tax Articles in Malaysia

You can find useful Tax articles for the Malaysian Business scene on this page. It can be financial related or it can just be a general business topic. As long as the contents are helpful to anyone who is doing business here in Malaysia, we will put it up.

Your Comprehensive Guide Personal Income Tax (Applicable for YA 2023)
The tax filing season can be a stressful time for individual taxpayers, and the common objective among taxpayers often revolves around reducing income tax burdens and ultimately paying less income tax
2024Budget Highlights | 2024年财政预算案重点
The government on Friday announced an RM393.8 billion expansionary Budget for 2024. The national Budget comprises RM303.8 billion in operating expenditure
2023Budget Highlights | 2023年财政预算案重点
2023年财政预算案总开销高达3,881亿令吉，其中2,891亿令吉是用于行政开销，990亿令吉是用于发展开销。The government on Friday announced an RM388.1 billion expansionary Budget for 2023.
2023 Budget Highlights | 2023年财政预算案重点
The government on Friday announced an RM372.34 billion expansionary Budget for 2023.
What Are the Types of Tax Treatment Imposed on Rental Income?
The IRB has issued a Public Ruling No 12/2018 (“PR12/2018”) to clarify the tax treatment on rental income received from the letting of real property.
Have Fun Without Worries! It's Tax Deductible!
What is entertainment for tax purposes? Entertainment expenses include the cost of entertaining customers or employees at social events, clubhouse, restaurant, etc...
Tax Treatments between a Resident & Non-Resident Company
Resident means resident in Malaysia for the basis year for a year of assessment (YA) by virtue of section 8 and subsection 61(3) of the ITA...
The Tax incentive for Safe@WorkProgram
Under the PEMERKASA Economic Stimulus Package which was announced on 17 March 2021, the Government has introduced a tax incentive to encourage manufacturing...
13 Examples of Taxable Services in Information Technology!
Service tax is a consumption tax levied on the prescribed services known as 'taxable services’. The provision of Information Techology Services (ITS) is a
Professional Services: Management Services
Service tax is a consumption tax levied on the prescribed services known as 'taxable services’. The provision of management services is a taxable service under...
Special Deduction on Business Premises: Renovation & Refurbishment
The Government of Malaysia has initially introduced special tax deduction on cost of renovation incurred from 1 March 2020 to 31 December 2020 in the first.....
Service Tax B2B Exemption
Service Tax is a single-stage tax system, there is no input tax credit mechanism available under the service tax regime. Therefore...
As an Employer, What are their Obligations in terms of Income Tax?
The IRB will audit employers on a regular basis to ensure that they are complying with their income tax reporting obligations, such as timely submissions of...
Hi ! Do You Know What is Tax Clearance Letter (TCL)?
The tax clearance letter (TCL) is a letter issued by the IRB to notify the employer of a deceased/ retiring/ resigning employee’s tax liability to enable the employer to make the final payment of salary/ compensation/ gratuity to the employee.
《生意要做大，企业要预算》线上研讨会登场
老板，您有设定好“舞台”，让您和全体员工都准备冲刺2022年？刚宣布的国家预算案，政府“搭好舞台”让各行业者可迅速在2022年马上恢复过来。告别两年的“疫情年”， 2022年是企业重整山河的最佳时机，配合好政府的新政策，如今您只需要做好“企业预算案”！
2022 Budget Highlights
The government on Friday announced an RM332.1 billion expansionary Budget for 2022, the highest allocation compared with previous budgets.
2022年财政预算案重点
2022年财政预算案总开销高达3321亿令吉，是有史以来最大手笔的财政预算案。其中2335亿令吉是用于行政开销，756亿令吉是用于发展开销，230亿令吉用于新冠肺炎基金。
What Business Owners Need to Know About Bad Debt!
Trade debt which is irrecoverable either wholly or partly are allowed as a deduction in ascertaining the adjusted income of a business.
Tax Treatment Of Compensation For Loss Of Employment
Generally, the compensation for loss of employment received by an employee is subject to tax under Section 13(1)(e) of the ITA 1967 as follows:
What is the Service Tax Implication On Imported Digital Services?
With effect from 1st January 2019, taxable service acquired by any person in Malaysia
Tax Treatment on Sum Received & Debt Owing for Services to be Rendered
Before assessment (YA) 2016, para 24(1)(b) of the ITA only dealt with debts arising in respect of any services rendered, treated as gross income in the YA...
Prepare your TP Documentation in the Right Circumstances and Contents!
The Budget 2021 announcements which have gazetted the law under Finance Act 2020 which have tightened the Transfer Pricing compliance requirements in Malaysia
处理不好Transfer Pricing，小心税收局找你！
公司经常卖产品或者提供服务给姐妹公司？子公司提供服务给母公司？收费竟低于市场价值？如果您有与关联公司进行交易，您是否有准备好转让定价文件(Transfer Pricing Document)？自2021年1月1号起，内陆税收局是有权力跟你公司领取你的转让定价文件。
Updates from IRBM, RMCD & Federal Government Gazette
We provide Updates from IRBM, RMCD & Federal Government Gazette
内陆税收局、皇家关税局 &联邦政府宪报资讯更新
我们提供你内陆税收局、皇家关税局及联邦政府宪报的资讯更新： 1）内陆税收局总监根据1967年所得税法令第44（6）条文审批指南和表格 2）取得批准重要出口商制度（AMES）豁免需准备的报告