Taxation

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...


Posted By Comments: 0 0

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...


Posted By Comments: 0 0

Tax Highlights 2021: What to Expect from Malaysia Budget 2021

The Malaysian Budget 2021 was announced on 6 Nov 2020, which is mainly focused on three major goals naming business continuity, Rakyat’s well-being, and economic resilience. To achieve...


Posted By Comments: 0 0

Is it Feasible for Malaysia to Revamp its Corporate Tax Rate 2020?

Whether it is possible for Malaysia to lower its corporate tax rate 2020 during the prevailing economic situation or it should rely on its incentive-based strategy. The answer...


Posted By Comments: 0 0

Proposed Income Tax Malaysia Benefits in the Budget 2021: These Tax Cuts would Benefit those earning RM50K to RM70K Annually

While proposing Budget 2021, the Malaysian government has recently announced a noticeable reduction in the income tax rates. During the budget session, Finance Minister Datuk Seri Tengku has...


Posted By Comments: 0 0

Corporate Tax Malaysia: All You Need to Know

Corporate tax is charged to the resident company or Sdn Bhd receiving income within Malaysia and outside Malaysia for a firm holding insurance, air transportation, sea, and banking...


Posted By Comments: 0 0

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...


Posted By Comments: 0 0

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...


Posted By Comments: 0 0

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...


Posted By Comments: 0 0

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...


Posted By Comments: 0 0