Tax & Revenue

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CTA stresses Discretionary Power of Revenue Agency to abate Taxes

MANILA, May 20 (PNA) - A ruling by the Court of Tax Appeals (CTA) en banc has stressed revenue officials' discretionary power to abate a tax liability under certain circumstances.

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Income Tax imposed According to procedures, record - IRB

JITRA, Apr 27 (Bernama) - The Inland Revenue Board (IRB) imposes income tax on each individual according to procedures and information available to the agency, said IRB’s deputy chief executive officer (Compliance), Datuk Abdul Manap Dim. He said that if taxpayers were dissatisfied with the tax imposed, they had room to protest and seek ...
Date: 27 April 2019; Type: Legal News; Source: Bernama

Income Tax (Deduction for Expenditure on Issuance of Retail Debenture and Retail Sukuk) Rules 2019

These Rules have effect for the years of assessment 2019 and 2020.
Date: 25 April 2019; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 117 of 2019; Source: AGC Federal Gazette

Income Tax (Deduction for Expenditure on Issuance of Sukuk) Rules 2019

These Rules have effect for the years of assessment 2019 and 2020.
Date: 25 April 2019; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 118 of 2019; Source: AGC Federal Gazette

HSBC Institutional Trust Services (Singapore) Ltd (trustee of Capitaland Mall Trust) v Chief Assessor

Revenue Law - Property tax - Annual value; Revenue Law - Property tax - Valuation list; Evidence - Proof of evidence - Onus of proof

Date: 16 April 2019; Court: High Court; Citation: [2019] SGHC 95; Source: Singapore Law Watch

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)

GST: Transfer of Business as a Going Concern and Other Excluded Transactions (Third Edition)

This e-Tax Guide explains and provides examples of transactions that are regarded as neither a supply of goods nor services and hence are not subject to GST.
Date: 22 April 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

Zenaida N Valencia and 4 Others v People of the Philippines

Date: 04 April 2019; Court: Court of Tax Appeals; Citation: CTA EB Crim No. 042; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Saturn Holdings Corporation

Date: 04 April 2019; Court: Court of Tax Appeals; Citation: CTA EB No. 1747; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Island Quarry and Aggregates Corporation

Date: 05 April 2019; Court: Court of Tax Appeals; Citation: CTA EB No. 1750; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Sabre Travel Network

Date: 08 April 2019; Court: Court of Tax Appeals; Citation: CTA EB No. 1806; Source: Court of Tax Appeals

Kodec Precision Inc v Commissioner of Internal Revenue

Date: 08 April 2019; Court: Court of Tax Appeals; Citation: CTA EB No. 1762; Source: Court of Tax Appeals

Hedcor Inc v Commissioner of Internal Revenue

Date: 08 April 2019; Court: Court of Tax Appeals; Citation: CTA EB No. 1761; 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

Cabinet approves Tax Law changes

The Lao government will propose changes to the Law on Tax as it looks for new ways and mechanisms to collect revenue more effectively.

New Decree offers Tax Breaks for Investors in Lao SEZs Amended Law offers No Exception to VAT Charge Pay Taxes or face Closure, Thousands of Businesses warned more

Income Tax imposed According to procedures, record - IRB

JITRA, Apr 27 (Bernama) - The Inland Revenue Board (IRB) imposes income tax on each individual according to procedures and information available to the agency, said IRB’s deputy chief executive officer (Compliance) ...

Income Tax (Deduction for Expenditure on Issuance of Retail Debenture and Retail Sukuk) Rules 2019 Income Tax (Deduction for Expenditure on Issuance of Sukuk) Rules 2019 GST Guide on Declaration and Adjustment after 1st September 2018 more

Commercial Tax on Mobile Handsets to be levied

Consumers will have to pay a 5 percent commercial tax when buying mobile handsets and related accessories from June 1 onwards, the Internal Revenue Department (IRD) announced on April 1.

Parliament to pass Tax Bill to curb Corruption More Taxes to be levied on Alcohol, Cigarettes IRD to launch Integrated Tax Administration System 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

No Freeze in Intake of Foreign Workers - Ministry

KUALA LUMPUR, May 18 (Bernama) - The Human Resources Ministry has clarified that there is no freeze in the recruitment of foreign workers although many applications to bring in workers have been rejected for non-compliance with the law.

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INDUSTRY UPDATES

Actions against those who tarnish Judiciary's Image, Dignity, says CJ

PUTRAJAYA, May 17 (Bernama) - Actions will be taken against those who tarnish the judiciary's image and dignity, says Chief Justice Datuk Tengku Maimun Tuan Mat.

