WHT Form Submission & Withholding Tax (WHT) Payment of Small Value for Transactions That Recurring
The Inland Revenue Board of Malaysia (IRBM) has given its approval to the CTIM’s suggestion to submit withholding tax (WHT) forms and the payment of WHT of Small Value for transactions that occur repeatedly less cumbersome administratively and less expensive to comply with. An individual or body resident in Malaysia or conducting business in Malaysia […]
Taxation Of Foreign Fund Management Company
Foreign Fund Management Companies in Malaysia A company that is incorporated in Malaysia and granted a licence under the Capital Markets and Services Act 2007 (Act 671) is considered to be a foreign fund management company. A foreign company incorporated for the exclusive purpose of providing fund management services to its customers is known as a […]
Tax Incentive For Organising Conferences In Malaysia
Most of the time, a conference is a large meeting where researchers, academicians, and professionals can share their work and research in fields like medicine, law, science, engineering, technologies, business management, and so on. Since the year of assessment 1997, Malaysian organisers of conferences whose principal activities are to promote and run conferences have been given […]
Service Tax Policies (STP) on Digital Services
STP No. 1/2022 dated 1 August 2022 On August 1, 2022, the Royal Malaysian Customs Department announced the Service Tax Policy 1/2022 (only available in the Malay language) on the service tax exemption on providing digital payment services by local non-bank providers. This amendment came into effect on the first day of August 2022. This […]
