Extension of Tax Incentives for the Aerospace Industry
Updated on 15 July 2023- Dialogue between MOF, LHDNM, and CTIM [21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Background to the Aerospace Industry Strategically located at the […]
Review of Tax Incentives for Food Production Project
Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position Certain food production projects, including the planting of vegetables, fruits, kenaf, herbs or spices; the rearing of cows, buffaloes, […]
Tax Incentives for Carbon Capture and Storage
Updated on 15 July 2023- Dialogue between MOF，LHDNM，and CTIM [21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position Malaysia plans to reach its Low Carbon Nation Aspiration […]
Tax Incentives for Chicken Rearing in Closed House System
Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position RA was extended to the agricultural sector to encourage local food production and thus increase its supply. In Budget […]
Use of Form RPGT 502 via e-RPGT is mandatory for payment under s 21B of the RPGT Act 1976
The Inland Revenue Board of Malaysia (IRBM) has announced in its media release dated 16 February 2023 that payment under Section 21B of the Real Property Gains Tax Act 1976 (ACT 1976) using Form CKHT 502 through e-CKHT in the MyTax Portal is mandatory in line with the implementation of the Bill Number as a […]
e-filing Services for Individual & Other Than Individual for Y/A 2022 begin from 1 March 2023
Inland Revenue Board of Malaysia, has released a statement informing the public that e-Filing services for the Year of Assessment 2022 will commence on 1 March 2023. This service is available for both individual and other than individual taxpayers and includes Forms BE, B, M, BT, MT, P, TF, TP, and E. To take advantage […]
Budget 2023: Malaysia Madani
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Import Duty and Sales Tax Exemption on Nicotine Replacement Therapy
Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position Smoking cessation services at Government health clinics and hospitals have been implemented since 2000. Starting in 2015, this programme […]
Review of Individual Resident Income Tax Rates
Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position | 目前情况 The resident individual income tax rate is progressive between 0% and 30% on chargeable income. The income […]
Excise Duty and Sales Tax Exemption on the Sale or Transfer of Individually owned Taxis & Hired Cars
Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position In Budget 2012, excise duty and sales tax exemption were given on the sale/transfer/private use/disposal of budget taxis and […]
