HCres Accounting, Taxation & Transfer Pricing

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HCres Accounting, Taxation & Transfer Pricing HernanCres caters its professional services to those looking for professional hospitality and building a relationship with our accountants.

We look to solve your accounting, tax, transfer pricing, and company secretarial issues. HernanCres provides professional services to clients looking to operate locally and in the International front for all companies looking to expand or otherwise strengthen their trade, finance in Malaysia. 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. The strength of our service provision is derived from the depth of knowledge and practical skills of the individuals in the team. 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.

Is your business fully prepared for Budget 2026 directives, E-Invoicing enforcement, and IRBM field audits? With IRBM's ...
20/09/2026

Is your business fully prepared for Budget 2026 directives, E-Invoicing enforcement, and IRBM field audits?

With IRBM's automated tracking systems, SMEs with related-party transactions, invoicing discrepancies, or reporting red flags face direct audit reviews.

Join us on 27th October 2026 at Berjaya Times Square Hotel for the SME Tax Talk Series 2026 featuring operational policy leaders from IRBM.

💼 HRD Corp SBL-Khas Eligible (RM0 Upfront Cash Outlay):
For HRD Corp levy-contributing employers, ticket fees are fully covered under your company’s levy account with zero upfront cash required. Our secretariat will assist with e-TRiS grant application workflows.

Key Learning Outcomes:
• Resolving E-Invoicing ex*****on gaps
• Navigating Transfer Pricing guidelines for SMEs
• Managing IRBM desk and field audit inspections

🎟️ Secure your corporate seats now: https://forms.gle/NYNuBfNq1Rj9fuey5

📊 Building Businesses That Last: Governance, Leadership & Long-Term Capital ReadinessWhat separates short-term commercia...
18/09/2026

📊 Building Businesses That Last: Governance, Leadership & Long-Term Capital Readiness

What separates short-term commercial success from an enterprise built for generations?

Hernancres Group of Companies was proud to participate in the Building Businesses That Last Conference 2026, bringing together business owners, founders, and corporate leaders to address the structural imperatives of long-term business resilience.

The conference featured high-impact knowledge sessions:
1. Business Legacy, Family Trust & Succession Planning: Mr. Million Lo (Founder, MU Advisory & MySuccession App) shared frameworks on wealth
preservation, family trusts, and safeguarding enterprise continuity.
2. Preparing Businesses for Sustainable Growth & IPO Readiness: Mr. Ching Chee Pun (Founder & Group Director, Finsource Group) outlined strategic steps
for SMEs to enhance enterprise valuation, elevate governance standards, and prepare for capital raising, M&A, or IPOs.
3. Executive Leadership Dialogue: Moderated by our Founder & Managing Director, Mr. Desmond Anil, the panel brought together distinguished industry
leaders including Prof. Dr. Rony Ambrose Gobilee (former Deputy Chief Executive II of HRD Corp) and Mr. Edward Ooi (Chief Investment Advisory Officer of
VKA Wealth Planners and former CEO of Manulife Asset ManagementMalaysia).

Core Themes Addressed in the Leadership Panel:
• CorporateGovernance & Risk Frameworks
• Cybersecurity Preparedness & Business Continuity Planning
• Enterprise Wealth & Risk Management

Thank you to co-organizers VKA Wealth Planners and SME Association of Malaysia, as well as all speakers and delegates.

Hernancres remains dedicated to
equipping local enterprises with the regulatory clarity and governance structures needed to scale sustainably.

📨Self-Billed E-Invoicing: Scrutiny Expands on Foreign Supplier & Commission PaymentsA common compliance gap for business...
17/09/2026

📨Self-Billed E-Invoicing: Scrutiny Expands on Foreign Supplier & Commission Payments

A common compliance gap for businesses involves foreign vendor transactions and agent payouts: under LHDN's e-invoicing framework, the buyer, not the overseas vendor, is legally required to issue a Self-Billed E-Invoice.

