Income Tax (Exemption) (No. 6) Order 2023
Income Tax (Exemption) (No. 6) Order 2023 [P.U. (A) 384, gazetted on 19/12/2023], is an order that provides an exemption from income tax for qualifying biotechnology activities and companies. The Income Tax (Exemption) (No. 6) Order 2023 exempts income tax payments to companies engaged in eligible biotechnology activities. Qualified companies are granted a ten-year consecutive […]
Income Tax (Exemption) (No. 5) Order 2023
Under the Income Tax (Exemption) (No. 5) Order 2023 [P.U. (A) 383, gazetted on 19/12/2023], the Minister exempts a qualifying company [BioNexus status company] in the basis period for a year of assessment from the payment of income tax in respect of statutory income derived from a new business or an expansion project, as the […]
Income Tax (Exemption) (No. 4) Order 2023
The Income Tax Act (Exemption) (No. 4) Order 2023 [P.U. (A) 382, gazetted on 19/12/2023], is a legislative instrument issued by the Malaysian government to provide income tax exemptions to companies that have been granted BioNexus status and are engaged in specified biotechnological activities. This order delineates the scope of qualifying activities, including agricultural, industrial, […]
Income Tax (Deduction for Investment in Qualifying Activity) (Amendment) Rules 2023
The Income Tax (Deduction for Investment in Qualifying Activity) (Amendment) Rules 2023 [P.U. (A) 352, gazetted on 09/11/2023], is to extend the deadline for the deduction for investment in qualifying activities. Specifically, the amendment changes the expiration date from “31 December 2022” to “31 December 2024” in subrule 6(2) of the original rules 3
Income Tax (Deduction for the Sponsorship of Hallmark Event) (Amendment) Rules 2023
The Income Tax (Deduction for the Sponsorship of Hallmark Event) (Amendment) Rules 2023 [P.U. (A) 351, gazetted on 09/11/2023] related to tax deductions for sponsoring hallmark events is to extend the period during which sponsors can claim deductions for sponsoring hallmark events. Specifically, the amendment changes the expiration date for this provision from “31 December […]
Stamp Duty (Exemption) (No. 2) 2016 (Amendment) Order 2023
The Stamp Duty (Exemption) (No. 2) 2016 (Amendment) Order 2023 [P.U. (A) 350, gazetted on 09/11/2023] is a legislative amendment extending the stamp duty exemption deadline from 31 December 2022 to 31 December 2024. The amendment was made by the Minister of Finance on 23 October 2023. 3
Income Tax (Exemption) (No. 9) 2016 (Amendment) Order 2023
The purpose of the Income Tax (Exemption) (No. 9) 2016 (Amendment) Order 2023 [P.U. (A) 349, gazetted on 09/11/2023] is to extend the expiration date of the previously established income tax exemption to 31 December 2024. 2
Income Tax (Exemption) (No. 8) 2016 (Amendment) Order 2023
The purpose of the Income Tax (Exemption) (No. 8) 2016 (Amendment) Order 2023 [P.U. (A) 348, gazetted on 09/11/2023] is to extend the existing income tax exemption deadline from 31 December 2022 to 31 December 2024. 2
Income Tax (Exemption) (No. 7) 2016 (Amendment) Order 2023
The purpose of the Income Tax (Exemption) (No. 7) 2016 (Amendment) Order 2023 [P.U. (A) 347, gazetted on 09/11/2023], is to extend the expiration date of a particular provision within the order. Specifically, the amendment changes the expiration date from “31 December 2022” to “31 December 2024” in subparagraph 5(3) of the Income Tax (Exemption) […]
Income Tax (Exemption) (No. 6) 2016 (Amendment) Order 2023
The purpose of the Income Tax (Exemption) (No. 6) 2016 (Amendment) Order 2023 [P.U. (A) 346, gazetted on 09/11/2023] is to extend the deadline for certain tax exemptions that were previously set to expire on 31 December 2022. The new amendment extends these exemptions until December 31, 2024. This extension is authorised by the Minister […]
