What do you need to know about the 2% Dividend Tax
Scope: Dividend income received by individual shareholders from both private and public companies. Individual shareholders include...
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Sep 112 min read
Key Updates: LHDN and Employment Matters
We would like to highlight some key updates regarding tax and employment matters: 1. Notifications of New Employee (CP22) Effective 1...
Aug 222 min read
IRB Slaps TNB with RM1.39 Billion in Additional Taxes
This is not the first time the utility group has faced additional tax assessments. In 2020, TNB challenged IRB’s additional assessments...
Jul 312 min read
The IRBM has updated the E-invoice guidelines
The Inland Revenue Board of Malaysia (IRBM) has released updated versions of several e-Invoice documents: e-Invoice guideline version...
Jul 31 min read
IRBM revises e-Invoice and specific guidelines
The e-Invoice guidelines and specific regulations were updated on June 28, 2024, replacing the previous versions from April 6, 2024. The...
Jul 31 min read
MyInvois Portal Ready for e-Invoice Issuance and Submission
With the mandatory e-Invoicing set to start on August 1, 2024, for taxpayers in the first phase, targeting those with annual revenues...
Mar 82 min read
Overview of Capital Gain Tax (CGT) in Malaysia
Entitlies Liable for CGT: Companies, limited liability partnerships (LLPs), trust bodies (e.g., unit trusts), and cooperative societies...
Feb 262 min read
Amendment to Service Tax Regulations
5 sets of Service Tax amendment orders were gazetted yesterday, 26 February 2023 and the new rules will come into effect from 1 March...
Jan 152 min read
Tax updates (January 2024)
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....
Nov 29, 20232 min read
Decoding the Scope of Capital Gain Tax (CGT): What Assets Are Impacted?
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...
Nov 14, 20231 min read
Foreign-Owned Companies to Face New Conditions in Year of Assessment 2024
As background information, a company that qualifies as a Micro, Small, and Medium Enterprise (MSME) is subject to taxation at these...
Oct 29, 20232 min read
Get Ready for the New Capital Gain Tax
By Samuel Lai, Director of StanleyCo Tax Consultants Sdn Bhd Written on 29 October 2023 As announced in Budget 2024, the government will...
Oct 13, 20233 min read
Malaysia Budget 2024 Highlights
This year, Malaysia's Budget is fittingly named "Ekonomi Madani: Memperkasa Rakyat". As Malaysia navigates through the challenges of high...
Jun 5, 20231 min read
TAX ALERT: Special Voluntary Disclosure Programme 2.0
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...
May 28, 20231 min read
The Transfer Pricing Rules 2023
The new Transfer Pricing Rules 2023 (Transfer Pricing Rules) were gazetted on 29 May 2023, and are effective from year of assessment (YA)...
May 4, 20233 min read
Transfer Pricing Documentation for Related Party Transactions
The Purpose of Preparing Transfer Pricing Documentation The purpose of preparing transfer pricing documentation is to provide evidence to...
Feb 28, 20231 min read
New Corporate Tax Rates (Year of Assessment 2023)
Finance Bill 2023 had its first reading in Parliament recently. If it passes the second reading and becomes law, these corporate tax...
Feb 27, 20234 min read
Budget of Malaysia 2023
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...
Feb 1, 20233 min read
Taxation on Foreign Source Income
Background Prior to 31 December 2021, foreign source income (“FSI”) received in Malaysia by an individual or company carrying out...
Jan 1, 20233 min read
Is Overseas Income Taxable In Malaysia?
Let’s picture a scenario; you and one of your friends start a business. The type of the business doesn’t matter, but what’s important is...
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