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INDUSTRY UPDATES

Right Decisions only Way for Judiciary to recover Glory - Attorney General

PUTRAJAYA, May 17 (Bernama) - Attorney-General Tommy Thomas says judges must always endeavour to make the right decisions, without fear or favour, and regardless of the personality of the party or the accused before them.

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INDUSTRY UPDATES

Transport Ministry makes it More Flexible for e-hailing Drivers to obtain PSV Licence

KUALA LUMPUR, May 17 (Bernama) - The Ministry of Transport is willing to make it easier for e-hailing drivers to clock in the six hours of course time to obtain a Public Transport Vehicle (PSV) licence.

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INDUSTRY UPDATES

RM1.56 Mln Fine on Poachers, highest so far for Wildlife Crimes

PUTRAJAYA, May 17 (Bernama) - The Kuala Terengganu Sessions Court's decision to fine RM1.56 million each on two Vietnamese poachers has been the highest amount so far for wildlife crimes in the country's history, said Water, Land and Natural Resources Minister Dr Xavier Jayakumar.

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INDUSTRY UPDATES

Delegation of Lawmakers visit Netherlands

Hanoi, May 15 (VNA) - A delegation of the National Assembly’s Committee on Laws led by the committee’s vice chairman Pham Tri Thuc has just paid a working visit to the Netherlands.

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INDUSTRY UPDATES

Adib Inquest: Lawyer grills Forensics Expert on 'Probability Report'

SHAH ALAM, May 16 (Bernama) - A lawyer questioned the ‘probability report’ of a specialist medical witness in the inquest into the death of Muhammad Adib Mohd Kassim, that injuries to the right chest of the firefighter were caused by a curb or road shoulder.

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INDUSTRY UPDATES

Telecom Regulator proposes Online Sim Card Registration

The Lao Telecommunication Regulatory Authority is developing an application for use as a possible option to speed up sim card registration.

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INDUSTRY UPDATES

Government agrees to appoint a Youth to represent them in the Senate

BANGI, May 15 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad announced that the government has agreed to appoint a member of the Senate from among the youths with wide expertise and knowledge in the field and issues on the development of youths.

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INDUSTRY UPDATES

MoF sets up Debt Management Office

KUALA LUMPUR, May 15 (Bernama) - The Ministry of Finance has set up the Debt Management Office (DMO) to review and manage the government’s debt and liabilities.

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INDUSTRY UPDATES

Additional Appellate Court would be a timely upgrade

In order to curb the increased caseload on the Court of Appeal, a new appellate court may be introduced by the Government to support it, a move that may end up in restructuring of Supreme Court.

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INDUSTRY UPDATES

RoK helps Vietnam accelerate Judicial Reform

Hanoi, Apr 26 (VNA) - The Supreme People’s Court and the Korea International Cooperation Agency (KOICA) launched a project on improving trial transparency and quality at Vietnamese courts during a ceremony in Hanoi on April 26.

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DOLE announces 29 Job Fir Venues Nationwide on Labor Day

MANILA, Apr 29 (PNA) - The Department of Labor and Employment (DOLE) is inviting job seekers to a nationwide job fair on May 1.

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INDUSTRY UPDATES

Universities, Industry Players to join forces for IR 4.0

GEORGE TOWN, Apr 29 (Bernama) - The joint forces of the brains in the universities and the capacity and capabilities of key industries will make a change for a better world through the Fourth Industrial Revolution (IR 4.0), said Universiti Sains Malaysia (USM) vice-chancellor Prof Dr Asma Ismail.

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INDUSTRY UPDATES

BNM appoints Two External Members to Monetary Policy Committee

KUALA LUMPUR, Apr 29 (Bernama) - Bank Negara Malaysia (BNM) has reappointed Professor Dr Yeah Kim Leng and appointed Datuk Dr Gan Wee Beng as external members of its Monetary Policy Committee (MPC) effective April 1, 2019.

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INDUSTRY UPDATES

Doing nothing about Disruptive Tech would be biggest Mistake: CJ

The speed at which law firms incorporating AI into their work processes poses threat to lawyers getting out of jobs, and urged the lawyers to seize the moment and be at the frontline of technological change, warning that the "biggest mistake" would be to do nothing.

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Government Agencies urged not to use Unlicensed Software

MANILA, Apr 26 (PNA) - The Intellectual Property Office of the Philippines (IPOPHL) on Friday urged government agencies to use licensed software to prevent copyright infringement in the country.

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INDUSTRY UPDATES

Kula Segaran to chair ASEAN Labour Minister Special Session in Singapore

KUALA LUMPUR, Apr 28 (Bernama) - Human Resource Minister M. Kula Segaran will lead the Malaysian delegation to the Special Session of the ASEAN Labour Ministers and Singapore Conference on Future of Work which will be held in Singapore tomorrow (April 29).

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