Business entities registered in Malaysia will now have a new registration number format when they register with the Companies Commission of Malaysia (SSM). Beginning January 2019, these new registration numbers for business will contain 12 digit characters which are designed to help facilitate data management.
This new format adopted by SSM is similar to the ongoing practice in Singapore carried out by the Accounting and Corporate Regulatory Authority (ACRA). In the new format, the first 4-digits represent the year of incorporation, which makes it easier for local tax authorities to determine if the business entity is still qualified for the first 3-year tax exemption.
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