BLOG

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: Code   Entity’s Code 01 – Local Companies 02 – Foreign Companies 03 – Business 04 – Local LLPs 05 – Foreign LLPs 06 – LLPs for Professional Practice 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: 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 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: Code   Entity’s Code 01 – Local Companies 02 – Foreign Companies 03 – Business 04 – Local LLPs 05 – Foreign LLPs 06 – LLPs for Professional Practice 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: 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 sales tax? Service tax are charged by registered manufacturers of taxable goods and on the importation of taxable goods into Malaysia. 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? 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

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. 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.