Taxation

Tax Treatment of Grants and Subsidies Received Under Covid-19 Relief Packages

To facilitate economic growth, the Malaysian Government has launched three major economic stimulus packages (“ESPs”). It would help to minimize the financial impact of the Covid-19 pandemic over...


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PRIHATIN Moratorium Programme – Tax Treatment for Interest

The Income Tax, also regarded as Special Treatment for Interest on Loan 2020, was gazetted on 25 Aug 2020. These special regulations will be in effect from year...


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Everything You Need to Know About the Vacancy Tax in Malaysia

Vacancy tax has been in the news for a while due to the oversupply of properties, which are highly priced and left unsold due to unsuitability. Builders who...


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Six Primary Company Taxes in Malaysia (with Tax Rates of 2020)

relFor a smooth tax process in Malaysia, one needs to have a thorough understanding of the tax obligation process. If you are running your business as an independent...


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All You Need to Know about SST Malaysia

Sales and Service Tax (commonly known as SST) is the new tax in Malaysia that was implemented on 1 September 2018. It replaced the Goods and Services Tax...


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Generous Tax Incentives for FDI but Not Small Businesses

The Honorable Prime Minister of Malaysia revealed an RM35 billion short-term Economic Recovery Plan a few days ago, and it appears to be well-planned and extensive in the...


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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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