KL & Co. PLT

In October 2025, the MASB issued a revised version of MPERS [herein referred to as “MPERS (2025)”] which aligns with the third edition of IFRS for SMEs Accounting Standard issued by the IASB in February 2025. An entity shall apply MPERS (2025) for annual periods beginning on or after 1 January 2027. Earlier application is permitted.

MPERS (2016) shall hereby be withdrawn for application for financial statements with annual reporting periods beginning on or after 1 January 2027.

MPERS (2025) can be downloaded from

MPERS (2025)-MASB MPERS (2025)-MASB

Our Petaling Jaya office is hiring for Audit Associate!

Audit Associate Job in Kota Damansara, Selangor - Jobstreet Join a fast-growing audit firm as an Audit Assistant/Associate. Exciting audit role with opportunities for professional development and career growth.

E-Invoice Seminar organised by LHDNM Pahang on 05.10.2024, from 8:30am to 1:00pm, at Dewan Indera Perdana, Menara Hasil, Kuantan.
Free registration, limited to 200 participants (maximum 2 representatives per company/organisation)

Firm activity for the month of August 2024 - Natural Batik Village

Our Melaka office is hiring now!
Audit positions available. Interested?
Please email CV to [email protected]

10 simple picture to guide you for Appointment of Employer Representative to fill in CP8D and Form E.
10张简便图教你如何委任雇主代表以填写CP8D以及Form E.

IRBM has released a media statement on 5 March 2024:

The latest Tax Corporate Governance Framework (TCGF) guidelines and Frequently Asked Questions (FAQ) and the Malay language version of the TCGF have been uploaded to IRBM official portal.

https://www.hasil.gov.my/media/34ymucit/guidelines_tax_corporate_governance_framework_2.pdf

IFRS 18 Presentation and Disclosure in Financial Statements will be replacing ISA 1 Presentation of Financial Statements

Publication date : Expected to be issued in April 2024
Effective date: 1 January 2017

MIA would like to invite members to a virtual engagement session which aims to share the key contents of SSM’s Consultative Document on Proposal of the New Audit Exemption Criteria for Private Companies in Malaysia.

WHAT IS FORM C.P 8A?

Form C.P 8A is form a form EA that use to summary of an employee's annual compensation and required contributions. Employees in the private sector will get the EA form each year as an earnings statement.

You need to create the Form EA by 28 February 2024. If you need further assistance. Please do PM us for further clarification.

Do you know in LHDN u will have two number if you are having a business? That is Income Tax number and Employer number. What is the function of Employer number? This number function as below : -

Make monthly tax deduction (MTD) from employee’s remuneration based on either the Schedule of MTD or the computerized calculation method and remit the amount of MTD to the IRBM on or before the 15th day of the subsequent month. Employer may only use the e-PCB, e-Data PCB or e-CP39 applications provided through the IRBM’s Official Portal for submission of the statement of MTD or employees’ MTD data.

Submit return form of employer (Form E) together with the C.P.8D on or before 31 March of the following year

Employer (company and Labuan company) is compulsory to submit Form E via e-Filing (e-E) with effect from remuneration for the year 2016.
Form E will only be considered complete if C.P.8D is submitted within the stipulated deadline. Employers who have submitted information via e-Data Praisi need not to complete and furnish C.P.8D.

Prepare and render to an employee a statement of remuneration (Form EA / EC) in respect of that employee on or before the last day of February of the following year.

Prepare and provide a copy of statement of monetary and non-monetary incentive payment to each agent, dealer or distributor (Form CP58) on or before 31 March of the following year.

Keep and retain records for 7 years and make it readily accessible to the IRBM if needed.

Besides the above we also can use E number to submit other form.
Stay tuned...