April 2020

Latest Update on FAQ on Tax Matters during the MCO Period - In Response to the Extension of MCO Period until 12th May 2020

To Our Valued ClientsIn response to the extension of Movement Control Order ["MCO"] period until 12th May 2020, the Inland Revenue Board ["IRB"] has on 28th April 2020, updated the Frequently Asked Questions ["FAQ"] on Tax Matters During the MCO Period (18th March 2020 to 12th May 2020) as well as the Return Form Filing Programme for the Year 2020 (Amendment 3/2020) to update the tax filing due dates and other operational matters.

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Latest Update on the IRB's FAQ on Tax Matters during the MCO Period (Deductions for Contributions Made Associated with COVID-19)

To Our Valued ClientsFor your update, the Inland Revenue Board ["IRB"] has on 21st April 2020, updated the Frequently Asked Questions ["FAQ"] on Tax Matters During the Movement Control Order Period (18th March 2020 to 28th April 2020) to include clarifications on the claim for tax deduction in respect of contributions made by taxpayers associated with COVID-19. Similar clarifications can also be found in the Special Guidelines on Application for Income Tax Deduction for Community / Charity Projects to Curb the COVID-19 Pandemic issued by the Ministry of Finance ["MoF"].

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Updates on Special Deduction for Reduction of Rental

To Our Valued ClientsUnder the "Additional Prihatin Rakyat SME Economic Stimulus Package" unveiled by the Government on 6th April 2020, it was proposed that a special deduction be granted to landlords offering reduction of rental to tenants who are Small and Medium Enterprises ["SME"]. To provide further details relating to this, the Ministry of Finance ["MoF"] has thereafter, on 9th April 2020, posted the Frequently Asked Questions ["FAQ"] on Special Deduction to Companies and Entities other than Companies Who Offer Reduction of Rental of Business Premises to SME (in Bahasa Malaysia) on its Official Telegram Channel of "Prihatin Rakyat Economic Stimulus Package".

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Latest Update on the IRB's FAQ on Tax Matters during the MCO Period / RMCD's Response to COVID-19 and MCO

To Our Valued ClientsFor your update, the Inland Revenue Board ["IRB"] has on 13th April 2020, made available the Frequently Asked Questions ["FAQ"] on Tax Matters During The Movement Control Order ["MCO"] Period (18th March 2020 to 28th April 2020) to update the consequential changes affecting taxpayers due to the extended MCO period until 28th April 2020 and to provide further clarification on measures announced in "Prihatin Rakyat Economic Stimulus Package".

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Latest Update on 2020 Tax Filing Programme and Wage Subsidy Programme

To Our Valued ClientsAs expected by many, the Movement Control Order ["MCO"] period has been further extended, i.e. until 28th April 2020, as announced by the Government on 10th April 2020. At the same time, it is announced that additional sectors (e.g. construction, research and development, etc.) are allowed to operate during the MCO period (subject to approval by the Ministry of International Trade and Industry, upon application).

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Latest Update on the IRB's Response to COVID-19 and Movement Control Order and Additional Measures for Prihatin Rakyat SME Economic Stimulus Package

To Our Valued ClientsAs you are aware, the Inland Revenue Board ["IRB"] has on 18th March 2020, issued the Frequently Asked Questions ["FAQ"] on Tax Matters during the Movement Control Order ["MCO"] Period (18th March 2020 to 31st March 2020) in response to COVID-19 and MCO announced by our Prime Minister, YAB Tan Sri Dato' Haji Muhyiddin Bin Haji Mohd Yassin recently. Following the extension of the MCO period to 14th April 2020 and the announcement of the "Prihatin Rakyat Economic Stimulus Package" by the Government of Malaysia, the IRB has on 3rd April 2020, issued the updated FAQ on Tax Matters during the MCO Period (18th March 2020 to 14th April 2020) to address the consequential changes affecting taxpayers during the MCO period from 18th March 2020 to 14th April 2020.

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