Latest News & Blogs

GSK & Associates

Apr 24, 20214 min read

Bad Debts Written Off - Tax Deductible?

Malaysian Income Tax Act, 1967 allows a deduction for bad debts / irrecoverable debts under Section 34 (2).

GSK & Associates

Jul 3, 20192 min read

ACCOUNTING RECORDS KEEPING - A MANDATORY REQUIREMENT IN MALAYSIA

Accounting records keeping, a mandatory requirement in Malaysia. It is required by Income Tax Act, 1967 and Companies Act, 2016.