malaysia - Tax & Revenue - Notices & Directives

GST Guide on Declaration and Adjustment after 1st September 2018

This guide is to assist businesses in understanding matters with regards to the tax adjustments and declaration after the repeal of Goods and Services Tax Act 2014 (GSTA) on 1st September 2018.
Date: 19 April 2019; Type: Guide; Source: Malaysia Sales & Service Tax (SST)

Sales Tax Guide on Sales Tax Deduction Facility

The Guide on Sales Tax Deduction Facility is provided to assist registered manufacturers in understanding the implementation of the Sales Tax Deduction (formerly known as Credit System during the SST 1.0 era) beginning 1 January 2019.
Date: 19 April 2019; Type: Guide; Source: Malaysia Sales & Service Tax (SST)

GST Guide on Tax Invoice, Debit Note, Credit Note and Retention Payment after 1st September 2018

This guide is prepared to assist businesses in understanding matters with regards to the liability of Good and Services Tax (GST) on the issuance of tax invoice, debit note, credit note and GST treatment on retention payment after the repeal of Goods and Services Tax Act 2014 (GSTA) effective 1st September 2018.
Date: 19 April 2019; Type: Guide; Source: Malaysia Sales & Service Tax (SST)

Expression of Interest for Members of Working Groups Established by the Digital Technology Implementation Committee

This is to notify that Malaysian Institute of Accountants (MIA) has launched the MIA's Digital Technology Blueprint: Preparing the Malaysian Accountancy Profession for the Digital World in July 2018. Subsequently, the Digital Technology Implementation Committee (DT IC) was established by the Institute to drive the implementation of this B ...
Date: 27 March 2019; Type: Circular; Source: Malaysian Institute of Accountants

RMCD's Announcement, Statutory Order and IRBM's Media Release

This is to notify the various announcements, Statutory Orders and Inland Revenue Board of Malaysia's (IRBM) media releases made available by the Royal Malaysian Customs Department (RMCD). Circular No. 38/2019
Date: 27 March 2019; Type: Circular; Source: Malaysian Institute of Accountants

Joint Tax Working Group on Malaysian Financial Reporting Standards

This is to notify that the draft Discussion Paper on the major tax implications related to the implementation of the Malaysian Financial Reporting Standards (MFRS) 15 Revenue from Contracts with Customers is available for comment by 3 April 2019. Circular No. 35/2019
Date: 22 March 2019; Type: Circular; Source: Malaysian Institute of Accountants

RMCD’s Announcement, Public Ruling No 2/2019 and Statutory Orders

This is to notify the various Royal Malaysian Customs Department (RMCD) announcements and Statutory Orders. Circular No. 32/2019
Date: 20 March 2019; Type: Circular; Source: Malaysian Institute of Accountants

Director’s Liability

The objective of this Public Ruling is to explain the liabilities of a company director in respect of the company’s tax i.e. any tax that is due and payable by a company and any debt that is due and payable by the company as an employer in relation to tax deductions from emoluments and pensions under the Monthly Tax Deduction. Public Rul ...
Date: 14 March 2019; Type: Rule; Source: Inland Revenue Board

Malaysian Investment Development Authority's (MIDA) Newsletters and Service Tax Related Matters

This is to notify that MIDA's Newsletters relating to Service Tax matters is made available to all accountants. Circular No. 30/2019
Date: 13 March 2019; Type: Circular; Source: Malaysian Institute of Accountants

IRBM's Media Releases and Statutory Order

This is to inform all accountants that various media releases have been published by the Inland Revenue Board of Malaysia (IRBM) relating to Income Tax. Circular No. 31/2019
Date: 13 March 2019; Type: Circular; Source: Malaysian Institute of Accountants

Sales Tax Guide on Sales Tax Deduction Facility

The Guide on Sales Tax Deduction Facility is provided to assist a registered manufacturer in understanding the implementation of the sales tax deduction (formerly known as the Credit System) beginning 1 January 2019.
Date: 13 January 2019; Type: Guide; Source: Malaysia Sales & Service Tax (SST)