This rule covers cross-border service imports, foreign software subscriptions, local agent commissions, and profit/dividend distributions. Failing to generate validated self-billed e-invoices risks the disallowance of corporate tax deductions on those business expenses.

A critical risk area for procurement and accounts payable teams. Reviewing your self-billing workflows ensures your tax deductions remain protected.

🇲🇾Building a Stronger Economic Nation: Happy Malaysia Day 2026As we celebrate Malaysia Day, HernancresGroup of Companies...
15/09/2026

🇲🇾Building a Stronger Economic Nation: Happy Malaysia Day 2026

As we celebrate Malaysia Day, HernancresGroup of Companies honors the vibrant spirit, rich heritage, and collective strength of our people.

From local SMEs driving innovation to large enterprises expanding across borders, every business plays a crucial role in advancing Malaysia’s economic standing on the global stage.

We remain committed to supporting Malaysian businesses with regulatory clarity, strong corporate governance, and sustainable growth strategies as we build a more prosperous nation together.

SelamatHari Malaysia! 🌺

📌Holiday Operations Notice
Our office will be closed on Wednesday, 16 September 2026.
Normal operations will resume on Thursday, 17 September 2026.

📁Pre-Filing Sequential Exemption Rules for Domestic Transfer PricingA common misconception among business groups is that...
15/09/2026

📁Pre-Filing Sequential Exemption Rules for Domestic Transfer Pricing

A common misconception among business groups is that domestic related-party transactions are completely exempt from Transfer Pricing Documentation (TPD) requirements.

Under IRBM's updated domestic sequential exemption tests, local related-party transactions are only exempt from preparing full TPD if both entities face the exact same headline tax rate, neither entity enjoys tax incentives, and neither party has suffered tax losses for the two consecutive years immediately preceding the tested year. Even when exempt, businesses must still demonstrate that intercompany pricing reflects arm's length commercial realities.

Domestic scrutiny is increasing sharply. Evaluating your intercompany pricing structure before annual return filings is essential to avoiding unexpected surcharges.

📇Stamp Duty Self-Assessment & MyTax MigrationIf your business handles employment contracts, tenancy agreements, or corpo...
14/09/2026

📇Stamp Duty Self-Assessment & MyTax Migration

If your business handles employment contracts, tenancy agreements, or corporate financing, here’s an operational update: the legacy STAMPS platform has been officially discontinued, replaced entirely by the MyTax e-Stamp Duty module under IRBM's Phase 1 Stamp Duty Self-Assessment framework.

This transition shifts full accountability onto taxpayers and businesses to correctly classify agreements, calculate applicable duties, and process electronic stamping without relying on manual tax counter verifications. Incorrect classifications or delayed stamping now carry direct risk during corporate audits.

A significant administrative shift. Worth auditing your internal legal and HR contract ex*****on workflows to ensure ongoing compliance.

🌐 Accelerating SME Digitalization: Courtesy Visit to GD XCHANGE Experience CentreHernancres Group of Companies was pleas...
12/09/2026

🌐 Accelerating SME Digitalization: Courtesy Visit to GD XCHANGE Experience Centre

Hernancres Group of Companies was pleased to join the SME Association of Malaysia during a strategic courtesy visit to the GD XCHANGE Experience Centre in Petaling Jaya on 3rd September 2026.

Led by SME Malaysia National President, Dr. Chin Chee Seong, and members of the National Council including our Founder & Managing Director, Mr. Desmond Anil. The delegation was accompanied by our key team representatives, Ms. Shireen Tan and Ms. Vinothini.

The visit offered valuable exposure to GD XCHANGE’s digital transformation ecosystem, demonstrating how technology integration, smart supply chain solutions, and automated compliance tools can help Malaysian SMEs scale efficiently.

