Business Reforms in Malaysia

Positive= Doing Business reform making it easier to do business. Negative= Doing Business reform making it more difficult to do business.

DB2013:

Positive Dealing with Construction Permits:

Malaysia made dealing with construction permits faster by improving the one-stop center for new buildings and by reducing the time to connect to telephone service.


Positive Registering Property:

Malaysia substantially reduced the number of days it takes to register property transfers.


DB2012:

Positive Starting a Business:

Malaysia made starting a business easier by merging company, tax, social security and employment fund registrations at the one-stop shop and providing same-day registration.


Negative Paying Taxes:

Malaysia made paying taxes costlier for firms by reintroducing the real estate capital gains tax—but also made tax compliance easier by improving electronic systems and the availability of software.


Positive Enforcing Contracts:

Malaysia continued to improve the computerization of its courts by introducing a system making it possible to file complaints electronically.


Positive Resolving Insolvency:

Malaysia established dedicated commercial courts to handle foreclosure proceedings.


DB2011:

Positive Starting a Business:

Malaysia eased business start-up by introducing more online services.


Positive Registering Property:

Malaysia’s introduction of online stamping reduced the time and cost to transfer property.


DB2010:

Positive Starting a Business:

Malaysia eased business start up with a new one stop shop service that helped in streamlining the registration process.


Positive Enforcing Contracts:

Increased staff and stricter deadlines have brought about a decrease in case filing time in Malaysia. In addition the commercial court is being reorganized to dispose of interlocutory matters more swiftly.


DB2009:

Positive Starting a Business:

Amendments to the companies act simplified business registration processes through the introduction of e-lodgment, resulting in time reduction.


Positive Paying Taxes:

Effective 2008, the corporate income tax rate has been reduced to 26% (previously tiered) and will be further reduced to 25% for year of assessment 2009. Also upcoming is the introduction of a single-tier tax system, which will exempt dividends from tax. Real property gains tax was abolished on April 1, 2007.


DB2008:

Positive Starting a Business:

Malaysia sped up the process of starting a business by implementing internal reforms at the CCM.


Positive Paying Taxes:

Malaysia made it easier to pay taxes by diffusing electronic facilities among taxpayers


Reform Summaries


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