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Sarah
Nov 8, 20225 min read
GST Consumers and Supplies
In our consumption-crazed era, consumers are king in determining the success or failure of businesses, and governments worldwide use this...
40
Sarah
Nov 4, 20222 min read
Tax Update Deferment of Payment for Small-Value Withholding Tax (WHT)
The Chartered Tax Institute of Malaysia (CITM) proposal to make submitting withholding tax (WHT) forms and paying WHT of Small Value for...
550
Sarah
Nov 4, 20225 min read
GST Comparison to SST in Malaysia
The heart of an economy comes from consumption, it is the force that moves money from one person to another, so of course the government...
370
Sarah
Nov 3, 20222 min read
Tax Update: Global Minimum Tax (15%)
Malaysia has consented to take part in enacting the 15% Global minimum corporate tax beginning in 2023. Large multinational enterprises...
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Sarah
Nov 2, 20223 min read
GST 2015 Administration
Consumption defines the economy nowadays, it’s the common metric for company success, personal wealth status, and government statistics....
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Sarah
Oct 28, 20222 min read
Tax Update: Personal Tax Clearance
What is a Tax Clearance? Tax clearance is essentially, a letter of certification from Malaysia Inland Revenue Board (LDHN) stating...
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Sarah
Oct 26, 20222 min read
BUDGET 2023: Incentives into B40, and M40 categories
The impact of the covid-19 epidemic on household income has had a negative impact on the composition of household groupings, resulting...
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Sarah
Oct 21, 20223 min read
Tax Updates: Foreign Source Income and WHT
Budget 2022, tabled on 29th Oct 2021, proposed multifarious measures. On 9th Nov 2021, the Finance Bill 2021 was made available to the...
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Sarah
Oct 20, 20223 min read
GST in Malaysia
The heart of an economy comes from consumption, it is the force that moves money from one person to another, so of course the government...
360
Sarah
Oct 19, 20222 min read
Tax Update: Share Holding in a Company
Background Effective year of assessment 2019, unabsorbed adjusted business losses can carry forward for a period of 7 years consecutive...
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Sarah
Oct 14, 20223 min read
Tax Update: BUDGET 2023 Tax Snapshots
With a focus on changes to strengthen resilience and weather uncertainties in the face of an increasing difficult global economic and...
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Sarah
Oct 12, 20222 min read
Tax Updates: Implementation of e-TT system for Withholding Tax (WHT)
Inland Revenue Board of Malaysia (IRBM) has issued a media release announcing the introduction of a new electronic tax payment system on...
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Sarah
Oct 7, 20223 min read
Tax Update: Deductions for Secretarial Fees and Tax Filing Fees
The Inland Revenue Board of Malaysia (IRBM) has issued a new technical guidelines date 17th August 2022 on the deduction of expenses...
290
Sarah
Oct 5, 20223 min read
Tax Update: Stamp Duty in Malaysia
The First Schedule of the Stamp Duty Act of 1949 describes the range of written documents on which stamp duty is imposed in Malaysia....
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Sarah
Sep 29, 20222 min read
JaminKerja Program – Employment Incentives
Employers who take on new hires from vulnerable groups such as apprentices, recent graduate, and apprentices are eligible to apply for...
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Sarah
Sep 23, 20223 min read
Tax Update: Tax Audit Framework
What is a Tax Audit? Tax Audit is an investigation into the books of business and financial affairs of a taxpayer to see whether the...
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Sarah
Sep 21, 20222 min read
Tax Update: Cost of R&R of Business Premises
A tax deduction of up to RM 300,000 was suggested as part of the First Economic Stimulus Package, which was unveiled on 27th February...
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Sarah
Sep 21, 20222 min read
Tax Update: New Public ruling No.01/2022 (Time Limit for Unabsorbed Losses)
The Inland Revenue Board of Malaysia (IRBM) announced Public Ruling No.1/2022 regarding the time limit for carrying forward unabsorbed...
1180
Sarah
Sep 20, 20222 min read
Tax Update: Income Tax (Restriction on Deductibility of Interest) (Amendment)
The Income Tax (Restriction on Deductibility of Interest) Rules 2019 (“Principal Rule”) have been amended by the Income Tax (Restriction...
160
Sarah
Feb 24, 20222 min read
Tax revision on the 11th month!
In 2022, Inland Revenue Board (IRB) Malaysia has implemented something new in the recent budget. Do you know that you can now do your tax...
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