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 […]
25: Income Derived by Individuals Exercising Employment Aboard Ships
Income Derived by Individuals Exercising Employment Aboard Ships – PDF 1. Although it is a high-risk job, many people still work hard every year to get on board and undergo various examinations and training to become crew members. 2. How should sailors and seafarers be treated for income tax purposes when they sail for long […]
How Can You Save More Tax by Planning your Spending: Reference Materials
<How Can You Save More Tax by Planning your Spending>: Reference Materials Taxes are one of life’s unavoidable realities, and no one enjoys having to give up a portion of their hard-earned money. The good news is that it is feasible to either pay less in taxes or obtain a larger refund at the end […]
24: FAQs – Special Income Remittance Programme (PKPP)
FAQs – Special Income Remittance Programme (PKPP) 1. The Inland Revenue Board (IRB) has published Frequently Ask Questions (FAQs) about a “Special Program for the Remittance of Foreign Income” for Malaysian Tax Residents who have money kept outside of Malaysia. 2. To find out more, you may consider tonight’s Live – https://lnkd.in/g7aTtcd2 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻 1. 税收局 […]
Guidelines on Types of Serious Illness for the Purposes of Para 46 (1) (g) of the ITA1967
Garis Panduan Berkenaan Dengan Jenis Penyakit Serius Bagi Maksud Perenggan 46(1)(g) Akta Cukai Pendapatan 1967 The IRB has on 4 May 2011 issued guidelines on serious diseases for the purpose of claiming relief under s 46(1)(g). A taxpayer may claim relief of not more than RM8,000 on medical expenses expended on himself/herself, his/her spouse and […]
Application Form for Revision of Corporate Income Tax Estimates Amendment For YA 2021 & 2022
1. Companies are required to pay tax in monthly instalments depending on estimated tax liabilities. Each month’s instalments must be paid on or by the 15th of the month. 2. A 10% penalty may be imposed for late or inadequate payments. If the actual tax payable exceeds the estimate by more than 30%, a 10% […]
Unabsorbed Losses extended to a Maximum Period of 10 consecutive Years of Assessment
Budget 2022 Highlights – Review of Tax Treatment on Unabsorbed Losses – PDF 1. The Budget 2022 was tabled in Parliament on 29 October 2021, It is proposed that: 👉 the current unabsorbed business losses that can be carried forward from the year of assessment 2019 onwards be extended from a maximum period of 7 […]
LHDN : Income Tax (Special Treatment for Bank or Development Financial Institution
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Cost of Detection Test of COVID-19 for Employees: Double Deduction
1. Under these Rules: 👉 Employer costs incurred between January 1, 2021, and December 31, 2021, will now be eligible for a further deduction. 👉 This means that a double deduction will be allowed for expenses incurred by an employer in a Covid-19 Detection Test carried out on its employee. The IRBM’s Response The Inland […]
