Guide and Flowchart for Submission of Form and Appendix for the 2% WHT under Section 107D
On its website, the Inland Revenue Board of Malaysia (IRBM) has published the following Guide and Flowchart: The Inland Revenue Board of Malaysia (LHDNM) has provided the latest Amended Form CP107D(2) [Amendment 1/2023]. The amendment is intended to align the 2% tax deduction amount calculation. The procedure for submitting the form that must be complied […]
Meet Jacqueline, CCS’s Cheras branch Assurance Department Manager
Meet Jacqueline, CCS’s Cheras branch Assurance Department Manager, a highly experienced professional with over a decade of audit, taxation, and accounting expertise. Jacqueline joined CCS in 2010 after completing her studies at Sunway University and has since become a member of the CCS core team. She is a member of the Association of Chartered Certified […]
The Finance Bill 2023: Proposed Amendments to Real Property Gains Tax Act in Malaysia
On 14 March 2023, the Dewan Rakyat of the Malaysian Parliament tabled the Finance Bill 2023 for its first reading. Amongst other things, the Bill proposes amendments to the Real Property Gains Tax Act 1976 (‘RPGTA’) in relation to: In this article, we explore the proposed changes to the RPGTA and their potential implications for […]
Q & A on Service Tax on Digital Service and Implementation of Sales Tax on Low-Value Goods
The Royal Malaysian Customs Department (RMCD) has uploaded a list of Questions and Answers (Q & A) regarding the Service Tax on Digital Services (SToDS) and the Implementation of Sales Tax on Low-Value Goods (LVG) on February 3, 2023, following a webinar organised by the RMCD on January 17, 2023. This Q&A publication clarifies matters […]
Sports Development (Amendment of First Schedule) Order 2023
Please be informed that the Minister has made an order under section 37 of the Sports Development Act 1997 [Act 576]. The order, known as the Sports Development (Amendment of First Schedule) Order 2023, will come into effect on March 10, 2023. This order amends the First Schedule of the Sports Development Act 1997 by […]
Customs Duties (Exemption)(Amendment) Order 2023
We would like to inform you of the recent amendment to the Customs Duties (Exemption) Order 2017 [P.U. (A) 445/2017] through the Customs Duties (Exemption) (Amendment) Order 2023. The amendment, which comes into operation on 9 March 2023, affects item 94 in Part I of the Schedule of the Customs Duties (Exemption) Order 2017. The […]
Tourism Tax (Digital Platform Service Provider) (Amendment) Regulations 2023
The Ministry has issued new regulations, the Tourism Tax (Digital Platform Service Provider) (Amendment) Regulations 2023, which will come into effect on March 2, 2023. These regulations amend the Tourism Tax (Digital Platform Service Provider) Regulations 2021 and require every digital platform service provider issuing an invoice or receipt relating to accommodation premises to include […]
Tourism Tax (Compounding of Offences) Regulations 2023
With the Public Prosecutor’s approval, the Ministry has issued the Tourism Tax (Compounding of Offences) Regulations 2023 under the Tourism Tax Act 2017 [Act 791]. These regulations will come into effect on 2 March 2023 and prescribe certain offences as compoundable, which may be compounded with the written consent of the Public Prosecutor. Upon receiving […]
Deferment of imposition of sales tax on low-value goods (LVG)
Sales Tax applies to all taxable goods produced domestically or imported from other countries into Malaysia. Nevertheless, Low-Value Goods (LVG) imported by air couriers from overseas are exempt from Sales Tax under the de minimis facility, which permits a waiver of small tax amounts for efficiency reasons. The Ministry of Finance announced in Budget 2022 […]
Customs (Anti-Dumping Duties) (Extension) Order 2023 [P.U.(A) 33/2023]
Please be advised that the Minister has issued an order under section 25 of the Countervailing and Anti-Dumping Duties Act 1993 [Act 504] and subsection 11(1) of the Customs Act 1967 [Act 235]. This order, known as the Customs (Anti-Dumping Duties) (Extension) Order 2023, extends the Customs (Anti-Dumping Duties) Order 2018 published in P.U. (A) […]
