Voluntary Disclosure Program (VDP): Indirect Taxes
We are pleased to inform you that the Royal Malaysian Customs Department (RMCD) will be reintroducing a Voluntary Disclosure Program (VDP) for indirect taxes, as announced by the Minister of Finance during the Budget 2023 speech on 24th February 2023. The VDP will cover mistakes or omissions related to indirect taxes previously unknown or undiscovered […]
Special Voluntary Disclosure Programme 2.0: Something that You Must Know
Media Release By Ministry of Finance Implementation of Voluntary Disclosure Program starting June 6, 2023 In line with the announcement made in Budget 2023, the Government will reintroduce the Voluntary Disclosure Program (VDP) as one of the initiatives to expand the number of taxpayers, enhance tax compliance, and increase national revenue. The VDP provides an […]
Finance Act 2023
After a long wait, the Finance Act 2023 was finally gazetted on 31 May 2023. Amendments to various acts have been made, including: For those interested in reading more, we to download the attachments below to access the full context:- 140.1 Finance Act 2023 Amendments to the Income Tax Act 1967 are as follows:- Amendment […]
Appointment from SEDA
Welcome to CCS: Your Trusted Auditing Partner At CCS, we understand the importance of accuracy and transparency in financial matters. With years of experience in the auditing industry, we have built a strong reputation for delivering comprehensive and reliable audit services to our clients. Our partnership with the Sustainable Energy Development Authority (SEDA) Malaysia (https://www.seda.gov.my/) […]
Excise Duties (Amendment) (No. 2) Order 2023
In accordance with the powers vested in the Minister by subsection 6(1) of the Excise Act 1976 [Act 176], the Excise Duties (Amendment) (No. 2) Order 2023 is hereby proclaimed. This order will come into effect from 1st May 2023. The Excise Duties Order 2022 [P.U. (A) 163/2022] is amended in the Schedule as follows: […]
Customs Duties (Goods of ASEAN Origin) (ASEAN Harmonised Tariff Nomenclature and ASEAN TIG Agreement
In exercise of the powers conferred by subsection 11(1) of the Customs Act 1967 [Act 235], the Minister has issued the Customs Duties (Goods of ASEAN Countries Origin) (ASEAN Harmonised Tariff Nomenclature and ASEAN Trade in Goods Agreement) (Amendment) (No. 3) Order 2023. This order will be effective from 1st May 2023. The Customs Duties […]
Customs Duties (Goods under CPTPP) (Amendment) Order 2023
In exercise of the powers conferred by subsection 11(1) of the Customs Act 1967 [Act 235], the Minister has issued the Customs Duties (Goods under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership) (Amendment) Order 2023. This order will be effective from 1st May 2023. The Customs Duties (Goods under the Comprehensive and Progressive Agreement […]
Stamp Duty (Exemption) (No. 11) 2021 (Amendment) Order 2023
In exercise of the powers conferred by subsection 80(1) of the Stamp Act 1949 [Act 378], the Minister has issued the Stamp Duty (Exemption) (No. 11) 2021 (Amendment) Order 2023. This order is deemed to have come into operation on 1 January 2023. The Stamp Duty (Exemption) (No. 11) Order 2021 [P.U. (A) 367/2021], previously […]
Sales Tax (Exemption from Registration) Order 2023
In exercise of the powers conferred by subsection 20(1) of the Sales Tax Act 2018 [Act 806], the Minister has issued the Sales Tax (Exemption from Registration) Order 2023. This order provides an exemption from registration for any person engaged in manufacturing finished goods of the Royal Pahang Weave, regardless of the total sale value […]
Services Tax (Amendment) Regulations 2023
In exercise of the powers conferred by section 91 of the Service Tax Act 2018 [Act 807], the Minister has made the Services Tax (Amendment) Regulations 2023. These regulations, which come into operation on 15 May 2023, introduce amendments to the existing Service Tax Regulations 2018 [P.U. (A) 214/2018]. The amendments include the following changes: […]
