Tax Matters – Clearing up the franchise fee confusion
14 Nov 2022, THERE are more than 1,100 franchises registered with the Ministry of Domestic Trade and Consumer Affairs. In 2022, the total sales value exceeded RM14 billion, and by 2025, it is expected to exceed RM26 billion. Significant franchise payments are made to both local and foreign franchisors. Franchise defined The Franchise Act 2012…
