Tax & Revenue

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No More New Tax for this year, but Reforms - PM

KUALA LUMPUR, Mar 19 (Bernama) - There will be no new tax for this year, except for sugar tax which was announced during the 2019 Budget, Prime Minister Tun Dr Mahathir Mohamad announced today.

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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

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

Customs (Prohibition of Exports) (Amendment) Order 2019

This Order comes into operation on 15 March 2019.
Date: 13 March 2019; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 72 of 2019; Source: AGC Federal Gazette

Customs (Prohibition of Imports) (Amendment) (No. 2) Order 2019

This Order comes into operation on 15 March 2019.
Date: 13 March 2019; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 73 of 2019; Source: AGC Federal Gazette

Customs Duties (Exemption) (Amendment) Order 2019

This Order comes into operation on 14 March 2019.
Date: 13 March 2019; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 74 of 2019; Source: AGC Federal Gazette

Minister Indrawati to change Luxury Vehicle Sales Tax Scheme

Jakarta, Mar 12 (ANTARA) - Finance Minister Sri Mulyani Indrawati plans to change the scheme for imposing Sales Tax on Luxury Goods (PPnBM) for motorized vehicles, including no differentiation between sedans and non-motorized vehicles, and the imposition based on carbon emissions expenditure.
Date: 12 March 2019; Type: Legal News; Source: Antara

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)

No Auditing, Investigation if Taxpayer declares Property under SVDP - IRB

KUALA LUMPUR, Mar 8 (Bernama) - No auditing or investigation will be carried out in future if the taxpayer declares his or her property under the Special Voluntary Disclosure Programme (SVDP).
Date: 08 March 2019; Type: Legal News; Source: Bernama

Income from Singapore is not Taxable - IRB

KUALA LUMPUR, Mar 10 (Bernama) - Income received from employment exercised in Singapore is not liable to tax in Malaysia, says the Inland Revenue Board of Malaysia (IRB).
Date: 10 March 2019; Type: Legal News; Source: Bernama

Customs (Anti-Dumping Duties) Order 2019

This Order has effect for the period of five years from 8 March 2019 to 7 March 2024.
Date: 08 March 2019; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 69 of 2019; Source: AGC Federal Gazette

Tax Exemption on Vehicle Change of Ownership in Langkawi, Labuan - Customs

PUTRAJAYA, March 7 (Bernama) - Vehicles registered in the Duty Free Islands (DFIs) of Langkawi and Labuan are exempted from tax on change of ownership, said Customs Director-General Datuk Seri T. Subromaniam.
Date: 07 March 2019; Type: Legal News; Source: Bernama

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

SM Investments Corporation v Commissioner of Internal Revenue

Date: 04 March 2019; Court: Court of Tax Appeals; Citation: CTA Case No. 9322; Source: Court of Tax Appeals

‘All Media Outlets must pay Tax’

Minister of Information Khieu Kanharith on Friday said Voice of America (VOA) and Radio Free Asia (RFA) would be allowed to reopen their offices only after fulfilling their tax obligations.

Government Offers Massive Tax Break to CSX Firms Double Taxation Accord set to be implemented more

Minister Indrawati to change Luxury Vehicle Sales Tax Scheme

Jakarta, Mar 12 (ANTARA) - Finance Minister Sri Mulyani Indrawati plans to change the scheme for imposing Sales Tax on Luxury Goods (PPnBM) for motorized vehicles, including no differentiation between sedans and non-moto ...

Finance Ministry mulls Income Tax Reduction on Corporate Taxpayers Jimmy DK v Kepala Kantor Pertanahan Kota Medan DK Direktur Jenderal Pajak v PT Perkebunan Milano more

New Decree offers Tax Breaks for Investors in Lao SEZs

Domestic and foreign investors will be granted a number of tax breaks under a new amended decree related to specific and special economic zones (SEZs) issued recently by the government.

Amended Law offers No Exception to VAT Charge Pay Taxes or face Closure, Thousands of Businesses warned Issue of Illegally Imported Cars remains unresolved more

No More New Tax for this year, but Reforms - PM

KUALA LUMPUR, Mar 19 (Bernama) - There will be no new tax for this year, except for sugar tax which was announced during the 2019 Budget, Prime Minister Tun Dr Mahathir Mohamad announced today.

Director’s Liability IRBM's Media Releases and Statutory Order Customs (Prohibition of Exports) (Amendment) Order 2019 more

Parliament to pass Tax Bill to curb Corruption

Parliament is set to pass a tax management bill that is expected to curb corruption and increase revenue, a senior member of a Pyidaungsu Hluttaw (bicameral parliament) committee said on Monday.

More Taxes to be levied on Alcohol, Cigarettes IRD to launch Integrated Tax Administration System Parliament mulls Maintaining Tax Rates to Offset Forex Pressure more

Tax Refunds to only be transferred Electronically

BANGKOK, Jan 25 (PNA) - The Spokesman for the Revenue Department, Pinsai Suraswadi, said the tax refunds in 2018 will only be transferred electronically.

Cabinet approves Return of VAT to Consumers' Debit Accounts Finance Minister: State Welfare Card Holders given 5% VAT Refund Tax Incentive seeks to help Rubber Farmers more

INDUSTRY UPDATES

MAS scores, sets Benchmark for Others

The Monetary Authority of Singapore's (MAS) enforcement report has revealed how it polices the financial markets under its charge, and is a welcome indicator of the greater openness the market has long sought, as the report mainly focused on market abuse, financial services misconduct, and money laundering-related control breaches.

