Income Tax (Deduction for Invt. in a Project of Commercialisation of R&D Findings) Rules 2022
1. On 6 January 2022, the Minister, in the exercise of the powers conferred by paragraph 154(1)(b) read together with paragraph 33(1)(d) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Deduction for Investment in a Project of Commercialisation of Research and Development Findings) Rules 2022 [P.U. (A) 3] 2. These Rules […]
FAQs on the implementation of Tax Identification Number, TIN
1. As a strategy to increase tax compliance while broadening the tax base, Malaysians over the age of 18 and business entities will be issued a TIN, which is similar to the procedure in many other countries. 2. The Income Tax Act 1967 (“the Act”) accordingly added a new section, section 66A, to give effect […]
Income Tax (Exemption)(No. 13) Order 2021: Export of Private Health Care Services
1. On 31 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) Order 2021 [P.U. (A) 501]. 2. This Order has effect from the year of assessment 2021 until the year of assessment 2022. 3. Join […]
Double Tax Deduction for the Sponsorship of Scholarships to Malaysian Students
1. On 31 December 2021, the Minister, in the exercise of the powers conferred by paragraph 154(1)(b) read together with paragraph 33(1)(d) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Deduction for the Sponsorship of Scholarship to Malaysian Student Pursuing Studies at the Technical and Vocational Certificate Levels) Rules 2021 [P.U. […]
RM 20,000 Tax Rebate for the Newly Set Up Company – Conditions Apply
1. On 31 December 2021, the Minister, in the exercise of the powers conferred by subsection 6D(4) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Conditions for the Grant of Rebate under subsection 6D(4)) Order 2021 [P.U. (A) 504]. 2. From YA 2021, a tax rebate [section 6D(4)] will be provided […]
Income Tax (Exemption) (No. 12) Order 2021: Arts or Cultural Activities, Sports, etc.
1. On 27 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. 12) Order 2021 [P.U. (A) 478] 2. This Order has effect from the year of assessment 2020 until the year of assessment 2025. 3. […]
Special Deduction for Reduction of Rental to a Small and Medium Enterprise
1. On 27 December 2021, the Minister, in the exercise of the powers conferred by paragraph 154(1)(b) read together with paragraph 33(1)(d) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Special Deduction for Reduction of Rental to a Small and Medium Enterprise) (Amendment) Rules 2021 [P.U. (A) 479]. 2. These Rules […]
Income Tax (Special Deduction for Reduction of Rental to a Tenant other than a Small and Medium
1. On 27 December 2021, the Minister, in the exercise of the powers conferred by paragraph 154(1)(b) read together with paragraph 33(1)(d) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Special Deduction for Reduction of Rental to a Tenant other than a Small and Medium Enterprise) (Amendment) Rules 2021 [P.U. (A) […]
Costs of Renovation and Refurbishment of Business Premise
Income Tax (Costs of Renovation and Refurbishment of Business Premise)(Amendment) Rules 2021 – PDF P.U (A) 481 – Income Tax (Costs of Renovation and Refurbishment of Business Premise)(Amendment) Rules 2021 – As at 27 December 2021 P.U. (A) 381 – Income Tax (Costs of Renovation and Refurbishment of Business Premise)(Amendment) Rules 2020 – As at […]
Labuan Business Activity Tax (Requirements for Labuan Business Activity) Regulations 2021
1. The Minister makes the following regulations, which were gazetted on 22 November 2021, in the exercise of the powers provided by paragraph 21(1)(a) read in conjunction with section 2B(1)(b) of the Labuan Business Activity Tax Act 1990 [Act 445]. 2. Join our Telegram: http://bit.ly/YourAuditor1 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻 1. 部长在行使与《1990年纳闽商业活动税法令》[第445号法案] 第2B(1)(b)条一并解读的第21(1)(a) 段所授予的权力，制定以下条例，并于2021年11月22日在宪报颁布 2. 加入我们的 Telegram：http://bit.ly/YourAuditor 🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼 9
