Budget 2022 and Finance Act 2021, changes in tax rules for foreign-sourced income, introduction of new withholding tax of 2%, power to call

New penalty rates for Late filing of Income Tax Returns in Malaysia effective from 1 October 2019.

Malaysian Income Tax Act, 1967 allows a deduction for bad debts / irrecoverable debts under Section 34 (2).

Income tax rebate of RM20,000 per year for first 3 years will be given for SMEs under the PENJANA initiatives by Malaysian Government.

Section 140C is a new section in Malaysian Income Tax Act, 1967 (ITA), introduced via Finance Act 2018, effective from 1 July 2019. 1....

Highlights on changes in tax matters in Malaysia, effective from the year of assessment (YA) 2020 based on Finance Act 2019.

Withholding tax exemptions for MSC-status Companies in Malaysia has been withdrawn effective from 1 January 2020.

Tax Filing and Payment Due Dates amid MCO in Malaysia from 18 March to 28 April 2020.

Tax due dates in Malaysia after the extension of MCO in Malaysia up to 28 April 2020, as updated by the LHDN on 10 April 2020

Who is liable to pay tax liabilities of a Company, if the Company fails to pay its corporate tax and Monthly Tax Deductions as an employer?

The salient tax proposals based on the Malaysian Budget 2020 speech as announced on 11 October 2019.

Accounting records keeping, a mandatory requirement in Malaysia. It is required by Income Tax Act, 1967 and Companies Act, 2016.

Guidelines on Submission of Tax Estimate in Malaysia via Form CP204

Foreign-sourced income is not subject to tax in Malaysia, except for certain activities, such as banking, insurance, and air......

Malaysian income tax return form filing programme for the year 2019, for all income tax return forms, with due dates as per the relevant...

Ways to reduce Income Tax for Employees and Service Directors and at the same time Employers gets full deductions of expenses. Out of...

There are penalties imposed by LHDN without notice or notification, one of it is under Section 107C(9), of the Income Tax Act, 1967....