Income Tax (Exemption) (No. 13) 2013 (Amendment) Order 2021
1. On 9 December 2021, the Minister, in the exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Exemption) (No. 13) 2013 (Amendment) Order 2021 [P.U. (A) 448]. 2. This Order has effect from the year of assessment 2021. 3. Join our Telegram: http://bit.ly/YourAuditor […]
Income Tax (Deduction for Expenditure on Provision of Employees’ Accommodation) Rules 2021
1. Under these Rules, to ascertain the adjusted income of a company from its business in a basis period for a year of assessment, a Double Deduction of up to fifty thousand ringgit (RM50,000) shall be allowed for the expenses incurred by the company on rental of a premise for employees’ accommodation within the period […]
Stamp Duty (Exemption) (No. 11) 2021 (Amendment) Order 2021
1. On 15 September 2021, the Minister, in the exercise of the powers conferred subsection 80(1) of the Stamp Act 1949 [Act 378], gazetted the Stamp Duty (Exemption) (No. 11) Order 2021 [P.U. (A) 367]. 2. On December 6, 2021, the Minister gazetted the Stamp Duty (Exemption) (No. 11) 2021 (Amendment) Order 2021 [P.U. (A) […]
What Exactly is Considered a Taxable Remittance 3 – How do I Know What Income or Gains I’ve Remitted
What Exactly is Considered a Taxable Remittance 3 – How do I know what income or gains I have remitted – PDF 1. Suppose we have remitted money from overseas to Malaysia. In that case, it can sometimes be difficult to distinguish between different types of income or earnings, especially if you have more than […]
MOF: Individuals to be Exempted from Tax on Foreign Sourced Income until Dec 31, 2026
Siaran Media Kementerian Kewangan Malaysia: Individuals to be exempted from tax on the Foreign-Sourced income until Dec 31, 2026 KUALA LUMPUR, 30 Dis – The government has agreed to exempt taxation on foreign source income (FSI) for resident taxpayers to ensure the smooth implementation of the tax initiative, said the Ministry of Finance (MoF). The […]
MOF – Individual Tax Residents to be Exempted from Tax on Foreign Sourced Income until 31-12-26
1. It was announced by the Ministry of Finance (MOF) in a press release that the government has agreed to exempt from taxation until December 31, 2026 : 👉 all sorts of foreign income generated by individuals, as well as 👉 dividend income earned by Companies and Limited Liability Partnerships. 2. However, this will be […]
What Exactly is Considered a Taxable Remittance 4 – Should I Remit or Not
What Exactly is Considered a Taxable Remittance 4 – Should I Remit or Not – PDF P/S: According to a press release issued by the Ministry of Finance on 30 December, the government has agreed to exempt overseas income from taxation until 31 December 2026, subject to certain conditions. 1. The Ministry of Finance issued […]
Pembangunan Sumber Manusia Berhad (Exemption of Levy) (No. 2) (Amendment) Order 2021
1. Manusia Berhad (Exemption of Levy) (No. 2) (Amendment) Order 2021 by substituting the words “June 30, 2021” for the words “December 31, 2021” in subparagraph 2(2) of the Pembangunan Sumber Manusia Berhad (Exemption of Levy) (No. 2) Order 2021 [P.U. (A) 251/2021]. 2. Put another way, previously, this exemption was available to employers who […]
Labuan company that engages in a qualifying activity under the Global Incentives for Trading program
1. On 23 November 2021, the Minister, in the exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Exemption) (No. 11) Order 2021 [P.U. (A) 425]. 2. This Order is deemed to have come into operation on 1 January 2019. 3. Subsubparagraphs 3(1)(a) and […]
Income Tax Deduction for the Sponsorship of Scholarship to Malaysian Student
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