Beyond Compliance, Grow Sustainably.
Beyond Compliance, Grow Sustainably.
Tax updates, advisory insights, compliance matters, and tax-related articles by Cheng & Co Group.
Indirect Taxation January Update – Issues 15th January Indirect Taxation RMCD releases public ruling on supply of commercial residential premise, 12 January 2018 The Royal Malaysian Customs Department (RMCD) has issued Public Ruling No. 01/2018 Supply of Commercial Residential Premise…
Direct Taxation January Update – Issues 15th January Direct Taxation IRB issues PR on appeals, 12 January 2018 The Inland Revenue Board (IRB) has published a public ruling (PR) on “Appeal against an Assessment and Application for Relief” (PR No…
Indirect Taxation January Update – Issues 1st January Indirect Taxation Orders recently gazetted The following Orders have been recently gazetted and have come into operation as follows:- P.U. (A) Title Date Gazetted Remarks CUSTOMS 404/2017 Customs (Anti-Dumping Duties) (Administrative Review)…
Direct Taxation January Update – Issues 1st January Direct Taxation Rules/Orders/Regulations recently gazetted The following Rules/Orders/Regulations have been recently gazetted and have come into operation as follows:- P.U. (A) Title Date Gazetted Remarks Income Tax 403/2017 Income Tax (Automatic Exchange…
Indirect Taxation December Update Indirect Taxation RMCD releases public ruling on issuance and holding of securities, 13 December 2017 The Royal Malaysian Customs Department (RMCD) has issued Public Ruling No. 04/2017 Issuance and Holding of Securities on 12 December 2017.…
Direct Taxation Update – December Direct Taxation Update – December LHDNM’S PRACTICE NOTE NO. 3/2017 ON CLARIFICATIONS ON EFFECTIVE DATE OF INCOME TAX (EXEMPTION) (NO.9) ORDER 2017 [P.U. (A) 323/2017] The Inland Revenue Board of Malaysia (LHDNM) has recently uploaded…
Tax and GST News – November (3) 19-25 November KPMG: Possible reduction in corporate tax rate by 2019, 22 November 2017 There is a possibility that there will be a cut in Malaysia’s corporate tax rate by 2019 which will…
Tax and GST News – November (2) 12-18 November Digital tax may boost tax collection by 5%, 17 November 2017 KPMG Tax Services Sdn Bhd said that Malaysia’s plan to impose indirect tax on companies in the digital economy, especially…
Tax and GST News – November (1) 1-11 November Labuan called to align its tax regime with BEPS Action 5, 16 November 2017 The Governor of the Central Bank of Malaysia, Muhammad bin Ibrahim, has called for Labuan to review…
Direct Taxation Update – November Income Tax and GST Legislation, Public Rulings and Guides Update PUBLIC RULING 6/2017 – WITHHOLDING TAX ON INCOME OF A NON-RESIDENT PUBLIC ENTERTAINER Full Version Lembaga Hasil Dalam Negeri Malaysia (LHDNM) has issued the above…
