Form CP 204B (Revised 2020)
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Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS
1. On 24 November 2016 the Organisation for Economic Co-operation and Development [OECD] published its 15th action plan for the implementation of Base Erosion and Profit Shifting [BEPS] – Multilateral Instrument ]. 2. 18 February 2021, Malaysia deposited its instrument of ratification of the Multilateral Convention on the Implementation of Measures relating to Tax Treaties […]
Tax Collection Framework 2021
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Centralization and Decentralization of Taxpayer files of Companies and Non-Companies
The Malaysian Inland Revenue Board (LHDNM) has issued a Media Release (available only in Bahasa Malaysia) dated 13 January 2021 on its website. 马来西亚税收局 (LHDNM) 在其网站上发布了一份日期为2021年1月13日的新闻稿（只有马来语版本）。 7
Income Tax (Deduction for the Costs of Implementation of Flexible Work Arrangements) Rules2021
In determining the adjusted income of that qualifying person from his business in that year of assessment, a deduction shall be allowed for expenses incurred by that qualifying person in the basis period for the implementation of flexible work arrangements in relation to consultation fee, cost of capacity development, cost of software, and software subscription. […]
SESSA will apply to self-employed Service Providers Carrying and Delivering Goods and Food
1. In response to the Self-Employed Social Security Act 2017 (Act 789), the Government has gazetted three relevant subsidiary legislation on 21 September 2021, which will come into force on 1 October 2021. 2. Nowadays, even walking to deliver food is covered by SOCSO 3. In principle, the above subsidiary legislation will require ✅ Self-employed […]
Self-Employment Social Security (Amendment of First Schedule) Order 2021
The service of carriage and delivery of goods or food by any person by means of any motor vehicle or any other conveyance owned by him, or managed, maintained or operated by that person, in any form of arrangement with the owner or lessor of the motor vehicle or other conveyance, or without using any […]
Income Tax (Exemption) (No. 10) Order 2021: Qualifying Capital Expenditure by Qualifying Company
A qualifying company in the basis period for a year of assessment is exempted from the payment of income tax in respect of statutory income derived from a qualifying project, which is equivalent to the amount of allowance of fifty per cent (50%) of the qualifying capital expenditure incurred by that qualifying company. 1. 根据这项指令 […]
Stamp Duty (Exemption) (No. 11) Order 2021: Loan or Financing Restructuring or Rescheduling
A loan instrument or a financing arrangement pertaining to the restructuring or rescheduling of a loan or financing between a borrower or customer and a financial institution that is completed on or after July 1, 2021, but before December 31, 2021, is exempted from stamp duty. 1. 根据这项指令 [Stamp Duty (Exemption) (No. 11) Order 2021]： […]
Stamp Duty (Exemption) (No. 10) Order 2021: Loan or Financing Facility for SMEs
Stamp duty is waived on a loan instrument or a financing agreement pertaining to a loan or financing facility made between a small and medium enterprise and a financial institution. 1. 根据这项指令 [Stamp Duty (Exemption) (No. 10) Order 2021]： 👉 在马来西亚国家银行中小企业基金下批准的贷款或融资机制 👉 中小企业与金融机构之间针对（2）的贷款或融资机制 👉 可免征印花税 2. 贷款配套 [loan or financing facility]: ✅ 所有经济部门配套 [All Economic […]
