Tuesday, 23 January 2018
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malaysia - Tax & Revenue

Customs Identify over 5,000 Firms cheating on GST

PUTRAJAYA, Jan 20 (Bernama) - The Royal Malaysian Customs Department (JKDM) has identified more than 5,000 companies involved in fraud over payments of the Goods and Services Tax (GST) since it was implemented on April 1, 2015.
Date: 20 January 2018; Type: Legal News; Source: Bernama

Government launches Register of Property Managers

KUALA LUMPUR, Jan 11 (Bernama) - The Ministry of Urban Wellbeing, Housing and Local Government has launched the Register of Property Managers with an amendment of Act 242 Valuers, Appraisers and Estate Agents Act, 1981, gazetted on Oct 17, 2017. Its Minister, Tan Sri Noh Omar said the amendment effectively brings the practice of property manag ...
Date: 11 January 2018; Type: Legal News; Source: Bernama

CPO Export Tax Suspension to benefit Plantation Companies

KUALA LUMPUR, Jan 9 (Bernama) - The government's decision to suspend the Crude Palm Oil (CPO) export tax for three months is expected to benefit plantation companies with significant upstream operations and strengthen commodity prices in the first quarter of the year.
Date: 09 January 2018; Type: Tax News; Source: Bernama

IRBM provides Procedure for filing Tax Return Form for 2018

PUTRAJAYA, Jan 3 (Bernama) - The Inland Revenue Board of Malaysia (IRBM) has uploaded the procedure for filing the Income Tax Return Form (ITRF) for the year 2018 as a reference and preparation for taxpayers to submit tax returns this year.
Date: 03 January 2018; Type: Tax News; Source: Bernama

Labuan Business Activity Tax (Amendment) (No. 2) Act 2017

This Act amends Section 21 of the Labuan Business Activity Tax Act 1990.
Date: 29 December 2017; Type: Federal Amendment Act; Citation: Act A1555 of 2017; Source: AGC Federal Gazette

Income Tax (Amendment) Act 2017

This Act seeks to amend sections 112A, 113A and 119B of the Income Tax Act 1967.
Date: 29 December 2017; Type: Federal Amendment Act; Citation: Act A1556 of 2017; Source: AGC Federal Gazette

Goods and Services Tax (Amendment) Regulations 2017

Except for Regulation 4 of the Goods and Services Tax (Amendment) Regulations 2017, these Regulations come into operation on 1 January 2018. Regulation 4 comes into operation on 1 October 2018.
Date: 29 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 446 of 2017; Source: AGC Federal Gazette

Goods and Services Tax (Relief) (Amendment) (No. 2) Order 2017

Under the Goods and Services Tax (Relief) (Amendment) (No. 2) Order 2017, Paragraph 2 and subsubparagraphs 3(a) and (c) come into operation on 1 January 2018, whereas Subsubparagraph 3(b) comes into operation on 1 October 2018.
Date: 29 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 447 of 2017; Source: AGC Federal Gazette

Excise Duties (Exemption) Order 2017

This Order comes into operation on 3 January 2018.
Date: 29 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 444 of 2017; Source: AGC Federal Gazette

Income Tax (Advance Pricing Arrangement) (Amendment) Rules 2017

These Rules come into operation on 1 January 2018.
Date: 29 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 449 of 2017; Source: AGC Federal Gazette

Customs Duties (Exemption) Order 2017

This Order comes into operation on 3 January 2018.
Date: 29 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 445 of 2017; Source: AGC Federal Gazette

Goods and Services Tax (Exempt Supply) (Amendment) (No. 2) Order 2017

This Order comes into operation on 1 January 2018.
Date: 28 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 421 of 2017; Source: AGC Federal Gazette

Goods and Services Tax (Zero-Rated Supply) (Amendment) (No. 3) Order 2017

This Order comes into operation on 1 January 2018.
Date: 28 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 422 of 2017; Source: AGC Federal Gazette

Income Tax (Deduction from Remuneration) (Amendment) Rules 2017

These Rules come into operation on 1 January 2018.
Date: 27 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 420 of 2017; Source: AGC Federal Gazette

Stamp Duty (Exemption) (No. 5) 2013 (Amendment) Order 2017

This Order comes into operation on 1 January 2018.
Date: 27 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 414 of 2017; Source: AGC Federal Gazette

