malaysia - Tax & Revenue

Income from Paid Reviews, Brand Endorsement taxable: IRB

KUALA LUMPUR, Jan 17 (Bernama) - Internet celebrities and other individuals - including minors - who earn income from paid reviews, brand endorsements and businesses conducted via the social media are subject to income tax, if they earn more than RM5,000 a month.
Date: 17 January 2019; Type: Legal News; Source: Bernama

False Claims for GST Refund: Businessman slapped Additional 224 Charges

IPOH, Jan 15 (Bernama) - A businessman who is already facing 22 charges of making false claims on Goods and Services Tax refunds amounting to more than RM1 million, was slapped with 224 additional charges of the same in the Sessions Court here today.
Date: 15 January 2019; Type: Legal News; Source: Bernama

IRB to scrutinize e-Commerce Businesses, Social Media

KUALA LUMPUR, Jan 14 (Bernama) - The Inland Revenue Board (IRB) will look deeper into e-commerce businesses, including businesses leveraging on social media platforms, to collect information on misreported asset declarations, said chief executive officer Datuk Seri Sabin Samitah.
Date: 14 January 2019; Type: Legal News; Source: Bernama

Tourism Tax Revenue to be distributed to State Governments in Q1 - Lim

KUALA LUMPUR, Jan 7 (Bernama) - The federal government will distribute the 50 per cent tourism tax revenue to state governments in the first quarter (Q1) of 2019, says Finance Minister Lim Guan Eng.
Date: 07 January 2019; Type: Industry Updates; Source: Bernama

Service Tax Amendments 2019

This is to notify the amendments to Service Tax Treatment effective from 1st of January 2019.
Date: 31 December 2018; Type: Circular; Source: Malaysia Sales & Service Tax (SST)

Real Property Gains Tax (Exemption) Order 2018

This Order is deemed to have come into operation on 1 January 2010.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 368 of 2018; Source: AGC Federal Gazette

Real Property Gains Tax (Exemption) (No. 2) Order 2018

This Order is deemed to have come into operation on 1 January 2010.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 369 of 2018; Source: AGC Federal Gazette

Real Property Gains Tax (Exemption) (No. 3) Order 2018

This Order comes into operation on 1 January 2019.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 372 of 2018; Source: AGC Federal Gazette

Service Tax (Customs Ruling) (Amendment) Regulations 2018

These Regulations come into operation on 1 January 2019.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 373 of 2018; Source: AGC Federal Gazette

Income Tax (Deductions Not Allowed for Payment Made to Labuan Company by Resident) Rules 2018

These Rules comes into operation on 1 January 2019.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 375 of 2018; Source: AGC Federal Gazette

Stamp Duty (Remission) (No. 2) Order 2018

This Order comes into operation on 1 January 2019.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 376 of 2018; Source: AGC Federal Gazette

Stamp Duty (Exemption) (No. 6) Order 2018

This Order comes into operation on 1 January 2019.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 377 of 2018; Source: AGC Federal Gazette

Stamp Duty (Exemption) (No. 7) Order 2018

This Order comes into operation on 1 January 2019.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 378 of 2018; Source: AGC Federal Gazette

Customs Duties (Amendment) (No. 3) Order 2018

This Order comes into operation on 1 January 2019.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 379 of 2018; Source: AGC Federal Gazette

Service Tax (Persons Exempted from Payment of Tax) Order 2018

This Order comes into operation on 1 January 2019.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 380 of 2018; Source: AGC Federal Gazette

Income Tax (Requirements for Insurer Carrying on Re-Insurance Business) Rules 2018

These Rules have effect from the year of assessment 2019.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 383 of 2018; Source: AGC Federal Gazette

Income Tax (Requirements for Takaful Operator Carrying on Re-Takaful Business) Rules 2018

These Rules have effect from the year of assessment 2019.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 384 of 2018; Source: AGC Federal Gazette

Stamp Duty (Exemption) (No. 8) Order 2018

This Order is deemed to have effect from 20 November 2012.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 397 of 2018; Source: AGC Federal Gazette

Sales Tax (Imposition of Sales Tax in Respect of Special Areas) (Amendment) Order 2018

This Order comes into operation on 1 January 2019.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 401 of 2018; Source: AGC Federal Gazette

Sales Tax (Customs Ruling) (Amendment) Regulations 2018

These Regulations come into operation on 1 January 2019.
Date: 31 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 402 of 2018; Source: AGC Federal Gazette

INDUSTRY UPDATES

White Paper on Defence to be tabled in Parliament this Year

KOTA KINABALU, Jan 17 (BERNAMA) - The Ministry of Defence will table a White Paper on Defence which will detail the tasks and roles of the Malaysian Armed Forces, said Defence Deputy Minister Senator Liew Chin Tong.

