CCS

50% Tax Exemption for Investment in Equity Crowdfunding

1. In Malaysia, the amendments to the existing Employment Act 1955 have been the subject of much expectation over the past few years. 在马来西亚,对现有的1955年劳工法令的修订在过去几年中,一直是受薪一族所期待的。 To Download – Employment Act 1955 👇 2. The Employment (Amendment) Bill (“the bill”) 2021 was passed by Dewan Negara on 30 March 2022. 2021年就业(修订)法案于2022年3月30日,在国会获得上议院的通过。 To Download – Employment (Amendment) Bill […]

Employment (Amendment) Act 2022

Individual investors who invest in equity crowdfunding platforms certified by the Securities Commission (SC) will be eligible for a tax exemption on a specified amount of aggregate income. This incentive was suggested in Budget 2021. The proposal has been legitimised by the Income Tax (Exemption) (No. 4) Order  2022. 投资于证券委员会(SC)认证的股权众筹平台的个人投资者的总收入将有资格获得特定金额的免税待遇。 这项税务优惠措施是在2021年预算案中被提出的。2022年所得税(豁免)(第4号)指使该建议立法。 Interpretation For the purposes […]

Sports Development Act 1997

s 46(1)(p) of the ITA 1967: an amount expended or deemed expended under subsection (3) in that basis year by that individual for the purchase of sports equipment for any sports activity as defined under the Sports Development Act 1997 (excluding motorized two-wheel bicycles) and gym memberships for his own use or for the use […]

New Section 87A – Court Order for Payments due to Employee

Latest Update: 16-5-2022 1. The Employment (Amendment) Bill 2021 (“the Bill”) was presented on October 25, 2021. 2. Dewan Rakyat approved the Employment (Amendment) Bill 2021 on March 21, 2022. 3. Dewan Negara passed the Employment (Amendment) Bill 2021 on March 30, 2022. 4. The Employment (Amendment) Act 2022 was gazetted into law on May […]

Amendment of Section 86 – Saving clause as to Civil Jurisdiction of Courts

Latest Update: 16-5-2022 1. The Employment (Amendment) Bill 2021 (“the Bill”) was presented on October 25, 2021. 2. Dewan Rakyat approved the Employment (Amendment) Bill 2021 on March 21, 2022. 3. Dewan Negara passed the Employment (Amendment) Bill 2021 on March 30, 2022. 4. The Employment (Amendment) Act 2022 was gazetted into law on May […]

Amendment of Section 84 – Jurisdiction

Latest Update: 16-5-2022 1. The Employment (Amendment) Bill 2021 (“the Bill”) was presented on October 25, 2021. 2. Dewan Rakyat approved the Employment (Amendment) Bill 2021 on March 21, 2022. 3. Dewan Negara passed the Employment (Amendment) Bill 2021 on March 30, 2022. 4. The Employment (Amendment) Act 2022 was gazetted into law on May […]

Amendment of Section 82 – Service of Summons

Latest Update: 16-5-2022 1. The Employment (Amendment) Bill 2021 (“the Bill”) was presented on October 25, 2021. 2. Dewan Rakyat approved the Employment (Amendment) Bill 2021 on March 21, 2022. 3. Dewan Negara passed the Employment (Amendment) Bill 2021 on March 30, 2022. 4. The Employment (Amendment) Act 2022 was gazetted into law on May […]

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