Sales Tax (Determination of Low Value Goods) Order 2023
The Sales Tax (Determination of Low-Value Goods) Order 2023 [P.U. (A) 403/2023] has been gazetted in Malaysia, classifying goods sold at a price below five hundred ringgit and imported into the country as low-value goods for sales tax purposes. The order lists goods that do not fall under the low-value category and replaces the Sales […]
Sales Tax (Goods Exempted from Tax)(Amendment) (No. 2) Order 2023
The Sales Tax (Goods Exempted from Tax) (Amendment) (No. 2) Order 2023 [P.U. (A) 401/2023] amended Schedule A of the Sales Tax (Goods Exempted from Tax) Order 2022 [P.U. (A) 175/2022]. It was gazetted on 28 December 2023 and will be effective from 1 January 2024. The amendment specifically alters Schedule A, focusing on heading 90.25. […]
Customs (Amendment)(No. 4) Regulations 2023
The Customs (Amendment) (No. 4) Regulations 2023 [P.U. (A) 400/2023] were gazetted on 28 December 2023, introducing changes to the Customs Regulations 2019. These amendments pertain to the control of intoxicating liquor and the specific locations on the left bank of Sungai Pulai. The regulations became effective on 1 January 2024 and were enacted by […]
Income Tax (Exemption) 2009(Amendment) Order 2023
Benefits-in-kind or perquisites received by an employee under his employment is chargeable to tax as part of gross income from employment under paragraph 13(1)(b) of the Income Tax Act 1967 (ITA). However, certain benefits-in-kind or perquisites are exempted from tax under the Income Tax (Exemption) Order 2009 [P.U. (A) 152/2009], including the child care allowance, […]
Customs (Prohibition of Imports)(Amendment)(No 2) Order 2023
The purpose of the Customs (Prohibition of Imports) (Amendment) (No. 2) Order 2023 P.U. (A) 398/2023] is to amend existing regulations concerning the importation of certain substances into the country. These amendments are made to the Second Schedule of the Customs (Prohibition of Imports) Order 2023 [P.U. (A) 117/2023], in Part I, about item 13, […]
FAQs on Matters Arising from Section 140A(3C) of the ITA
The Inland Revenue Board of Malaysia (HASiL) has provided a comprehensive set of Frequently Asked Questions (FAQ) regarding the implementation and implications of Section 140A(3C) of the Income Tax Act 1967, specifically addressing concerns related to transfer pricing. The FAQ document, dated 18 January 2024, aims to clarify the rationale, application, and enforcement of surcharges […]
Guidelines on Adequate Procedures pursuant to S17A(5) under the MACC Act 2009
The guidelines are designed to aid commercial organisations in enhancing their anti-corruption measures. They provide a comprehensive framework for establishing effective monitoring programs, conducting audits, and ensuring that all employees are well-informed about anti-corruption policies through training and communication. The Minister holds the power to modify these guidelines as necessary. To illustrate the application of […]
