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
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 […]
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 (Exchange of Information) Rules 2021
1. On 1 December 2021, the Minister, in the exercise of the powers conferred by paragraph 154(1)(c) of the Income Tax Act 1967 [Act 53], Income Tax (Exchange of Information) Rules 2021[P.U. (A) 436] 2. The Income Tax (Exchange of Information) Rules 2011 [P.U.(A) 219/2021] was revoked, and the 2021 Rules took effect on December […]
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 the Sponsorship of Scholarship to Malaysian Student
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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 […]
Deduction for Expenses in relation to Secretarial Fee and Tax Filing Fee
1. On 24 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 Expenses in relation to Secretarial Fee and Tax Filing Fee) (Amendment) Rules 2021 [P.U. (A) 471]. 2. These Rules have […]
