Announcement Regarding the Closure of Group Electronic Form Submission (e-BaS) via TaeF
The Inland Revenue Board of Malaysia (HASiL) issued a letter to CTIM and other professional groups on August 3, 2023, about the Notice of Closure of Uploading of e-Form Submission in Batches (e-BaS facility) through TAeF. Reference:- Disclaimer: The articles, templates, and other materials on our website are provided only for your reference. While we […]
（中文版）马来西亚内陆税收局 2023 年电子发票指南 | e-Invoice Guideline Year 2023 Inland Revenue Board of Malaysia
尊敬的商家朋友们，您好！ 我们非常高兴地宣布，CCS Group 的线上分享会已经圆满举行！ 如果您错过了这场精彩的活动，别担心，我们已经将整个分享分成了八个简洁明了的部分，方便您逐步了解和学习。 以下是我们分享会的八个部分简介： Mr Chin, CCS Founder Part 1: 电子发票 (e-Invoice) 的概述 [https://www.youtube.com/watch?v=o1crSc_gGS8] Part 2: 电子发票的好处 – [https://www.youtube.com/watch?v=g7gZ2VvTcH4&t=0s] Part 3: 电子发票要求概览 – [https://www.youtube.com/watch?v=0kNQ8krwE74&t=0s] Part 4: 电子发票流程全貌 – [https://www.youtube.com/watch?v=R2PUexLokWE&t=0s] Part 5: 电子发票的准备工作 – [https://www.youtube.com/watch?v=Iy429wLbvNQ&t=0s] Part 6: 针对电子发票的总结 – [https://www.youtube.com/watch?v=ohd7NN8ZaBY&t=0s] AutoCount 行销与市场董事, Alex Ng Part 7: 从会计软件看电子发票 – [https://www.youtube.com/watch?v=1HSWRexijBc&t=0s] Part 8: Q&A – [https://www.youtube.com/watch?v=UAikq8mMLVQ&t=1s] […]
Income Tax (Exemption) (No. 3) Order 2023：New Principal Hubs
IN exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax Act 1967 [Act 53], the Minister makes the Income Tax (Exemption) (No. 3) Order 2023 [P.U. (A) 252/2023]. This Order, alongside the earlier Income Tax (Exemption) (No. 2) Order 2023, was gazetted by the Minister of Finance to provide tax incentives for […]
Steps for Tax Firms to Prepare for TAeF 2.0 Transition
The Inland Revenue Board of Malaysia (LHDNM) has issued a notice informing tax agents and tax firms of the upcoming launch of the new TAeF 2.0 system in November 2023. The enhanced Tax Agent e-Filing system aims to improve the efficiency and integration of tax e-services through the MyTax portal. In preparation for the transition, […]
Income Tax (Exemption) (No. 2) Order 2023: Existing Principal Hub
Here is an announcement covering the critical information from the Income Tax (Exemption) (No. 2) Order 2023 [P.U. (A) 251/2023], which is deemed to have effect from the year of assessment 2019. A principal hub referred to under this Order is a company which— The government has introduced a tax exemption incentive for principal hubs […]
TRSB v KPHDN: Taxpayer’s Tax Forms Were Right, Taxman’s Penalty Was Wrong
Here is an analysis of the TR Sdn Bhd (TRSB) tax case in October 2022: Introductory Paragraph This was an appeal by TR Sdn Bhd (“Appellant”) against a decision of the Special Commissioners of Income Tax (“SCIT”), which upheld penalties imposed by the Inland Revenue Board (“IRB”) under Section 112(3) of the Income Tax Act […]
Clinic and Taxman Lock Horns Over Expense Deductions
A clinic wanted to reduce some of their expenses on their tax return. But the taxman looked deeper into some of the expenses, including: and didn’t seem to agree. Instead, the clinic said these expenses were related to caring for patients and selling healthcare products and were, therefore, very important expenses for the business. However, […]
Sales Incentives Ruled Business Expenses, Not Entertainment
Here is an analysis of the Khind-Mistral (Borneo) Sdn Bhd tax case: Introductory Paragraph This is an income tax case involving the deductibility of sales incentive trips provided by Khind-Mistral (Borneo) Sdn Bhd (“Company”) to its dealers who achieved sales targets. The trips were claimed as deductible expenses under Section 33(1) of the Income Tax […]
Navigating the Rules: Traveling Expenses and Tax Deductions
Introduction The deductibility of travel expenses has been a common issue disputed between taxpayers and tax authorities. Several landmark UK tax cases have established important principles that guide the resolution of such disputes in Malaysia as well. Revenue Law Under Malaysian tax law, expenses are deductible under Section 33(1) if they are wholly and exclusively […]
Initial Financing Costs Sink Manufacturers’ Tax Appeal
PM v DGIR, PR v DGIR, PI v DGIR 20.1.2020 The petitioners are called PM, PR, and PI, which seem to be abbreviations for company names. Obtaining financing can be costly for businesses, but can those costs be deducted against taxable income? Three manufacturing companies found out that the answer is often no, as tax […]
