Latest News & Blogs

GSK & Associates

May 282 min

Important Update for Employers - Starting from the year 2024.

Changes to tax form submissions starting from 1 January 2024.

GSK & Associates

Mar 11 min

How will the increase in the Service Tax (SST) rate from 6% to 8% impact businesses and consumers?

We wish to draw your attention to the recent revision in the Service Tax rate, which has been increased from 6% to 8%, effective from 1...

GSK & Associates

Oct 9, 20232 min

Waiver of debts - taxable or not?

Waiver of debts - taxable or not?. While it may seem like a tremendous relief, the IRB might still consider it as taxable income.

GSK & Associates

Sep 22, 20236 min

Budget 2023 - Corporate and Individual tax in Malaysia

Explore the Impact of Malaysia's Budget 2023 Key Tax Changes on Corporate and Individual Tax in Malaysia.

GSK & Associates

Aug 21, 20234 min

Special Voluntary Disclosure Programme 2.0 in Malaysia

SVDP 2.0 targets taxpayers who have either not paid or underpaid their taxes to voluntarily report their income.

GSK & Associates

Aug 12, 20232 min

e-Invoice Malaysia

e-Invoice is the exchange of information in an invoice between a supplier and a buyer in a controlled electronic mechanism.

GSK & Associates

Jul 2, 20232 min

Key differences between MPERS, IFRS for SMEs and MFRS

An overview of the key differences between MPERS, IFRS for SMEs and MFRS in Malaysia.

GSK & Associates

Mar 12, 20232 min

Individual income tax in Malaysia

Individual income tax in Malaysia with details of tax due dates, residence status, reliefs and rebates for the year of assessment 2022.

GSK & Associates

Jul 20, 20224 min

Reduced rates for tax penalties

Effective 1 May 2022, tax penalties imposed under Section 113 (2) of the Income Tax Act, 1967 (ITA) are at a new, reduced graduated scale.

GSK & Associates

Feb 20, 20223 min

Redeemable Preference Shares (RPS) - Liability or Equity

Classification of Redeemable Preference Shares (RPS) as Liability or Equity as prescribed by IAS 32 or MFRS 132.