & Golf Driving Range
RM500,000.00
Group F: Betting & Gaming
RM500,000.00
Group G: Professionals
RM500,000.00
Group H: Credit Card/ Charge Card
RM500,000.00
Group I: Other Service Providers
RM500,000.00
WHAT IS COMPANY REGISTRATION NUMBER?
December 2, 2022
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WHAT IS COMPANY REGISTRATION NUMBER?
Company Registration is a set of unique number that acts as an identification for a company. Company registration number is provided by the Company Commission of Malaysia widely known as Suruhanjaya Syarikat Malaysia (SSM) upon a successful incorporation of a company.
FORMAT OF NEW COMPANY’S REGISTRATION NUMBER
In October 2019, a new format of company registration number was introduced by SSM. A new set of number containing company information is added in front of the old format. This approach was introduced to standardize registration number for company, business and Limited Liability Partnership incorporated in Malaysia.
202201123456
–
123456-A
(New format)
(Old format )
The current format contains 12 digits with each sequence signify certain company information such year of incorporation, type of entities and the last 6 digits refers to the registration number sequence. The sequence follow certain format as explained below:
First four digits represent the year the company incorporated.
The next two digits represent type of business entity using these codes,
Code
Entity’s Code
01
–
Local Companies
02
–
Foreign Companies
03
–
Business
04
–
Local LLPs
05
–
Foreign LLPs
06
–
LLPs for Professional Practice
The last six digits represent the sequence of the business entity.
2022
01
123456
Year of incorporation
Entity’s Code
Sequence number
PURPOSES OF COMPANY’S REGISTRATION NUMBER
The main purpose of the company registration number is to identify business incorporated in Malaysia. In addition to that, it is also important when it comes to formal affairs such as filling for application and other administration affairs. Instance when company registration number are needed:
Opening company bank account in Malaysia
Registering for licenses and permits
Register company profile with government agencies such as Employee Provident Fund (EPF)
Apart from that, business registration acts as a legal proof of the company incorporation. This is because only those registered with SSM will be provided with the registration number and the number only unique to that particular entity only. There will be no other duplicates and this set of number cannot be forged as everything is recorded in database and everyone have access to that information.
Having company registration number also boosts and reinforces business reputation because customer or client can discern between legal entities and illegal entities to avoid from being a victim to a fraud or scam.
WHERE TO CHECK COMPANY REGISTRATION NUMBER?
Incorporated After October 2019 – Can be found on the Superform (Section 14), Notice of Registration (Section 15) and Certificate of Incorporation (Section 17).
Incorporated Prior to October 2019 – Can be check on SSM’s portal through e-search, e-info and MyData.
HOW TO OBTAIN THE BUSINESS REGISTRATION NUMBER?
To obtain business registration number, the company or entity need to be registered with the SSM. Upon incorporation, directors will receive the company number.
We at BP-AST can help you with the registration. For more details and assistance, you can contact our company secretary department.
WHAT IS DEPRECIATION?
November 17, 2022
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The definition of an Accumulated Depreciation is the total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use. The intent behind doing so is to approximately match the revenue or other benefits generated by the asset to its cost over its useful life.
There are 5 types of depreciation:
Straight line it reports an equal depreciation expense each year throughout the entire useful life of the asset until the entire asset is depreciated to its salvage value.
Declining balance is a method where assets are depreciated at a higher rate in the initial years than in the subsequent years. Under this method, a constant depreciation rate is applied to an asset’s (declining) book value each year.
Double-declining balance this method is an approach to accounting that involves depreciating certain assets at twice the rate outlined under straight-line depreciation. This results in depreciation being the highest in the first year of ownership and declining over time.
Sum of the Years’ Digits, under the SYD method, the depreciation rate percentage for each year is calculated as the number of years in remaining asset life for the same year divided by the sum of remaining asset life every year through the asset’s life.
Units of Production is method that requires an estimate of the total units an asset will produce over its useful life. Depreciation expense is then calculated per year based on the number of units produced.
Other than that, Accumulated Depreciation also known as the total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use. The accumulated depreciation appears on the balance sheet as a reduction from the gross amount of fixed assets reported. It might be list in several accumulated depreciation accounts, one for each fixed asset type.