Income Tax (Exemption) (No. 12) 2016 (Amendment) Order 2017

Under this Order, the Minister amends paragraph 1 of the Income Tax (Exemption) (No. 12) Order 2016.
Date: 27 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 413 of 2017; Source: AGC Federal Gazette

Lembaga Pembangunan Industri Pembinaan Malaysia (Imposition of Levy) Order 2017

This Order has effect for the period from 1 January 2018 to 31 December 2019.
Date: 27 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 418 of 2017; Source: AGC Federal Gazette

Income Tax (Exemption) (No. 11) 2016 (Amendment) Order 2017

Under this Order, the Minister amends paragraph 1 of the Income Tax (Exemption) (No. 11) Order 2016.
Date: 27 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 412 of 2017; Source: AGC Federal Gazette

Income Tax (Country-by-Country Reporting) (Amendment) Rules 2017

Under these Rules, the Minister amends the Income Tax (Country-by-Country Reporting) Rules 2017.      
Date: 27 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 416 of 2017; Source: AGC Federal Gazette

Income Tax (Exemption) (No. 3) 2014 (Amendment) Order 2017

This Order comes into operation on 1 January 2018.
Date: 27 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 411 of 2017; Source: AGC Federal Gazette

Industry Updates

Government to intensify Efforts to help Entrepreneurs digitize Business

ALOR SETAR, Jan 21 (Bernama) - The government will intensify efforts to help local entrepreneurs digitise their businesses to increase income, said Deputy Finance Minister 1, Datuk Wira Othman Aziz.

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Relocation of Industrial Court of Malaysia

The Industrial Court of Malaysia have been relocated to Level 14, Wisma PERKESO, No 155 Jalan Tun Razak, 50400 Kuala Lumpur; Tel No: 03-9236 5000; Fax No: 03-2681 0100.

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Property Lawyer faces 34 Money Laundering Charges

PETALING JAYA, Jan 19 (Bernama) - A property lawyer was charged in two separate Sessions Courts here today with 34 counts of money laundering involving RM6,870,872.15, two years ago.

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IRB develops Mobile Application to check on BR1M Status

PUTRAJAYA, Jan 18 (Bernama) - The Inland Revenue Board of Malaysia (IRB) has developed the 1Malaysia People's Aid (BR1M) mobile application to check the status of their BR1M application, payment, and appeal.

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Jailed Ex-property Lawyer faces another CBT Charge

KUALA LUMPUR, Jan 18 (Bernama) - A former property lawyer who is serving a five-year jail sentence at Kajang Prison in Selangor for criminal breach of trust (CBT) was brought to the Sessions Court here today, charged with a similar offence, involving sale and purchase of a house amounting to RM59,550.71.

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Lawyer Charged with fraudulently withdrawing Money from Account of Client

KUALA LUMPUR, Jan 17 (Bernama) - A lawyer pleaded not guilty in the Magistrate's Court here today to a charge of fraudulently withdrawing over RM4 million from his firm's client account, six years ago.

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ACCA appoints New Malaysia Country Head

KUALA LUMPUR, Jan 16 (Bernama) - The Association of Chartered Certified Accountants (ACCA) has appointed Edward Ling as the Malaysia Country Head with immediate effect.

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Establishment of Special Court on Human Trafficking

KUALA LUMPUR, Jan 13 - The Human Rights Commission of Malaysia (SUHAKAM) has welcomed the announcement by the Chief Justice of Malaysia Tun Md Raus Sharif that a special court will be established to hear human trafficking cases with the intention of speedily disposing of such cases.

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Laos, Myanmar vow to cement Ties, sign Three Cooperation Deals

The governments of Laos and Myanmar agreed yesterday to enhance bilateral ties and cooperation during Prime Minister Thongloun Sisoulith’s official visit to the country.

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MyGDX, Government Agency Information-Sharing Platform launched

PUTRAJAYA, Jan 15 (Bernama) - The Malaysian Administrative Modernisation and Management Planning Unit (Mampu) has introduced MyGDX application or the Malaysia Government Central Data Exchange, an information-sharing platform which provides data brokerage service for information often referred by agencies in serving their customers.

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Beware of Bogus Customs Officers - JKDM

ISKANDAR PUTERI, Jan 14 (Bernama) - The Royal Malaysian Customs Department warned the public to be wary of individuals claiming to be their officers out to collect the Goods and Services Tax (GST).

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