Category Taxation

Tax updates, advisory insights, compliance matters, and tax-related articles by Cheng & Co Group.

GST UPDATE POST ELECTION 6% - 0%

Malaysia Post Election Income Tax and GST Updates

Malaysia Post Election Income Tax and GST Updates CCT Internal e-Tax Update  Income Tax and GST Legislations, and Public Rulings Update – 13 May 2018 Table of Contents Income Tax and GST Legislations, Public Rulings And Guides Update. 3 Direct…

Singapore 2018 Budget: GST to be levied on imported services

SG 2018 budget: GST to be levied on imported services

SG 2018 budget: GST to be levied on imported services Singapore 2018 Budget : GST to be levied on imported services from 1 January 2020 – Will Malaysia follow suit? In the recent announcement of the Singapore 2018 Budget, from…

Local VS Foreign income

Local Income Versus Foreign Income

Local Income Versus Foreign Income LOCAL VERSUS FOREIGN SOURCED INCOME Malaysia’s tax system is territorial. Under Section 3 of the Income Tax Act 1967, it provides that only income that is accruing in or derived from Malaysia, and income remitted…

real property gain tax changes

Key Changes In The Real Property Gain Tax

Key Changes In The Real Property Gain Tax Real Property Gain Tax Amendments that Property Sellers and Non-Citizen must know  The latest amendments in the Real Property Gain Tax 1976 has greatly impacted non-citizen and non-permanent resident property owners in…