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INDUSTRY UPDATES

Chief Justice calls for Government Audit on Rights of Indigenous People

KOTA KINABALU, Jan 17 (Bernama) - Chief Justice Tan Sri Richard Malanjum today proposed that the government conduct an audit on the rights of the indigenous people to ensure that they are in line with the United Nations declaration.

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INDUSTRY UPDATES

Complaint Boxes for Iskandar Puteri Schools to tackle Crimes

ISKANDAR PUTERI, Jan 14 (Bernama) - The Iskandar Puteri District police have suggested for the district’s schools to provide boxes for information or complaints to tackle various crimes involving students.

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INDUSTRY UPDATES

Tax Amnesty Programme aims to reduce People's Burden, says IRB

KUALA LUMPUR, Jan 14 (Bernama) - The Special Voluntary Disclosure Programme (SVDP) is a clear indication of the government's desire to reduce the burden of the people through taxation, Inland Revenue Board (IRB) chief executive officer Datuk Seri Sabin Samitah said.

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INDUSTRY UPDATES

Tengku Abdullah to be proclaimed as New Sultan of Pahang on January 15

PEKAN, Jan 12 (Bernama) - The Regent of Pahang Tengku Abdullah Sultan Ahmad Shah will be proclaimed as the sixth Sultan of Pahang, succeeding Sultan Ahmad Shah, on Jan 15.

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INDUSTRY UPDATES

Judges, Judicial Officers receive DoJ Training not due to High Profile Cases - CJ

PUTRAJAYA, Jan 11 (Bernama) - Chief Justice Tan Sri Richard Malanjum explained that the training of Malaysian judges and judicial officers by the United States Department of Justice (DOJ) was not due to the high profile money laundering cases, such as the ones involving former Prime Minister Datuk Seri Najib Tun Razak.

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INDUSTRY UPDATES

Adapt Technology and Work from anywhere, CJ tells Lawyers

PUTRAJAYA, Jan 11 (Bernama) - With the tagline ‘Now Anywhere Can Work’, lawyers can now deal with their cases from anywhere through the use of technology introduced by the judiciary in order to have an efficient court system, said Chief Justice Tan Sri Richard Malanjum today.

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INDUSTRY UPDATES

Malaysian Bar will continue to voice Concerns over use of Oppressive Laws - President

PUTRAJAYA, Jan 11 (Bernama) - The Malaysian Bar will continue to voice its concerns on the continued use of oppressive laws, said its president George Varughese.

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INDUSTRY UPDATES

Full Force of the Law to be applied to Wrongdoers, says AG

PUTRAJAYA, Jan 11 (Bernama) - Attorney-General Tommy Thomas said today the full force of the law would be applied to wrongdoers.

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INDUSTRY UPDATES

Matrade appoints Halim Mohamad as Chairman

KUALA LUMPUR, Jan 11 (Bernama) - Malaysia External Trade Development Corporation (Matrade) has appointed Tan Sri Halim Mohammad as its seventh chairman, effective Jan 1, 2019.

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INDUSTRY UPDATES

Rizal granted Permission to transfer Corruption Case to High Court

KUALA LUMPUR, Jan 9 (Bernama) - The case of former special officer to the former Prime Minister, Datuk Rizal Mansor, who faces four corruption charges involving a solar hybrid system project for rural schools in Sarawak will be heard in the High Court.

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INDUSTRY UPDATES

Kamis Samin is new Chief Administrator of Parliament

KUALA LUMPUR, Jan 7 (Bernama) - Prime Minister’s Department Ceremonial and International Conference Secretariat Division secretary Datuk Kamis Samin has been appointed as the new Chief Administrator of Parliament, effective today.

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INDUSTRY UPDATES

Ku Nan's Case to be tried in High Court

KUALA LUMPUR, Jan 7 (Bernama) - The case of former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor, who is facing two charges of receiving bribes totalling RM3 million, over the approval of an application by a company to raise the development related ratio in Jalan Semarak Kuala Lumpur, will be tried in the High Court.

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INDUSTRY UPDATES

No Bail for former Goldman Sachs Banker Roger Ng

KUALA LUMPUR, Jan 7 (Bernama) - Former Goldman Sachs banker Roger Ng will remain in prison after the Sessions Court here today dismissed his application to be released on bail pending his extradition proceedings to the United States to face three criminal charges relating to 1Malaysia Development Berhad (1MDB).

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INDUSTRY UPDATES

SC appoints Ong as Executive Director effective January 4

KUALA LUMPUR, Jan 7 (Bernama) - The Securities Commission Malaysia (SC) has appointed Ong Liang Heng as executive director in the chairman's office, effective Jan 4.

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