Automation Capital Allowance for Automation Equipment in Manufacturing, Services & Agriculture
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on 15 July 2023- Dialogue between MOF, LHDNM, and CTIM [21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable.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 Automation Capital Allowance (ACA) is a tax […]
Extension of Individual Income Tax Relief for Child Care Centre or Kindergarten Fees
Update: The Ismail Sabri Government Budget is no longer applicable.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 To alleviate the burden of working parents, effective from the YA 2017, a new paragraph 46(1)(r) of the ITA […]
Extension of Tax Incentive for the Shipbuilding and Ship Repairing 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Updated on 15 July 2023- Dialogue between MOF，LHDNM， and CTIM [21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable.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 Shipbuilding and Ship Repairing Industry Malaysia’s strategic […]
Review of Income Tax Rate for Micro, Small and Medium Enterprises
Update: The Ismail Sabri Government Budget is no longer applicable.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 A Company or Limited Liability Partnership (LLP) that has a paid-up capital of RM2.5 million and below with an […]
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on 15 July 2023- Dialogue between MOF, LHDNM, and CTIM [21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable.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 […]
Import Duties and Sales Tax Exemption on Studio and Filming Production Equipment
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 Dasar Industri Kreatif Negara has been introduced to empower the creative industries holistically based on creativity and innovation by […]
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 […]
Review of Tax Deduction on Cost of Listing in Bursa Malaysia
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 A deduction on expenses made by a technology-based company in connection with listing in the ACE (i.e. Access, Certainty, […]
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 […]
Tax Deduction on Issuance Cost of Sustainable and Responsible Investment Linked Sukuk
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 The Securities Commission Malaysia has introduced the framework on Sustainable and Responsible Investment Sukuk (SRI), which enables fundraising by […]
