Tourism Tax Policy No. 2/2023: Extension of Grace Period for Tourism Tax Collection by DPSP
Attention all Digital Platform Service Providers (DPSP) operating in Malaysia, The Royal Malaysian Customs Department (RMCD) published Tourism Tax Policy (TTP) No. 2/2023 on April 13, 2023, on its MyTTx website to inform you of the extension to the grace period for the collection, accounting, and remittance of tourism tax (TTx) from foreign tourists who […]
Stamp Duty (Exemption) (No. 3) Order 2023
The Stamp Duty (Exemption) (No. 3) Order 2023 [P.U. (A) 178] has been issued under subsection 80(1) of the Stamp Act 1949 [Act 378] by the Minister. This order, officially known as the Stamp Duty (Exemption) (No. 3) Order 2023, is deemed to have come into operation on 1 April 2023. Under this order, the […]
Deduction for Expenditure Incurred for Provision of Approved Internship Programme) (Amendment) Rules
The Ministry of Finance, exercising the powers conferred by paragraphs 154(1)(b) and 33(1)(d) of the Income Tax Act 1967 [Act 53], hereby announces the amendment of the Income Tax (Deduction for Expenditure Incurred for Provision of Approved Internship Programme) Rules 2019 (which are referred to as the “principal Rules”). These amended rules shall be known […]
Stamp Duty (Remission) Order 2023
In exercise of the powers conferred by subsection 80(2) of the Stamp Act 1949 [Act 378], the Minister hereby makes the Stamp Duty (Remission) Order 2023 [PU(A) 179/2023]. This Order is deemed to have come into operation on 1 June 2022. Remission: The Minister remits 75% of the stamp duty chargeable on any loan agreement […]
Stamp Duty (Remission) (No. 2) Order 2023
In exercise of the powers conferred by subsection 80(2) of the Stamp Act 1949 [Act 378], the Minister hereby makes the Stamp Duty (Remission) (No. 2) Order 2023 [PU(A) 180/2023]. The order is deemed to have come into operation on 1 June 2022. Remission: The Minister remits 75% of the stamp duty chargeable on any […]
Income Tax (Transfer Pricing) Rules 2023 [P.U.(A) 165/2023]
We would like to inform you that the Minister, in the exercise of the powers conferred by paragraph 154(1)(ed) read together with section 140A of the Income Tax Act 1967 [Act 53], has established the Income Tax (Transfer Pricing) Rules 2023 [P.U.(A) 165/2023], which will come into effect from the year of assessment 2023 and […]
Income Tax (Advance Pricing Arrangement) Rules 2023
The Minister, in the exercise of the powers conferred by paragraph 154(1)(eb) and (ec) of the Income Tax Act 1967 [Act 53], has made the Income Tax (Advance Pricing Arrangement) Rules 2023. Application: A taxpayer engaged in cross-border transactions may apply to the Director General for an advance pricing arrangement (APA) for the terms and […]
HASiL Media Release – Implementation of e-Invoicing
In line with the rapid digital revolution, businesses require a more streamlined approach to information exchange and trade transactions domestically and globally. To ensure the efficiency of the country’s tax administration in line with technological advancements, the government, through the presentation of Budget 2023, has introduced the implementation of e-invoicing as a new mechanism to […]
Invitation for Public Consultation on Draft Public Ruling – Taxation of Upstream Petroleum (Part 1)
The Inland Revenue Board of Malaysia (HASiL) would like to inform the public about the release of the draft Public Ruling (PR) on the Taxation of Upstream Petroleum (Part 1). This draft PR has been made available for public comments and feedback before its finalisation. The objective of this Public Ruling (PR) is to provide […]
Termination of Fax Machine Usage at Inland Revenue Premises Starting from 1 July 2023
The Inland Revenue Board of Malaysia (HASiL) will transition to fully utilising email as one of the main mediums for information delivery and communication, thereby discontinuing the use of facsimile machines at all HASiL premises throughout Malaysia starting from 1 July 2023. This termination aligns with optimising the use of existing information delivery and communication […]