Key Takeaways from the Engagement:
• Ecosystem-Driven Technology: Exploring hands-on digital tools tailored for operational efficiency and cross-border trade.
• Practical Digitalization: Streamlining tech adoption so local enterprises can transition without undue operational complexity.
• Synergistic Growth: Strengthening public-private and industry collaborations to empower the local business community.

We express our sincere appreciation to SME Association of Malaysia for the invitation and to the GD XCHANGE team for their warm hospitality and insightful engagement.

Hernancres remains committed to supporting digital readiness and enterprise enablement across the SME landscape.

🏛️ Bridging Policy & Enterprise Ex*****on: Sesi Libat Urus Belanjawan 2027Hernancres was honored to participate in the o...
11/09/2026

🏛️ Bridging Policy & Enterprise Ex*****on: Sesi Libat Urus Belanjawan 2027

Hernancres was honored to participate in the official Sesi Libat Urus Belanjawan 2027, alongside Chambers & Business Associations Related to Entrepreneur Development & MSMEs held on 27th August 2026 at Heritage Valley, Kuala Lumpur.

Organized by the Ministry of Entrepreneur Development and Cooperatives (KUSKOP) in collaboration with SME Corp. Malaysia, the engagement was officiated by YB Tuan Steven Sim Chee Keong, Minister of Entrepreneur Development and Cooperatives.

Representing the SME Association of Malaysia as a National Council member, our Founder & Managing Director, Mr. Desmond Anil, engaged directly with policymakers to advocate for pragmatic MSME economic policies.

Key Focus Areas Advocated:
- Access to Capital & Financing: Streamlining funding channels, expanding credit lines, and reducing liquidity bottlenecks for growing MSMEs.
- Regulatory & Operational Ease: Simplifying compliance pathways for small and medium enterprises amid national digital transformation frameworks.
- Capability Building & Productivity: Enhancing support systems for technology integration, capacity expansion, and market access.

A sincere thank you to Minister YB Steven Sim, KUSKOP, SME Corp. and SME Malaysia for opening direct channels of communication with industry representatives.

At Hernancres, we remain steadfast in aligning enterprise ex*****on with government policy to build a resilient, competitive Malaysian business ecosystem.

⚡Accelerated Capital Allowance (ACA)Upgrading your IT stack for compliance? Under the Accelerated Capital Allowance (ACA...
01/09/2026

⚡Accelerated Capital Allowance (ACA)

Upgrading your IT stack for compliance? Under the Accelerated Capital Allowance (ACA), taxpayers can now claim capital allowances for eligible ICT equipment and customized computer software purchases within just 1 year instead of the usual 2-year period (effective YA 2026 to YA 2027).

This directly benefits CFOs, IT directors, and business owners making mandatory software investments. You get to cut the tax depreciation cycle in half and recover your technology cash outlay much faster.

Direct cash-flow relief for digital upgrades. Talk to your tax team to ensure your software investments qualify for the 1-year ACA claim.

🇲🇾 Celebrating Malaysia’s 69th Independence Day!Hernancres wishes all Malaysians a proud and joyous 69th Hari Merdeka!As...
30/08/2026

🇲🇾 Celebrating Malaysia’s 69th Independence Day!

Hernancres wishes all Malaysians a proud and joyous 69th Hari Merdeka!

As our nation continues to progress, we remain steadfast in our commitment to driving enterprise resilience, innovation, and sustainable economic growth.

Holiday Operations Notice:
Our office will be closed on Monday, 31 August 2026. Normal operations will resume on Tuesday, 1 September 2026.

Selamat Hari Merdeka! 🇲🇾

Wishing you and your family a peaceful and blessed holiday!

Address

27-1, Metro Perdana Barat 2, Taman Usahawan
Kuala Lumpur
52100

Opening Hours

Monday 09:00 - 18:00
Tuesday 09:00 - 18:00
Wednesday 09:00 - 18:00
Thursday 09:00 - 18:00
Friday 09:00 - 18:00

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