2: Tax Incentives for The East Coast Economic Region (ECER) – Tax Exemption
1. The East Coast Economic Region (ECER) was formed in 2007 with the launch of the ECER Master Plan by the Federal Government.2. The formation of ECER was intended to accelerate economic growth and ensure equitable distribution of wealth across the country, in line with national aspirations to become a high-income developed nation by 2020. […]
Tax Incentives for Sabah Development Corridor (SDC)
1. The Sabah Development Corridor (SDC) Blueprint, which was launched on 28 January 2008, is implemented with the aim of bringing the quality of life of Sabah’s people up another level as well as accelerating the economic growth for Sabah while promoting regional balance and bridging the rural-urban divide and concurrently ensuring sustainable management of […]
Geographical Indications Act 2022: Is given 10 years of protection
1. A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. In order to function as a GI, a sign must identify a product as originating in a given place. 2. A registered geographical indication is given […]
Licensed Digital Bank – Minimum Amount of Capital Funds or Surplus of Assets over Liabilities
1. The Financial Services (Minimum Amount of Capital Funds or Surplus of Assets over Liabilities) (Licensed Person) (Amendment) Order 2022 [P.U. (A) 58] was gazetted on March 17, 2022, by the Minister, in the exercise of the powers conferred by subsection 12(1) of the Financial Services Act 2013 [Act 758]. 👉 The Order will come […]
Patents (Amendment) Act 2022: to bring our Patent Laws into line with International Developments
1. Except for s 14, para 26(a), s 45 and 47, para 48(a), s 55, and para 57(b), the Patents (Amendment) Act 2022 went into effect on March 18, 2022. At the same time as the Amendment Act came into operation, two pieces of subsidiary legislation were issued and entered into force, namely: 👉 Patents […]
Is Dividend Income Taxable?
1. Malaysia has a single-tier taxation structure: 👉 Dividends are tax-exempt in shareholders’ hands. 👉 Dividends distributed to shareholders are not required to be taxed, and no tax credits will be available to reduce the shareholders’ tax liability. 2. Join our Telegram – https://t.me/YourAuditor 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻 1. 马来西亚的税收结构是单层的: 👉 股息在股东手中是免税的。 👉 因此，分配给股东的股息股东不需要再纳税，也不会有税收抵免来减少股东的税负。 2. 不知不觉，又到了个人所得税申报的季节了，你是否准备好了呢？ 3. 如果你还在为自己的个人所得税忧心，不妨报名参加 […]
1: Tax Incentives for The East Coast Economic Region (ECER) – Tax Exemption
1. The East Coast Economic Region (ECER) was formed in 2007 with the launch of the ECER Master Plan by the Federal Government. 2. The formation of ECER was intended to accelerate economic growth and ensure equitable distribution of wealth across the country, in line with national aspirations to become a high-income developed nation by […]
Licensed Islamic Digital Bank – Min Amount of Capital Funds or Surplus of Assets over Liabilities
1. The Islamic Financial Services (Minimum Amount of Capital Funds or Surplus of Assets over Liabilities) (Licensed Person) (Amendment) Order 2022 [P.U. (A) 59] was gazetted on March 17, 2022, by the Minister, in the exercise of the powers conferred by subsection 12(1) of the Islamic Financial Services Act 2013 [Act 759]. 👉 The Order […]
Copyright (Amendment) Act 2022： Published Works for Blind, Visually Impaired & Otherwise Print Dis.
1. Except for Sections 4, 5, 6, and 10, the Copyright (Amendment) Act 2022 went into effect on March 18, 2022. At the same time as the Amendment Act was passed, two pieces of subsidiary legislation were issued and entered into force, namely: 👉 the Copyright (Collective Management Organization) Regulations 2022 [P.U.(A) 61/2022]; and 👉 […]
Ascertaining Chargeable Income
1. Individual tax residents must subtract personal reliefs — such as those for the individual taxpayer, children, and so on — from their Total Income to arrive at Chargeable Income. 2. Next, it is necessary to apply the appropriate tax rates to the Chargeable Income, which are determined by: 👉 the type of taxpayer in […]
