Beyond Compliance, Grow Sustainably.
Beyond Compliance, Grow Sustainably.
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 on 11 January 2018. The PR clarifies whether…
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 12/2017) dated 29 December 2017. This PR replaces…
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) (Amendment) Order 2017 22 December 2017 This Order…
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 of Financial Account Information) (Amendment) Rules 2017 22…
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. The PR clarifies the…
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 the Practice Note No.3/2017 (issue…
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 kickstart economic growth, higher productivity and competitiveness,…
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 cross-border e-commerce and service firms, could increase…
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 its international tax framework, following OECD’s work…
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 Public Ruling (PR) dated 12…