Service Tax Guide on Customs Agent Services

The Guide is prepared to assist in understanding the Service Tax treatment on customs agent services.
Date: 05 March 2019; Type: Guide; Source: Malaysia Sales & Service Tax (SST)

Service Tax Industry Guide Issued by the RMCD for Broking and Underwriting Services

This is to notify all accountants that the Royal Malaysian Customs Department has issued the industry guide for Broking and Underwriting Services. Circular No. 24/2019
Date: 06 March 2019; Type: Circular; Source: Malaysian Institute of Accountants

Service Tax Guide on Broking and Underwriting Services

The Guide is prepared to assist you in understanding the service tax treatment on the provision of broking and underwriting services. Effective 1 January 2019, under Group I, item 12, First Schedule of the Service Tax Regulations 2018, the provision of broking and underwriting services under prescribed circumstances are subject to se ...
Date: 27 February 2019; Type: Guide; Source: Malaysia Sales & Service Tax (SST)

Latest Announcement of Sales and Service Tax Related Matters

This is to notify the various announcements relating to Sales and Service Tax Related Matters. Circular No. 20/2019
Date: 27 February 2019; Type: Circular; Source: Malaysian Institute of Accountants

Recent Statutory Orders Gazetted in Relation to Income Tax Act 1967 and Stamp Act 1949

This is to notify the various statutory orders relating to the Income Tax Act 1967 which have been recently gazetted. Circular No. 21/2019
Date: 27 February 2019; Type: Circular; Source: Malaysian Institute of Accountants

IRBM Issues Letters and E-mails to Further Explain the Special Voluntary Disclosure Programme

The Inland Revenue Board of Malaysia (IRBM) is in the midst of sending letters and e-mails to registered taxpayers to provide an explanation on the Special Voluntary Disclosure Programme (SVDP) offered by the government.
Date: 27 February 2019; Type: Press Release; Source: Inland Revenue Board

Professional Indemnity Insurance

The objective of this Public Ruling is to explain the deductibility of premium paid for a Professional Indemnity Insurance (PII) policy, and the tax treatment on insurance proceeds received and compensation paid in relation to a PII policy. Public Ruling No. 1/2019
Date: 18 February 2019; Type: Rule; Source: Inland Revenue Board

Notification of Direct Tax Related Matters No. 1, February 2019

This is to notify that the Inland Revenue Board of Malaysia (IRBM) has made available various notifications related to Direct Tax Matters. Circular No. 15/2019
Date: 13 February 2019; Type: Circular; Source: Malaysian Institute of Accountants

General Guide on Sales Tax

This General Guide on Sales Tax is a part of a series of educational materials made available to help businesses prepare for the implementation of sales tax in Malaysia.
Date: 18 January 2019; Type: Guide; Source: Malaysia Sales & Service Tax (SST)

INDUSTRY UPDATES

Guidebook on Parliamentary Constituencies launched

KUALA LUMPUR, Jul 17 (Bernama) - Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof today launched Wakil Kita di Parlimen, a 228-page guidebook containing relevant information on all the 222 parliamentary constituencies.

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INDUSTRY UPDATES

Students among Plaintiffs in Lawsuit over Sungai Kim Kim Pollution

JOHOR BAHRU, Jul 17 (Bernama) - Thirty-four students are among 171 individuals who are suing the Johor state government, Menteri Besar Datuk Osman Sapian and 10 others over the pollution in Sungai Kim Kim near Pasir Gudang last March.

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INDUSTRY UPDATES

Chief Justice heads Penang Honours List

GEORGE TOWN, Jul 12 (Bernama) - Chief Justice Datuk Tengku Maimun Tuan Mat heads the list of 877 recipients of state honours and honorary medals in conjunction with the 81st birthday of the Yang Dipertua Negeri of Penang Tun Abdul Rahman Abbas.

