Pursuant to recent amendments to the Income Tax Act 1967 ("ITA"), gains or profits from the disposal of a ‘capital asset' on or after 1 January 2024 will be subject to capital gains tax ("CGT").

On 19.5.2016, in the case of IQSB v Ketua Pengarah Hasil Dalam Negeri, the High Court held that telecommunication towers are "plant".

The Global Incentives for Trading (GIFT) Programme is a scheme set up to attract international commodities traders to use Malaysia as their operational and trading base.

The Grant, which was originally made applicable to sukuk issued under the SC's SRI Sukuk Framework and bonds issued under the ASEAN Green, Social and Sustainability Bond Standards...

On 7 January 2025, the Governments of Singapore and Malaysia signed a formal agreement in respect of the Johor-Singapore Special Economic Zone ("JS-SEZ") with the objective to compete for global investments together.

Double Taxation Agreements1 (DTAs) have become increasingly important in regulating taxation matters when cross-border businesses are involved. DTAs safeguard taxpayers by preventing...

The Finance Act 2015 had made several amendments to the Income Tax Act 1967 (ITA) which may have an impact on your tax position (including the estimate or revised estimate of tax payable).

Although the Defendant had filed notices of appeal to the IRB against the Forms JA subsequently, the Disputed Sum remained outstanding and resulted in the imposition of late payment penalties.

The Labuan International Business and Financial Centre (Labuan IBFC) was established more than 25 years ago to complement:

On 24.2.2023, the Unity Government re-tabled the long-awaited Budget 2023 ("Budget"). Beneficiaries include the EV and agriculture industries, MSMEs...

The Malaysian Inland Revenue Board ("IRB") has recently announced that there will be a waiver and remission of tax penalty to encourage voluntary disclosures and early settlement of tax arrears.

Recently, the Kuala Lumpur High Court in Government of Malaysia v Inoapps Sdn Bhd [2022] MLJU 2280 held that while it was bound by sections 103 and 106 of the Income Tax Act 1967 to enter a summary judgment ...

The rules governing transfer pricing are significant for both taxpayers and tax administrators. This determines the income expenses and taxable profits of associated enterprises in different tax jurisdictions.

新加坡和马来西亚政府于2025 年 1 月 7 日正式签署了一项关于柔佛-新加坡经 济特区（ "JS-SEZ" ）的协议，旨在通过以下方式共同吸引全球投资：

Section 109 of the Income Tax Act 1967 (ITA) imposes withholding tax on royalties paid to non-residents. However, certain royalties are not taxable under various ...

The interim Prime Minister of Malaysia, Tun Dr. Mahatir Mohamad, announced a RM20 Billion 2020 Economic Stimulus Package (‘Stimulus Package') yesterday to mitigate the economic impact of the COVID-19

The Income Tax (Cost of Renovation and Refurbishment of Business Premise) Rules 2020 ("the Rules") were gazetted on 28 December 2020. The Rules have effect from the year of assessment 2020.

In December 2020, the Federal Court in the case of Wiramuda (M) Sdn Bhd v Ketua Pengarah Hasil Dalam Negeri held that Section 4C of the Income Tax Act 1967...

On 29 May 2023, the Income Tax (Advance Pricing Arrangement) Rules 2023 ("2023 Rules") was gazetted. The advent of the 2023 Rules also marks the revocation of the Income Tax...

In light of the latest sitting in Dewan Rakyat, there are few proposed amendments listed under the Finance Bill 2021 in which was tabled for its first reading in Dewan Rakyat.