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, […]
Excise Duties (Amendment) (No. 3) Order 2023
The Excise Duties (Amendment) (No. 3) Order 2023 outlines a series of amendments to the excise duty rates as stipulated in the Excise Duties Order 2022 [P.U. (A) 163/2022]. Specifically, the amendments modify the rates for certain goods under Chapters 20, 22, and 24, reflecting a shift in the fiscal policy related to these items. […]
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 […]
HASiL – Capital Gains Tax Return Form (CGTRF) Filing Programme
Starting from 1 March 2024, various entities such as companies, limited liability partnerships, trust bodies, co-operative societies, and Labuan entities (Labuan Company, Labuan Limited Liability Partnership, Labuan Foundation and Trust) that elect or subject to taxation under the ITA 1967 are liable to pay capital gains tax on the disposal of specific capital assets. Taxpayers […]
Tourism Tax (Digital Platform Service Provider) (Amendment) (No. 2) Regulations 2023
The Federal Government Gazette has announced an amendment to the Tourism Tax (Digital Platform Service Provider) Regulations 2023, which will be implemented starting 1 January 2024. The amendment involves modifications to the Tourism Tax (Digital Platform Service Provider) Regulations 2021 concerning digital platform service providers and the removal of specific regulations and schedules. The key […]
Sales Tax (Low-Value Goods)(Amendment) Regulations 2023
Sales Tax (Low-Value Goods) (Amendment) Regulations 2023 [P.U. (A) 405/2023], were gazetted on 29 December 2023, and they introduced changes to the Sales Tax (Low Value Goods) Regulations 2022 [P.U. (A) 408/2022]. These changes pertain to issuing credit notes and debit notes for low-value goods, as well as submitting returns for each taxable period. A […]
Sales Tax (Customs Ruling)(Amendment) Regulations 2023
Sales Tax (Customs Ruling) (Amendment) Regulations 2023 [P.U. (A) 406/2023] were gazetted on 29 December 2023, amending the Sales Tax (Customs Ruling) Regulations 2018 [P.U. (A) 204/2018]. These Regulations come into operation on 1 January 2024. The key changes introduced by the Sales Tax (Customs Ruling) (Amendment) Regulations 2023 are as follows: References: Sales Tax […]
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. […]
HASIL – Return Form (“RF”) filing Programme for the year 2024
RBM has made the Program Memfail Borang Nyata (BN) for 2024 available for taxpayers to access and download on their official portal. Starting 1 January 2024, they will implement mandatory e-services for tax services, including e-filing for specific taxpayer categories. The implementation of mandatory e-services, including e-filing, for tax services in Malaysia will have several […]
Tourism Tax (Amendment)(No. 2) Regulations 2023
The Tourism Tax (Amendment) (No. 2) Regulations 2023 [P.U. (A) 408/2023], which were gazetted on 29 December 2023, introduce several modifications to the Tourism Tax Regulations 2017 [P.U. (A) 228/2017]. The main amendments include the following changes: These amendments are set to come into operation on 1 January 2024 References: Tourism Tax (Amendment)(No. 2) Regulations […]
