Month: July 2024
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The Importance of Good Corporate Governance for New Businesses
Corporate governance is the system by which companies are directed and controlled. It encompasses the practices, policies, and processes that guide a company’s operations and ensure accountability, fairness, and transparency in its relationships with stakeholders. For new businesses, establishing robust corporate governance is crucial for several reasons. 1. Building Trust and Reputation New businesses often…
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E-Invoicing Not Required for Micro SMEs Earning Below RM150,000 Annually, Says Amir Hamzah
KUALA LUMPUR: MSMEs earning under RM150,000 annually are exempt from issuing e-invoices, according to Finance Minister II Datuk Seri Amir Hamzah Azizan. “Currently, traders with annual sales below RM150,000 do not have to issue e-invoices. Nonetheless, the government encourages small traders to participate in the e-invoicing initiative to promote business digitalization,” Amir Hamzah stated during…