The Employment (Amendment) Bill 2021 | 2021年劳工(修正)法案
The Employment (Amendment) Bill 2021 (2021年劳工(修正)法案) – PDF 1. Do you know: 👉 Malaysia’s Employment Act 1955 (“the EA”) is now undergoing extensive revisions in Parliament. 👉 On October 25, 2021, the Employment (Amendment) Bill 2021 (“the Bill”) was introduced for the first time. 👉 would be tabled for the second reading in the meeting […]
Trade Unions – Employment & Membership
Trade Unions – Employment & Membership – PDF 9
Trade Unions – Meaning of “Establishment”
Trade Unions – Meaning of “Establishment” – PDF 9
Trade Unions – Meaning and Object of Trade Union
Trade Unions – Meaning and Object of Trade Union – PDF 9
The Twelfth Malaysia Plan 2021 to 2025 (‘12MP’)
The Twelfth Malaysia Plan 2021 to 2025 (‘12MP’) – Reference 1. What is Malaysia Plan? 2. The Malaysian government releases a new development plan every five years, also referred to as Malaysia 5 Year Plan. 3. It outlines government development policies and strategies, and explains how to achieve those goals over the following five years. […]
Capital Market Masterplan 3: A Strategic Framework for Malaysia’s Capital Market Growth
Capital Market Masterplan 3 (‘CMP3’) – Reference 1. The Securities Commission Malaysia (SC) announced the release of the third Capital Market Masterplan (CMP3), which will serve as a strategic framework for Malaysia’s capital market growth over the next five years on 21 September 2021. 2. The capital market is critical in assisting the economy’s structural […]
Tax Incentives for Global Trading Centre
1. To improve and simplify tax incentives for trading activities, a new tax incentive in the form of a GTC with a concessionary tax rate of 10% for up to 10 years was suggested in Budget 2021. (made up of an initial five years, extendable for a further five years). 2. In light of the […]
Special Tax Incentive under the PENJANA: Relocation of Service Activities
Application of Special Tax Incentive for Selected Services Activities under the PENJANA – PDF Guidelines and Procedures for the Application of Special Tax Incentive for Selected Services Activities under the National Economic Recovery Plan (PENJANA) 1. A special tax incentive has been established for manufacturing businesses that transfer their manufacturing operations to Malaysia under the […]
Incentive for Manufacturers of Pharmaceutical Products Including Vaccines
1. The following incentives were proposed in Budget 2021 to attract pharmaceutical product manufacturers (including vaccines) to invest in Malaysia : 👉 For the first 10 years, the tax rate will range from 0% to 10%. 👉 For the following 10 years, the tax rate will be 10%. 2. Following the aforesaid suggestion, the MIDA […]
Statement on a Two-Pillar Solution to Address the Tax Challenges – Digitalisation of the Economy
1. On October 8, 2021, the BEPS Inclusive Framework released its latest statement announcing the latest developments in the two-pillar taxation program. 2. The 136 countries and tax jurisdictions that support the latest two-pillar framework include Malaysia, China, Hong Kong, and Singapore, as well as Ireland, Hungary, Estonia, Barbados, and Peru, which had reservations about […]
