GSK & AssociatesFeb 147 minBudget 2022 - Key Tax Changes in MalaysiaBudget 2022 and Finance Act 2021, changes in tax rules for foreign-sourced income, introduction of new withholding tax of 2%, power to call
GSK & AssociatesMay 26, 20212 minLate filing of Income Tax Returns (ITRF) - New Penalty RatesNew penalty rates for Late filing of Income Tax Returns in Malaysia effective from 1 October 2019.
GSK & AssociatesApr 24, 20214 minBad Debts Written Off - Tax Deductible?Malaysian Income Tax Act, 1967 allows a deduction for bad debts / irrecoverable debts under Section 34 (2).
GSK & AssociatesFeb 7, 20216 minIncome Tax, SST, RPGT and Stamp Duty - Exemptions Malaysia - COVID-19 Measures, includes Budget 2022Income tax rebate of RM20,000 per year for first 3 years will be given for SMEs under the PENJANA initiatives by Malaysian Government.
GSK & AssociatesNov 22, 20203 minRestriction on Deductibility of Interest - Section 140CSection 140C is a new section in Malaysian Income Tax Act, 1967 (ITA), introduced via Finance Act 2018, effective from 1 July 2019. 1....
GSK & AssociatesNov 15, 20204 minChanges in Tax for the Year of Assessment 2020 - Highlights Highlights on changes in tax matters in Malaysia, effective from the year of assessment (YA) 2020 based on Finance Act 2019.
GSK & AssociatesAug 23, 20201 minWithholding tax exemptions for MSC-status Companies in Malaysia - WithdrawnWithholding tax exemptions for MSC-status Companies in Malaysia has been withdrawn effective from 1 January 2020.
GSK & AssociatesApr 16, 20201 minTax Filing and Payment Due Dates amid Movement Control Order (MCO) in Malaysia.Tax Filing and Payment Due Dates amid MCO in Malaysia from 18 March to 28 April 2020.
GSK & AssociatesApr 15, 20201 minTAX DUE DATES FOR ALL RETURN FORMS FOR THE YEAR 2020, UPDATED ON 10 APRIL 2020Tax 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
GSK & AssociatesDec 29, 20192 minDirectors' + Shareholders' Liability for Company's TaxWho 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?
GSK & AssociatesOct 14, 20192 min2020 MALAYSIAN BUDGET PROPOSALThe salient tax proposals based on the Malaysian Budget 2020 speech as announced on 11 October 2019.
GSK & AssociatesJul 3, 20192 minACCOUNTING RECORDS KEEPING - A MANDATORY REQUIREMENT IN MALAYSIAAccounting records keeping, a mandatory requirement in Malaysia. It is required by Income Tax Act, 1967 and Companies Act, 2016.
GSK & AssociatesJun 9, 20195 minGuidelines on Submission of Tax Estimate in Malaysia via Form CP204 - includes Budget 2022 updatesGuidelines on Submission of Tax Estimate in Malaysia via Form CP204
GSK & AssociatesMay 24, 20194 minFOREIGN-SOURCED INCOME - MALAYSIAN INCOME TAX - includes Budget 2022 updatesForeign-sourced income is not subject to tax in Malaysia, except for certain activities, such as banking, insurance, and air......
GSK & AssociatesApr 14, 20191 minINCOME TAX DUE DATES FOR ALL RETURN FORMS - YEAR 2019Malaysian income tax return form filing programme for the year 2019, for all income tax return forms, with due dates as per the relevant...
GSK & AssociatesApr 1, 20192 minTAX PLANNING for INDIVIDUALSWays to reduce Income Tax for Employees and Service Directors and at the same time Employers gets full deductions of expenses. Out of...
GSK & AssociatesMar 31, 20191 minLHDN - PENALTIES without NOTICEThere are penalties imposed by LHDN without notice or notification, one of it is under Section 107C(9), of the Income Tax Act, 1967....