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FAQ in Relation to the Deduction of Tax at 2% on Payments Made by a Company to an Agent, Dealer or Distributor

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FAQ in Relation to the Deduction of Tax at 2% on Payments Made by a Company to an Agent, Dealer or Distributor

Effective 1st January 2022, a company is required to withhold 2% tax on payments made in monetary form to an agent, deal…

TNB's Application to Quash a RM1.8 billion Tax Bill

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TNB’s Application to Quash a RM1.8 billion Tax Bill

Abstract Judicial review – reinvestment allowance – definition of manufacturing The latest tax case that has…

Highlights on Budget 2022 Proposals (Part 4) - Extension of Additional Reinvestment Allowance Incentive and Time Limit for Carry Forward of Unabsorbed Business Losses

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Highlights on Budget 2022 Proposals (Part 4) – Extension of Additional Reinvestment Allowance Incentive and Time Limit for Carry Forward of Unabsorbed Business Losses

As you may recall, the following proposals, among others, were announced in the Budget 2022 / Finance Bill 2021:- ➢ Ex…

Tax Deductibility of Payments for the Release of Bumiputra Quota

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Tax Deductibility of Payments for the Release of Bumiputra Quota

One of the tax cases which have caught the attention of property developers in recent years is the case of Prima Nova Ha…

Highlights on Budget 2022 Proposals (Part 3) - MOF's Media Release on Foreign-Sourced Income and Remission of Stamp Duty on Contract Notes for Trading of Shares Listed on Bursa Malaysia

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Highlights on Budget 2022 Proposals (Part 3) – MOF’s Media Release on Foreign-Sourced Income and Remission of Stamp Duty on Contract Notes for Trading of Shares Listed on Bursa Malaysia

To Our Valued Clients 1. Tax Treatment of Foreign-Sourced Income Received in Malaysia   In the recent announcement of t…

IRB's Media Release - Deferment of Tax Payments for Taxpayers and/or Employers Affected by Flood Disaster

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IRB’s Media Release – Deferment of Tax Payments for Taxpayers and/or Employers Affected by Flood Disaster

To Our Valued Clients Due to the floods that hit many areas in West Malaysia recently, the Inland Revenue Board [“…

Highlights on Budget 2022 Proposals (Part 2) - Withholding Tax on Payments Made by a Company to an Agent, Dealer or Distributor Who is a Resident Individual

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Highlights on Budget 2022 Proposals (Part 2) – Withholding Tax on Payments Made by a Company to an Agent, Dealer or Distributor Who is a Resident Individual

To Our Valued Clients Currently, every company is required to furnish a Statement of Monetary and Non-monetary Incentive…

FAQ on Revision of Tax Estimate in The 11th Month of The Basis Periods for YA 2021 and YA 2022 and Deferment of Payment under CP 204 and Notice of Instalment Payment (CP 500) for Micro, SME

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FAQ on Revision of Tax Estimate in The 11th Month of The Basis Periods for YA 2021 and YA 2022 and Deferment of Payment under CP 204 and Notice of Instalment Payment (CP 500) for Micro, SME

To Our Valued Clients The Inland Revenue Board [“IRB”] has issued the Frequently Asked Questions [“FAQ…

Highlights on Budget 2022 Proposals (Part 1) - Special Revision of Tax Estimate in 11th Month of the Basis Periods for YA 2021 and YA 2022

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Highlights on Budget 2022 Proposals (Part 1) – Special Revision of Tax Estimate in 11th Month of the Basis Periods for YA 2021 and YA 2022

To Our Valued Clients As you are aware, every company, limited liability partnership, trust body or co-operative society…

Updates on Special Voluntary Disclosure Program for Indirect Taxes

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Updates on Special Voluntary Disclosure Program for Indirect Taxes

To Our Valued Clients In line with the Government’s strategies to broaden its revenue base while promoting tax com…