TaxSavvyMY

Deadline to register a new business

I started selling cakes from home two months ago. Am I late registering?

The situation

A business must be registered with SSM before or within 30 days of starting. After that, trading unregistered is an offence.

The law

  • Sec 5, Registration of Businesses Act 1956: Business must be registered with SSM before or within 30 days of starting

What it means for you

Register now on ezBiz to stop the breach growing. SSM can compound late registration. Keep your sales records from the start, because the income still goes into your Form B for the year.

What to do

  1. Create an ezBiz account and verify it.
  2. Apply for registration with your start date.
  3. Pay the fee and download the certificate.
  4. Start a simple sales and expense record.

We can do this for youRegister a sole proprietorship or partnership with SSM: MYR 250

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