Over the past few years, there have been significant changes to the global tax landscape as jurisdictions comply with international standards to reduce tax leakages.

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

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

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.

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 ...

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.

The Common Reporting Standard (CRS) is currently the hot topic amongst those in the financial services industry and international business.

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

On 29 June 2020, the Federal Court in IBM Malaysia Sdn Bhd v Ketua Pengarah Hasil Dalam Negeri (01(f)-37-11/2019(W)) dismissed the taxpayer's appeal against the decision made by the Director General of Inland Revenue ...