Beyond Compliance, Grow Sustainably.
Beyond Compliance, Grow Sustainably.
Category Tax
PENJANA – Special Tax Incentive
The main objective of this particular tax incentive is to attract investors to relocate their businesses into Malaysia by addressing the risk of reshoring. 1. Type of Incentive a. For New Company 10 years of 0% special tax rate…
Tax Treatment on Irrecoverable Debts
During this time, as we all know many companies have been significantly affected by COVID-19 and may cause the inability to continue operations and cash flow problem which resulting in difficulties of recovering trade debts. However, is writing off irrecoverable…
Inland Revenue Board Of Malaysia’s Guideline on Tax Estimate 3rd Month Revision and Deferment
OPERATIONAL GUIDELINE NO. 2 YEAR 2020 Amendment of Tax Estimate (CP204) In The 3rd Installment Falling On The Calendar Year 2020 And Deferment for Payment of Tax Estimate (CP204 And CP500) Under The Economics Stimulus Package 2020. 1. Foreword 2.…
Real Property Gains Tax (RPGT) and Stamp Duty Exemption
Real Property Gains Tax (RPGT) Exemption From 1st June 2020 to 31st December 2021, the gains arising from disposing of residential property are now exempted for all Malaysian citizens. There are some exemptions allowed for RPGT with the following condition:…
FAQs related to 50% Penalty Remission on SST Late Payment, Exemption Sales Tax on Car Purchasing and Exemption Tourism & Service Tax on Accommodation Operator
On 30th June 2020, Royal Malaysian Customs Department (RMCD) has released the latest National Economic Recovery Plan (PENJANA) Frequently Asked Questions (FAQs) related to: 50% penalty remission on Sales and Service Tax (SST) late payment, Exemption Sales Tax on car…
SST Update – Service Tax Policy No 9/2020 (Amendment No.1)
On 17th June 2020, Royal Malaysian Customs Department (RMCD) has published the latest update on Service Tax Policy 9/2020 – Service Tax Treatment on Group A: Accommodation, under First Schedule Service Tax Regulations 2018: 1. Service tax (SST) Service…
FAQs related to GST Refund
On 16th June 2020, Royal Malaysian Customs Department (RMCD) has announced the Frequently Asked Questions (FAQs) related to GST refund as below: 1. Where can I check the GST refund status? You may check via: Taxpayer Access Point (TAP)…
RM35 Bilion Pelan Jana Semula Ekonomi Negara/ PENJANA Versi Bahasa Melayu
PENJANA akan memberi tumpuan kepada tiga matlamat utama iaitu: memperkasakan rakyat, melonjakkan perniagaan dan merangsangkan ekonomi
Key Highlights related to PENJANA/ National Economic Recovery Plan
The Government unveils PENJANA (Pelan Jana Semula Ekonomi Negara) or the National Economic Recovery Plan. PENJANA will focus on 3 key thrusts – Empower People, Propel Businesses and Stimulate the Economy. Key highlights for PENJANA: For business: Wages Subsidy Programme…
