MOF’s Response to CTIM on Foreign-Source Income Exemption Conditions for Dividends
With the release of revised technical guidelines on December 29, 2022, and a media release (only in Bahasa Malaysia) on December 30, 2022, the Inland Revenue Board (IRB) of Malaysia added a new requirement (an economic substance requirement) to qualify for the tax exemption for foreign-source dividend income received in Malaysia by qualifying persons. This […]
Stamp Duty (Remission) (No. 3) Order 2023
In accordance with the power vested by subsection 80(2) of the Stamp Act 1949 [Act 378], the Minister has issued Stamp Duty (Remission) (No. 3) Order 2023 [P.U (A) 208/2023]. Under this Order, the Minister hereby grants remission for stamp duty, as specified in sub-subitem 31(a) of the First Schedule to the Act, in excess […]
Tax Relief Measures Amid Travel Restrictions: IRBM’s Offer
The Inland Revenue Board of Malaysia (IRBM) would like to inform taxpayers that they may apply for instalment payments of outstanding amounts of Income Tax (CP) and Real Property Gains Tax (CKHT) for recent years without incurring any tax increment. This application can be made from June 6, 2023, until May 31, 2024, throughout the […]
Global Internal Audit Standards – 2023 Draft for Public Comment
Following the close of the Institute of Internal Auditors (IIA) public consultation period, the International Internal Auditing Standards Board (IIASB) would like to thank everyone for their feedback and comments on the proposed Global Internal Auditing Standards. The views of the general public are invaluable in developing standards to address the changing needs and challenges […]
Celebrating Success: A Big Thank You for Your Outstanding Efforts!
Dear Esteemed Team Members of CCS Group, As we gather tonight to unwind and enjoy our well-deserved off-peak dinner, I want to take this opportunity to express my heartfelt gratitude to each and every one of you. The conclusion of our peak period is not just a milestone; it’s a testament to your dedication, resilience, […]
（中文版）马来西亚内陆税收局 2023 年电子发票指南 | e-Invoice Guideline Year 2023 Inland Revenue Board of Malaysia
尊敬的商家朋友们，您好！ 我们非常高兴地宣布，CCS Group 的线上分享会已经圆满举行！ 如果您错过了这场精彩的活动，别担心，我们已经将整个分享分成了八个简洁明了的部分，方便您逐步了解和学习。 以下是我们分享会的八个部分简介： Mr Chin, CCS Founder Part 1: 电子发票 (e-Invoice) 的概述 [https://www.youtube.com/watch?v=o1crSc_gGS8] Part 2: 电子发票的好处 – [https://www.youtube.com/watch?v=g7gZ2VvTcH4&t=0s] Part 3: 电子发票要求概览 – [https://www.youtube.com/watch?v=0kNQ8krwE74&t=0s] Part 4: 电子发票流程全貌 – [https://www.youtube.com/watch?v=R2PUexLokWE&t=0s] Part 5: 电子发票的准备工作 – [https://www.youtube.com/watch?v=Iy429wLbvNQ&t=0s] Part 6: 针对电子发票的总结 – [https://www.youtube.com/watch?v=ohd7NN8ZaBY&t=0s] AutoCount 行销与市场董事, Alex Ng Part 7: 从会计软件看电子发票 – [https://www.youtube.com/watch?v=1HSWRexijBc&t=0s] Part 8: Q&A – [https://www.youtube.com/watch?v=UAikq8mMLVQ&t=1s] […]
Form SST-ADM & Form SST-ADM 2：Voluntary Declaration of Taxes Under Sales Tax and Service Tax Act
The Royal Malaysian Customs Department (RMCD) has issued the following forms on its MySST website on 1 August 2023. Here is a summary of the SST-ADM and SST-ADM 2 forms: SST-ADM Purpose: For voluntary declaration to pay sales or service tax to Royal Malaysian Customs Department. Used when: SST-ADM 2 Purpose: For voluntary declaration to […]
Notification of Functions of Company Director and Director’s Representative in MyTax for Submission
Starting from 1 January 2023, taxpayers with the role of Company Director in MyTax can appoint representatives online. The appointed representative must possess a Tax Identification Number (TIN) and an Individual Digital Certificate. The Inland Revenue Board of Malaysia (LHDNM) reserves the right to obtain a letter of appointment for the representative, which should be […]
Income Tax (Exemption) (No. 3) Order 2023：New Principal Hubs
IN exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax Act 1967 [Act 53], the Minister makes the Income Tax (Exemption) (No. 3) Order 2023 [P.U. (A) 252/2023]. This Order, alongside the earlier Income Tax (Exemption) (No. 2) Order 2023, was gazetted by the Minister of Finance to provide tax incentives for […]
LHDNM to Enforce Mandatory Use of e-Tax Services in Stages from 1 September 2023
In line with technological transformation and digitisation of tax services, the Inland Revenue Board of Malaysia (LHDNM) will enforce mandatory use of e-Services for online tax services through the MyTax portal starting 1 September 2023. This is to empower and sustain the digitisation of service delivery to the public. The implementation supports the government’s aim […]
