Taxation

All you need to Know about Tax Measures Announced during the MCO

On the 18th of March, Malaysia was restricted under the Movement Control Order (MCO). Currently, the restrictions are somewhat eased and these have been prolonged to the 9th...


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Tax Treatment on Waiver of Debts, 20 May 2020

Amid staggering national debt due to COVID-19, the tax treatment of waiver debts is a major concern. Well, a moneylender is allowed to guarantee an assessment finding for...


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Malaysia’s Budget 2020: Tax Measures you Need to Know

Malaysia’s budget 2020 was tabled in parliament on 11 October 2019. But how does Budget 2020 impact the general public? Let’s review all important highlights of budget 2020.   1....


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Income Tax Deadline Extended 2 Months due to Malaysia Covid-19 Movement Control

According to the latest news, the last day to file the different income tax return forms (BNCP) has been delayed by two months from the exact deadline. The Inland...


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Sushivid and LHDN to Promote Tax Filing Workshop Among Social Media Influencers

Influencer marketing platform SushiVid with the Inland Revenue Board of Malaysia (LHDN) will be hosting a complimentary workshop to create awareness surrounding the importance and benefits of tax...


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Malaysia Personal Income Tax Guide 2020 (YA 2019)

This article on "Malaysia Personal Income Tax Guide 2020" was first published on RinggitPlus. Visit the site for more articles on personal finance. If you earn more than RM34,000 a year,...


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Experts Weigh in if New Govt will Revive GST and HSR

There were suggestions to revert back to GST (Goods and Services Tax) from our current SST (Sales and Service Tax). In view of the unfavorable business environment, reverting back...


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How Digital Tax affects Malaysians

The scope of digital tax is broad as it covers almost all online services provided digitally such as online software licensing, video and music streaming, digital advertising, video...


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Foreign Digital Service Providers Register For Digital Tax

The Customs Department has confirmed that at least 126 foreign digital service providers including Google, Netflix, Spotify, Airbnb have registered for the 6% digital tax to be imposed...


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