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INDUSTRY UPDATES

Prosecution failed to serve Summons on Shahrizat's Children, Court sets new Mention Date

KUALA LUMPUR, Jul 12 (Bernama) - The Sessions Court here today set Aug 5 for mention of a lawsuit filed by the Companies Commission of Malaysia (CCM) against two children of former Women, Family and Community Development Minister Tan Sri Shahrizat Abdul Jalil in connection with several offences allegedly committed by their company.

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INDUSTRY UPDATES

Bill to increase Sabah State Seats to be tabled on July 17

KOTA KINABALU, Jul 11 (Bernama) - Sabah Chief Minister Datuk Seri Mohd Shafie Apdal is confident the Bill for the additional 13 seats, to increase the number of state seats from 60 to 73, will be approved when it is tabled in Parliament on July 17.

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INDUSTRY UPDATES

IRB records 486,360 Cases of Voluntary Tax Declaration

KUALA LUMPUR, Jul 8 (Bernama) - The Inland Revenue Board of Malaysia (IRB) has recorded 486,360 cases of voluntary tax declaration under the special voluntary declaration programme (PKPS) as of June 23.

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INDUSTRY UPDATES

Sugar Tax: SME Traders can file Postponement Appeal

PARIT BUNTAR, Jul 7 (Bernama) - Small and Medium Enterprise (SME) traders affected by the sugar tax on sweetened drinks which came into effect this month, can file a postponement appeal to the relevant authorities.

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INDUSTRY UPDATES

Sarawak Government has not Officially responded on the RM1 Loan Offer - MOF

KUALA LUMPUR, Jul 6 (Bernama) - The Sarawak state government has yet to provide any official feedback to the Federal government on the proposed loan offer, amounting to RM1 billion, which will be allocated for repairs of dilapidated schools in the state.

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INDUSTRY UPDATES

Government offers Tax Incentives, grants to boost Participation in Expo 2020 Dubai

PUTRAJAYA, Jul 5 (Bernama) - The government has approved tax incentives and grants to encourage potential participating and contributing companies in the upcoming Expo 2020 Dubai.

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INDUSTRY UPDATES

Airbnb wants clearer Guideline on Tourism Tax

KUALA LUMPUR, Jul 2 (Bernama) -- Online hospitality service brokerage company, Airbnb Inc urged the government to provide a clearer guideline on tourism tax for its type of business.

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INDUSTRY UPDATES

CUEPAC urges Government to review Minimum Wage

KUALA TERENGGANU, Jun 30 (Bernama) - The Congress of Unions of Employees in the Public and Civil Services (CUEPACS) has urged the government to review the minimum wage in an effort to reduce the people’s cost of living.

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INDUSTRY UPDATES

MITI calls SMEs to sign up for IR4.0 Assessment

GEORGE TOWN, Jun 28 (Bernama) - The Ministry of International Trade and Industry (MITI) is encouraging small and medium-sized enterprises (SMEs) in the manufacturing sector to sign up for the National Policy on Industry 4.0 Readiness Assessment (Industry4WRD-RA).

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INDUSTRY UPDATES

Lawyer Shafee's Money-Laundering trial moved to March Next Year

KUALA LUMPUR, Jun 27 (Bernama) - The trial of prominent lawyer Tan Sri Muhammad Shafee Abdullah, who is facing two counts of money laundering charges involving RM9.5 million he allegedly received from former prime minister Datuk Seri Najib Tun Razak, and two charges of making false statements to the Inland Revenue Board (IRB), has been moved to March next year.

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INDUSTRY UPDATES

Government plans to build New Shah Alam Court Complex - Liew

SHAH ALAM, Jun 24 (Bernama) - The government plans to build a new Court Complex in Shah Alam to replace the existing building, said Minister in the Prime Minister’s Department Datuk Liew Vui Keong.

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INDUSTRY UPDATES

Niosh offers free needs Analyses for Sabah and Labuan Workplaces

KOTA KINABALU, Jun 24 (Bernama) - The National Institute of Occupational Safety and Health (NIOSH) stands ready to conduct free needs analyses of workplace safety for organisations in Sabah and the Federal Territory of Labuan, with the aim of identifying appropriate training required.

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