Stamp Duty (Exemption) (No. 8) Order 2021: Disaster Relief Facility 2021
An instrument of loan or a financing agreement relating to the loan or financing facility executed between a small and medium enterprises and a financial institution is, on application, exempted from stamp duty. P.U. (A) 333 (2021）- Stamp Duty (Exemption) (No. 8) Order 2021 – 12 August 2021 1. Under this Exemption Order:- 👉 Instrument […]
Income Tax (Exemption) (No. 9) Order 2021: Tour Operating Business
The Minister exempts a qualifying person from the payment of income tax in a basis period for a year of assessment in respect of the statutory income derived from a qualifying activity. P.U. (A) 344 (2021）- Stamp Duty (Exemption) (No. 9) Order 2021 – 23 August 2021 1. Under this Exemption Order:- 👉 Tourism companies […]
Income Tax (Special Deduction for Reduction of Rental to a Small and Medium Enterprise) Rules 2021
Special Deduction for Reduction of Rental to a Small and Medium Enterprise P.U. (A) 353 (2021）- Income Tax (Special Deduction for Reduction of Rental to a Small and Medium Enterprise) Rules 2021 – 8 September 2021 1. 根据这项细则 [Income Tax (Special Deduction for Reduction of Rental to a Small and Medium Enterprise) Rules 2021]： 👉 […]
Income Tax (Special Deduction for Reduction of Rental to Tenant other than a SME) Rules 2021
Special Deduction for Reduction of Rental to a Tenant other than a Small and Medium Enterprise P.U. (A) 354 (2021) – Income Tax (Special Deduction for Reduction of Rental to a Tenant other than a Small and Medium Enterprise) Rules 2021 – 8 September 2021 9
Self-Employment Social Security (Amendment of First Schedule) Order 2021
The service of carriage and delivery of goods or food by any person by means of any motor vehicle or any other conveyance owned by him, or managed, maintained or operated by that person, in any form of arrangement with the owner or lessor of the motor vehicle or other conveyance, or without using any […]
SESSA will apply to self-employed Service Providers Carrying and Delivering Goods and Food
1. In response to the Self-Employed Social Security Act 2017 (Act 789), the Government has gazetted three relevant subsidiary legislation on 21 September 2021, which will come into force on 1 October 2021. 2. Nowadays, even walking to deliver food is covered by SOCSO 3. In principle, the above subsidiary legislation will require ✅ Self-employed […]
Income Tax (Deduction for the Costs of Implementation of Flexible Work Arrangements) Rules2021
In determining the adjusted income of that qualifying person from his business in that year of assessment, a deduction shall be allowed for expenses incurred by that qualifying person in the basis period for the implementation of flexible work arrangements in relation to consultation fee, cost of capacity development, cost of software, and software subscription. […]
Centralization and Decentralization of Taxpayer files of Companies and Non-Companies
The Malaysian Inland Revenue Board (LHDNM) has issued a Media Release (available only in Bahasa Malaysia) dated 13 January 2021 on its website. 马来西亚税收局 (LHDNM) 在其网站上发布了一份日期为2021年1月13日的新闻稿（只有马来语版本）。 7
Tax Collection Framework 2021
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Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS
1. On 24 November 2016 the Organisation for Economic Co-operation and Development [OECD] published its 15th action plan for the implementation of Base Erosion and Profit Shifting [BEPS] – Multilateral Instrument ]. 2. 18 February 2021, Malaysia deposited its instrument of ratification of the Multilateral Convention on the Implementation of Measures relating to Tax Treaties […]
