HASiL: New Tax Rates to be Used in Computing Monthly Tax Deduction (PCB) Beginning June 1, 2023
The Finance Act 2023 (Act 845), which was gazetted on 31 May 2023, incorporates a change in the tax rates for resident individuals. Under this change, middle-income resident individuals will benefit from a 2% reduction in their individual income tax rate. On the other hand, higher-income resident individuals will experience an increase in their tax […]
Federal Court Affirms Employees’ Rights to Trade Union Activities: The Ismail v MAS Case
The Federal Court’s decision in the case of Ismail Nasaruddin Abdul Wahab v Malaysian Airline System Bhd [2022] addressed the dismissal of Ismail Nasaruddin Abdul Wahab (“Ismail”), the president of the National Union of Flight Attendants Malaysia (“NUFAM”), by Malaysia Airline System Bhd (“MAS”) in 2013. Facts In 2013, a group of cabin crew employees […]
Separate Source & Separate Account for Para 7 of the P.U. (A) 161/2019, 162/2019 and 163/2019
Before we get into the details of paragraph 7, let’s first understand the context of these income tax exemption orders. The orders, namely P.U. (A) 161/2019, 162/2019, and 163/2019, were gazetted on 7th June 2019. They provide income tax exemptions for companies that promote exporting certain manufactured products and agricultural produce. Now, let’s focus on […]
Determination of the Value of Increased Exports for P.U. (A) 161/2019, 162/2019 and 163/2019
P.U. (A) 161/2019, 162/2019 and 163/2019 are Income tax exemption orders for companies achieving an increase in export sales (gazetted on 7 June 2019). Determination of the Value of Increased Exports was stated in Paragraph 5(1)(b) of P.U. (A) 161/2019. 162/2019 and 163/2019, respectively, as below. In determining the value of increased exports, however, where […]
Increase in export sales of Agricultural Produce or Manufacturing Products: Tax Exemption
Today we will discuss an interesting topic related to the Income Tax Act of 1967 and a specific exemption order. This may be relevant if you’re a business owner or interested in tax matters! Let’s dive right in. Our question for today is: What is the Income Tax (Exemption) (No. 5) Order 2019 [P.U. (A) […]
Increase in export sales of Agricultural Produce or Manufacturing Products: Tax Exemption
Today we will discuss an interesting topic related to the Income Tax Act of 1967 and a specific exemption order. This may be relevant if you’re a business owner or interested in tax matters! Let’s dive right in. Our question for today is: What is the Income Tax (Exemption) (No. 6) Order 2019 [P.U. (A) […]
MIA Webinar Series: Interview For Approved Company Auditors
I am honoured to be one of the facilitators for the Today Malaysian Institute of Accountants (MIA) Webinar Series: Interview For Approved Company Auditors. It is a privilege to contribute to this important event and engage with professionals in the accounting field. I am committed to delivering a valuable and informative session for all participants. […]
New Tax Payment Link from IRBM
Hello everyone, We just wanted to let you know that a new tax payment link is available for you to refer to. To make your tax payments, please use the following link: https://byrhasil.hasil.gov.my/HITS_EP/ If you have any further questions or need assistance regarding tax payments:- Thank you for your attention. Disclaimer: The articles, templates, and […]
《SVDP 2 0 再给自己一次机会报税》
To get more info： 1. Special Voluntary Disclosure Programme 2.0: Something that You Must Know https://www.ccs-co.com/post/special-voluntary-disclosure-programme-2-0-something-that-you-must-know 2. Voluntary Disclosure Program: Indirect Taxes Disclaimer: The articles, templates, and other materials on our website are provided only for your reference. While we strive to ensure that the information presented is current and accurate, we cannot guarantee the […]
Application for Approval as a Company Auditor
To apply for audit approval, the applicant needs to follow these steps: Registration as a Bless user Guidance on first-time registration to the BLESS System (Business Licensing Electronic Support System) can be downloaded here: Application for Approval as a Company Auditor Guidelines For Approval as a Company Auditor (Effective 1st April 2023) can be downloaded […]
