Lembaga Hasil Dalam Negeri Malaysia (LHDN) has revealed that beginning 1 January 2024, the use of revenue stamps (stem hasil) for stamping will be discontinued.

Budget 2024 incorporates numerous significant tax measures and changes. Starting in March 2024, a capital gains tax will be implemented, and the service tax rate will also increase to 8%.

Malaysia erhebt für Einkommen, die aus malaysischen Quellen stammen, Steuern. Der Steuersatz hängt dabei von der Gebietsansässigkeit der Person ab und wird aufgrund der Aufenthaltsdauer in Malaysia festgelegt.

Zakat pendapatan is a compulsory annual tax on the income of Muslims which has to be paid every year to the Zakat Collection Centre in the various states.

There has been unprecedented pressure on both tax neutral countries and the users of these tax efficient jurisdictions, to pay what is deemed a ‘fair' amount of tax.

The extension of the exemption under EO9/19 was announced at the Malaysian Budget 2020.

The High Court has recently issued its grounds of judgment for TRSB v KPHDN.

The Income Tax (Exemption) (No. 2) Order 2021 ('Exemption Order') which grants exemption from income tax on gains or profits derived from the Sukuk Prihatin, an Islamic securities...

PR No. 2/2015 has recently been uploaded to the website of the Inland Revenue Board (IRB) to replace the PR No. 9/2012 dated 26 November 2012.

The Income Tax (Exemption) (No. 9) Order 2021 [P.U.(A) 344/2021] (‘E.O. No. 9') was gazetted on 23 August 2021. E.O. No. 9 has effect from the year of assessment 2021 until the year of assessment 2022.

When businesses secure loans to support their operations and growth, the interest paid on these loans is often considered a necessary cost. Are these interest expenses tax-deductible as business...

Recently, the IRBM issued the Restriction on Deductibility of Interest Rules which are intended to prevent base erosion through the use of excessive interest expense or any payments which are economically equivalent to ...

As the reporting deadline of 31 July 2019 approaches, directors of Malaysian companies need to be aware of their personal liabilities should their corporate tax submissions be late or inaccurate.

In its continuous effort to ensure smoother compliance with the tax requirements, the Inland Revenue Board of Malaysia (HASiL) has postponed its mandatory e-Invoicing implementation by six (6) months.

In our LHAG Insights of 19 August 2021 and 11 August 2022, we wrote about the decisions of the Special Commissioners of Income Tax (SCIT) and the High Court.

Pursuant to subsection 58(1) of the Temporary Measures for Reducing the Impact of Coronavirus Disease 2019 (Covid-19) Act 2020 (‘Temporary Measures Act')...

It is to be noted that the total amount that can be deducted for the expenditure described in paragraphs 2 to 4 above is restricted to RM5,000.00 for each trainee for each Training Programme.

Several additions were made to the list of permitted disclosures set out in the Financial Services Act 2013 (‘FSA'), the Islamic Financial Services Act 2013 (‘IFSA')...

If you are a business owner in Malaysia, it is important to understand which business expenditures are eligible for tax deductions.

Dewan Negara today passed five bills, namely the Finance Bill (No. 2) 2017, the Labuan Business Activity Tax (Amendment) (No. 2) Bill 2017, the Income Tax (Amendment) Bill 2017...