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INDUSTRY UPDATES

PRRD terminates Appointment of GRP Panel Members

MANILA, Mar 20 (PNA) - Malacañang on Wednesday confirmed the termination of the appointments of government peace negotiators with communist rebels "in view of the termination of the peace negotiations" with the Communist Party of the Philippines-New People's Army-National Democratic Front (CPP-NPA-NDF).

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INDUSTRY UPDATES

Malanjum keeping Mum about his Successor

KUALA LUMPUR, Mar 20 (Bernama) - Chief Justice Tan Sri Richard Malanjum, who is due for compulsory retirement in April only smiled broadly and chose to remain secretive when asked about his successor.

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INDUSTRY UPDATES

MP Noh Omar expelled from Dewan Rakyat for Three Days

KUALA LUMPUR, Mar 19 (Bernama) - Tanjung Karang MP Tan Sri Noh Omar has been expelled from the Dewan Rakyat for three days from today.

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INDUSTRY UPDATES

ICC Prosecutors to be deported if they Probe Drug War

MANILA, Mar 18 (PNA) - Prosecutors of the International Criminal Court (ICC), who will enter the Philippines to investigate the Duterte administration’s war on drugs, may be deported, Malacañang said on Monday.

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INDUSTRY UPDATES

Selangor wants tougher Environmental Laws

SHAH ALAM, Mar 17 (Bernama) - The Selangor government wants to enforce more stringent laws to address issues related to environmental pollution in the state, said Menteri Besar Amirudin Shari.

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INDUSTRY UPDATES

Rosmah's Graft Case transferred to High Court

KUALA LUMPUR, Mar 15 (Bernama) - The High Court here today allowed the prosecution's application to transfer from the Sessions Court to the High Court the case involving two graft charges filed against Datin Seri Rosmah Mansor, who is the wife of former Prime Minister Datuk Seri Najib Tun Razak.

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INDUSTRY UPDATES

IBP condemns Slay of another Lawyer in DavNor

MANILA, Mar 14 (PNA) - The Integrated Bar of the Philippines (IBP) on Thursday urged authorities to take action on the latest killing of a lawyer, Rex Jasper Lopoz, who was gunned down last March 13 in front of a shopping mall in Tagum City, Davao del Norte.

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INDUSTRY UPDATES

IPOPHL brings IP-focused MCLE Program to Cebu

MANILA, Mar 14 (PNA) - The Intellectual Property Office of the Philippines (IPOPHL) will be mounting the 2019 edition of the Mandatory Continuing Legal Education (MCLE) this March in Cebu, to expand its education drive and reach out to IP practitioners in the Visayas.

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INDUSTRY UPDATES

ASEAN aims at creating Future Digitally-Skilled Youths

Jakarta, Mar 14 (ANTARA) - Seven ASEAN member states, through the ASEAN Digital Innovation Programme initiated by the ASEAN Foundation in collaboration with Microsoft, aim to create digitally-skilled youths prepared to tackle challenges of the digital workspace in future.

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INDUSTRY UPDATES

Tanintharyi Landholders sued under New Law

Local government officials and companies are already using the recently amended land law to remove villagers from disputed land, according to lawyers in southern Myanmar.

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INDUSTRY UPDATES

SC to facilitate Greater Investor Inclusiveness

KUALA LUMPUR, March 14 (Bernama) - Opening local corporate bonds and sukuk to retail investors who meet the requirements set are among the steps taken by the Securities Commission Malaysia (SC) to promote investors inclusiveness in the local market.

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INDUSTRY UPDATES

SC aims Further Expansion of Islamic Capital Market, says Chairman

KUALA LUMPUR, March 14 (Bernama) - The Securities Commission (SC), the regulatory body of the capital market, aim to foster growth that is premised on long-term value creation by intensifying efforts to further expand the Islamic capital market as well as the closely-linked sustainable finance segment.

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INDUSTRY UPDATES

National E-Document Exchange Platform launched

Hanoi, Mar 12 (VNA) - The Government Office held a ceremony in Hanoi on March 12 to launch the National E-Document Exchange Platform, a move towards a digital government and economy.

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INDUSTRY UPDATES

Cabinet approves 5Bn Baht Agro Subsidies

BANGKOK, Mar 13 (NNT) - The weekly Cabinet meeting has allocated another five billion baht to support rice agriculture during the current production year.

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INDUSTRY UPDATES

CJ seeks to remove Parts of Hamid Sultan's Affidavit

KUALA LUMPUR, Mar 13 (Bernama) - Chief Justice Tan Sri Richard Malanjum today filed an application to remove parts of the supporting affidavit filed Court of Appeal Judge Datuk Dr Hamid Sultan Abu Backer in the lawsuit by the late Karpal Singh’s daughter, claiming that it was outrageous, insulting and an attack to the Judiciary.

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INDUSTRY UPDATES

Up to PM to shortlist Candidates for CJ's Post - Liew

KUALA LUMPUR, Mar 12 (Bernama) - The Law Minister in the Prime Minister’s Department Datuk Liew Vui Keong today said that he has no information about the candidates shortlisted to be appointed as the new Chief Justice to replace Tan Sri Richard Malanjum who will retire from the post next month.

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INDUSTRY UPDATES

Sabah helps Children without Documents through Legalization Program

KOTA KINABALU, Mar 12 (Bernama) - Children born in Sabah and categorised as foreigners even though one of their parents were local residents, will be given aid through a legalisation programme which will ensure a better future for them.

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