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...

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...

Earlier in 1996, Malaysia introduced the Multimedia Super Corridor (MSC) project to promote and boost Malaysia's digital economy. This...

(Updated on 9 July 2022) Section 107D was inserted to the Income Tax Act subsequent to the Budget 2022 announced by the Prime Minister....

(Updated on 24 Dec 2021) An income tax rebate up to RM20,000 per year for 3 years of assessment was given to newly established small and...

In view of the imposition of tax on foreign sourced income, IRBM has introduced a Special Income Remittance Programme (PKPP) on 16...

One of the most significant proposed changes to our tax system is imposition of tax on foreign sourced income. Once the amendments to the...

Further to the announcement by the Prime Minister that tax payments and penalties could be deferred under the Pemerkasa Plus Stimulus...

Please click here for the FAQ issued by LHDN The FAQ appeared to be the latest policies of LHDN in response to the Movement Control Order...

We have received a few enquiries on this question recently – Does an employer need to notify the tax department when employing a new...

Transfer Pricing Rules (updated on 12 March 2021) What is transfer pricing? Principle of arm’s length Is transfer pricing a bad thing?...

Pursuant to PERMAI Assistance Package announced on 18 January 2021, special tax deduction granted to taxpayers who provide a rental...

The due date for submission of any amendment to the final GST-03 return is on or before 31 August 2020 subject to meeting of conditions...

To attract foreign companies to relocate their business into Malaysia by addressing the of re-shoring, the government has introduced the...

Owners of buildings or business premises that provide at least 30% reductions or waiver on rent to SME tenants shall be given a special...

1. Wage Subsidy - All companies incorporated before 1 Jan 2020 and are registered with PERKESO. It seems that there is no requirement to...

Click to open this PDF: Highlights of Malaysia's Budget 2020

The Inland Revenue Board (IRB) has received 486,360 cases of voluntarily tax declaration under the SPVD programme. The deadline for this...

Income Tax (Restriction on Deductibility of Interest) Rules 2019 which is also known as earning stripping rules (ESR) has been gazetted...