Bursa Malaysia issues updated Corporate Governance Guide (4th edition)
1. On April 28, 2021, Bursa Malaysia Berhad published an updated Corporate Governance Guide (“CG Guide”), intending to maintain that public listed companies (“PLCs”) are provided with comprehensive and practical guidance on all of the recommended practices under the Malaysian Code on Corporate Governance. 2. Please refer to the document in this link: https://t.me/YourAuditor/2486 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻 […]
Amendments to the By-Laws (on professional ethics, conduct and practice) of the MIA
1. The Council of the Institute has approved the revision to Part A of the MIA By-Laws (on Professional Ethics, Conduct, and Practice) incorporating the revisions to the International Code of Ethics for Professional Accountants (Including International Independence Standards) as follows: 👉 Revisions to Part 4B of the Code to Reflect Terms and Concepts Used […]
How Can You Save More Tax by Planning your Spending: Reference Materials
<How Can You Save More Tax by Planning your Spending>: Reference Materials Taxes are one of life’s unavoidable realities, and no one enjoys having to give up a portion of their hard-earned money. The good news is that it is feasible to either pay less in taxes or obtain a larger refund at the end […]
Foreign Source Income
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会计准则解析之固定资产
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20: An Individual’s Tax Residence under S 7(1)(c) ITA 1967
An individual’s tax residence under S 7(1)(c) ITA 1967 – PDF 1. The residence test under s 7 of the Income Tax Act 1967 (ITA) is purely a quantitative one, based on the number of days an individual is present in Malaysia during a year of assessment. 2. Under s 7(1)(c) of the ITA 1967: […]
21: An Individual’s Tax Residence under S 7(1)(d) ITA 1967
An individual’s tax residence under S 7(1)(d) ITA 1967 – PDF 1. The residence test under s 7 of the Income Tax Act 1967 (ITA) is purely quantitative, based on the number of days an individual is present in Malaysia during a year of assessment. 2. Under s 7(1)(d) of the ITA 1967: an individual […]
22: An Individual’s Tax Residence under S 7(1A) ITA 1967
An Individual’s Tax Residence under S 7(1A) ITA 1967 – PDF 1. The residence test under s 7 of the Income Tax Act 1967 (ITA) is purely quantitative, based on the number of days an individual is present in Malaysia during a year of assessment. 2. Under paragraph 7(1A) of the ITA, when determining the […]
23: Move to Tax Foreign-Sourced Income in Malaysia is not a Surprise
Over the past few years, the concept of “Double Non-Taxation” has been an issue. When the Base Erosion and Profit Shifting [BEPS] project of the Organization for Economic Cooperation and Development [OECD] was first launched, this was identified as a potential issue. Thus, the taxation of foreign-sourced income received in Malaysia will begin on January […]
24: FAQs – Special Income Remittance Programme (PKPP)
FAQs – Special Income Remittance Programme (PKPP) 1. The Inland Revenue Board (IRB) has published Frequently Ask Questions (FAQs) about a “Special Program for the Remittance of Foreign Income” for Malaysian Tax Residents who have money kept outside of Malaysia. 2. To find out more, you may consider tonight’s Live – https://lnkd.in/g7aTtcd2 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻 1. 税收局 […]
