Latest News & Blogs

GSK & Associates

Oct 9, 20232 min read

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 read

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 12, 20232 min read

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

Mar 12, 20232 min read

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 read

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 14, 20227 min read

Budget 2022 - Key Tax Changes in Malaysia

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

GSK & Associates

May 26, 20212 min read

Late filing of Income Tax Returns (ITRF) - New Penalty Rates

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

GSK & Associates

Feb 7, 20216 min read

Income Tax, SST, RPGT and Stamp Duty - Exemptions Malaysia - COVID-19 Measures, includes Budget 2022

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

GSK & Associates

Nov 22, 20203 min read

Restriction on Deductibility of Interest - Section 140C

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

GSK & Associates

Nov 16, 20204 min read

Changes 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.