The Income Tax (Accelerated Capital Allowance) (Machinery and Equipment Including Information and Communication Technology Equipment) Rules 20211 ("Rules") were gazetted on 15 June 2021.

The Finance Bill 2015 has proposed 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).

The Finance Bill 2015 has been gazetted as the Finance Act 2015 (Act 773) on 30 December 2015. There are two material changes as highlighted in the table below.

In Malaysia, both freelancer and salaried employees must pay income tax. The key differences are; for full time employees, tax is automatically deducted monthly via Monthly Tax Deductible (MTD).

Double Taxation Agreements[1] (DTAs) have become increasingly important in regulating taxation matters when cross-border businesses are involved. DTAs safeguard taxpayers...

The Taxpayer has been in the business of manufacturing, assembling, and trading plastic injection-moulded products since 1993.

Transfer pricing refers to the price of transfers and transactions entered into between related parties or subsidiaries. Transfer pricing generally refers to intercompany...

With Malaysia on the cusp of imposing the most restrictive movement control measures since March 2020, the Prime Minister of Malaysia launched a RM40 billion financial aid package, the Program Strategik Memperkasa Rakyat Dan Ekonomi Tambahan ...

Opening a foreign branch office in China requires careful planning and compliance with a range of legal requirements.

Recently, Evrol Mariette Peters JC of the Johor Bahru High Court has in the case of Seaport Worldwide Sdn Bhd v Ketua Pengarah Hasil Dalam Negeri [2020] 8 AMR 88 ("Seaport")...

Labuan International Business and Financial Centre (Labuan IBFC) provides a wide spectrum of financial products and services for corporations and individuals, both in the conventional and Islamic space.

纳闽岛公司是按照《1990年纳闽岛公司法案》（LCA 1990）注册的公司。依此法注册的公司允许在纳闽岛境内、从纳闽岛或通过纳闽岛开展业务 ...

On 17 May 2022, the Kuala Lumpur High Court (KLHC) dismissed the Director General of Inland Revenue's (DGIR) appeal in Sandakan Edible Oils. This was a landmark decision which vindicated the tax...

Recent global events from the release of the Panama Papers to a series of high-profile inversions have given international tax regulators both rhetorical ammunition and public support to execute a global crackdown on multinational tax planning.

Sabah, better known as "The Land Below The Wind" is strategically located on the island of Borneo with its top-tier tourist destinations and attractions lying below the typhoon belt of East Asia.

The Inland Revenue Board of Malaysia ("IRB") actively conducts tax investigations or "raids" on taxpayers.

A Labuan company is a company incorporated or registered under the Labuan Companies Act 1990 (LCA 1990).

Income Tax (Special Deduction for Reduction of Rental to a Small and Medium Enterprise) Rules 2021 [P.U.(A) 353/2021] ("P.U.(A) 353/2021"); and ...

On 18 October 2024, Malaysia's Budget 2025 ("Budget") proposals were unveiled. Focused on revitalising the economy and fostering transformative growth...

Have you considered how the Global Minimum Tax ("GMT") will impact your business in Malaysia? If your company benefits from tax incentives, could those advantages soon be reduced or even eliminated?