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SME Loans and Financing Facilities are Now Exempted for Stamp Duty

The economic downturn has badly affected the SMEs and the major cause is the Covid-19 outbreak. In continuation with the Malaysian Government’s drive to minimize the financial burden...


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IRBM Updates FAQ on Special Deduction Allowed on Rental Reduction to SMEs and non-SMEs Tenants, 07 September 2021

Recently, the IRBM has released an updated FAQ related to the special deduction to property owners/landlords for rental reduction to small and medium enterprises (SMEs) and non-SMEs on...


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Making Property Investment through Company Ownership

Since the property prices are rising, a lot of investors have started to invest in real estate.  The major trend relates to residential properties. These properties are bought...


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MCO 3.0, EMC: Extension of Time for Submission of Income Tax Returns 

Listed below are the Frequently Asked Questions (FAQs) provided by the Inland Revenue Board (IRB):FAQ listed on 2 June 2021, associated with administering of taxation matters during...


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Refurbishment and Renovation Cost of the Business Premises is a Valid Tax Deduction

The tax deduction of an amount up to RM300,000 on the renovation and refurbishment of any business premises was proposed earlier. Now the rules regarding this particular tax...


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Tax Reliefs and Changes to Expect From YA2020

Talking about the Year of Assessment 2020, the Malaysian government has introduced a considerable number of income tax changes and reliefs. These amendments are permanent additions, which were...


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Budget 2021 and Finance Bill 2020: What Types of Tax Amendments are Introduced

Budget 2021 and Finance Bill 2020: What Types of Tax Amendments are Introduced?  On 6 November 2020, the Minister of Finance presented the Budget 2021 in the Malaysian Parliament....


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Malaysian Government is Thinking about Re-implementing GST in 2022 or 2023

The Malaysian government is planning to re-implement goods and services tax (GST); however, this decision is likely to be implemented in 2022 or 2023.Hence, it is anticipated that...


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Extended Tax Cut for Landlords Offering Rentals to SMEs at Reduced Rates

The landlords who offer their premises to SME’s at reduced rates (at least 30% less) can continue to enjoy extended tax cut till March next year—The Finance Minister...


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Difference between Audit and Assurance Services

Both audit and assurance services play a key role during the evaluation of a company’s financial record. These procedures are followed to verify the accounting record available with...


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