Starting from 1 January 2025, individuals receiving annual dividend income exceeding RM100,000 will be subject to a 2% tax on the amount...

Scope: Dividend income received by individual shareholders from both private and public companies. Individual shareholders include...

We would like to highlight some key updates regarding tax and employment matters: 1. Notifications of New Employee (CP22) Effective 1...

This is not the first time the utility group has faced additional tax assessments. In 2020, TNB challenged IRB’s additional assessments...

The Inland Revenue Board of Malaysia (IRBM) has released updated versions of several e-Invoice documents: e-Invoice guideline version...

The e-Invoice guidelines and specific regulations were updated on June 28, 2024, replacing the previous versions from April 6, 2024. The...

With the mandatory e-Invoicing set to start on August 1, 2024, for taxpayers in the first phase, targeting those with annual revenues...

Entitlies Liable for CGT: Companies, limited liability partnerships (LLPs), trust bodies (e.g., unit trusts), and cooperative societies...

5 sets of Service Tax amendment orders were gazetted yesterday, 26 February 2023 and the new rules will come into effect from 1 March...

1. Service Tax - Increase of Tax Rate from 6% to 8% The rate of Service tax will be increased from 6% to 8% effective from 1 March 2024....

These are the salient features of CGT according to the Finance(No. 2) Bill 2023 The Finance (No. 2) Bill 2023 has been passed by the...

As background information, a company that qualifies as a Micro, Small, and Medium Enterprise (MSME) is subject to taxation at these...

By Samuel Lai, Director of StanleyCo Tax Consultants Sdn Bhd Written on 29 October 2023 As announced in Budget 2024, the government will...

This year, Malaysia's Budget is fittingly named "Ekonomi Madani: Memperkasa Rakyat". As Malaysia navigates through the challenges of high...

Available from 6 June 2023 to 31 May 2024 A voluntary tax disclosure program, also known as a tax amnesty program, is a way for taxpayers...

The new Transfer Pricing Rules 2023 (Transfer Pricing Rules) were gazetted on 29 May 2023, and are effective from year of assessment (YA)...

The Purpose of Preparing Transfer Pricing Documentation The purpose of preparing transfer pricing documentation is to provide evidence to...

Finance Bill 2023 had its first reading in Parliament recently. If it passes the second reading and becomes law, these corporate tax...

Key Points for SMEs 1. Small and medium enterprises in YA2023 will save up to RM3,000 with a reduced tax rate of 15% on the first...

Background Prior to 31 December 2021, foreign source income (“FSI”) received in Malaysia by an individual or company carrying out...