Guidelines for Application of Tax Deduction on Contributions / Sponsorships of Smart AI-Driven RVM
Today, we have an important update from the Ministry of Finance (MOF) that aims to promote sustainable practices through the use of Smart Artificial Intelligence (AI)-Driven Reverse Vending Machines (RVMs). So, let’s get right into it! The MOF has recently issued guidelines for applying tax deductions on contributions or sponsorships for Smart AI-Driven RVMs. These […]
Customs (Provisional Anti-Dumping Duties) Order 2023
Today’s article will discuss a vital order related to anti-dumping duties. So, if you’re involved in international trade or import-export business, this information is crucial for you. Let’s get started! In exercise of the powers conferred by section 24 of the Countervailing and Anti-Dumping Duties Act 1993 [Act 504] and subsection 11(1) of the Customs […]
HASiL’s Response to CTIM’s Letter On TAeF Portal For SVDP 2.0
The Inland Revenue Board of Malaysia (HASiL) has given a response to the letter that CTIM sent them on June 16th, 2023. The letter addressed the issues that were brought up on the TAeF Portal for the Special Voluntary Disclosure Programme (SVDP) 2.0. 1. TAeF portal has no option for SVDP 2.0 in view of […]
Cessation of accepting Cheques and Money Orders/Postal Orders as instruments of payment to HASiL
Today we have an important update regarding tax payments in Malaysia. Media Release On June 12, 2023, HASiL issued a media release informing taxpayers about a significant change in how direct tax payments are accepted. Let’s dive into the details. The Inland Revenue Board of Malaysia (HASiL) announced the discontinuation of cheques and Money Order/Postal […]
