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.
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
The government on Friday announced an RM393.8 billion expansionary Budget for 2024. The national Budget comprises RM303.8 billion in operating expenditure
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.
The government on Friday announced an RM372.34 billion expansionary Budget for 2023.
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.
What is entertainment for tax purposes? Entertainment expenses include the cost of entertaining customers or employees at social events, clubhouse, restaurant, etc...
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...
Under the PEMERKASA Economic Stimulus Package which was announced on 17 March 2021, the Government has introduced a tax incentive to encourage manufacturing...
Service tax is a consumption tax levied on the prescribed services known as 'taxable services’. The provision of Information Techology Services (ITS) is a
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...
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 is a single-stage tax system, there is no input tax credit mechanism available under the service tax regime. Therefore...
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...
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.
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”!
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。
Trade debt which is irrecoverable either wholly or partly are allowed as a deduction in ascertaining the adjusted income of a business.
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:
With effect from 1st January 2019, taxable service acquired by any person in Malaysia
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...
The Budget 2021 announcements which have gazetted the law under Finance Act 2020 which have tightened the Transfer Pricing compliance requirements in Malaysia
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。
We provide Updates from IRBM, RMCD & Federal Government Gazette
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
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