HASiL Media Release – Implementation of e-Invoicing
In line with the rapid digital revolution, businesses require a more streamlined approach to information exchange and trade transactions domestically and globally. To ensure the efficiency of the country’s tax administration in line with technological advancements, the government, through the presentation of Budget 2023, has introduced the implementation of e-invoicing as a new mechanism to […]
Income Tax (Advance Pricing Arrangement) Rules 2023
The Minister, in the exercise of the powers conferred by paragraph 154(1)(eb) and (ec) of the Income Tax Act 1967 [Act 53], has made the Income Tax (Advance Pricing Arrangement) Rules 2023. Application: A taxpayer engaged in cross-border transactions may apply to the Director General for an advance pricing arrangement (APA) for the terms and […]
Income Tax (Transfer Pricing) Rules 2023 [P.U.(A) 165/2023]
We would like to inform you that the Minister, in the exercise of the powers conferred by paragraph 154(1)(ed) read together with section 140A of the Income Tax Act 1967 [Act 53], has established the Income Tax (Transfer Pricing) Rules 2023 [P.U.(A) 165/2023], which will come into effect from the year of assessment 2023 and […]
Invitation for Public Consultation on Draft Public Ruling – Taxation of Upstream Petroleum (Part 1)
The Inland Revenue Board of Malaysia (HASiL) would like to inform the public about the release of the draft Public Ruling (PR) on the Taxation of Upstream Petroleum (Part 1). This draft PR has been made available for public comments and feedback before its finalisation. The objective of this Public Ruling (PR) is to provide […]
