Income Tax Treatment of Wage Subsidy Programmes
1. We would like to remind taxpayers who receive the grant and/or subsidy: 👉 to pay attention to how the grant and/or subsidy are treated 👉 since the Subsidy Wages that employers get under the Wage Subsidy Programs are a kind of government assistance. 2. Taxpayers are exempt from tax under the Income Tax (Exemption) […]
Income Tax Treatment of Interest expense incurred during the Moratorium Period
Income Tax Treatment of Interest expense incurred by SMEs and individuals during the Moratorium Period – PDF 1. According to S.33(4) of the ITA 1967: “For the purposes of paragraph (1)(a) and subsection (2), where any sum payable for a basis period for a year of assessment is not due to be paid in that […]
Tax Collection Framework 2021
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Form CP 204B (Revised 2020)
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Income Tax (Exemption) (No. 9) Order 2021: Tour Operating Business
The Minister exempts a qualifying person from the payment of income tax in a basis period for a year of assessment in respect of the statutory income derived from a qualifying activity. P.U. (A) 344 (2021）- Stamp Duty (Exemption) (No. 9) Order 2021 – 23 August 2021 1. Under this Exemption Order:- 👉 Tourism companies […]
Income Tax (Special Deduction for Reduction of Rental to a Small and Medium Enterprise) Rules 2021
Special Deduction for Reduction of Rental to a Small and Medium Enterprise P.U. (A) 353 (2021）- Income Tax (Special Deduction for Reduction of Rental to a Small and Medium Enterprise) Rules 2021 – 8 September 2021 1. 根据这项细则 [Income Tax (Special Deduction for Reduction of Rental to a Small and Medium Enterprise) Rules 2021]： 👉 […]
Income Tax (Special Deduction for Reduction of Rental to Tenant other than a SME) Rules 2021
Special Deduction for Reduction of Rental to a Tenant other than a Small and Medium Enterprise P.U. (A) 354 (2021) – Income Tax (Special Deduction for Reduction of Rental to a Tenant other than a Small and Medium Enterprise) Rules 2021 – 8 September 2021 9
Income Tax (Exemption) (No. 10) Order 2021: Qualifying Capital Expenditure by Qualifying Company
A qualifying company in the basis period for a year of assessment is exempted from the payment of income tax in respect of statutory income derived from a qualifying project, which is equivalent to the amount of allowance of fifty per cent (50%) of the qualifying capital expenditure incurred by that qualifying company. 1. 根据这项指令 […]
Income Tax (Deduction for the Costs of Implementation of Flexible Work Arrangements) Rules2021
In determining the adjusted income of that qualifying person from his business in that year of assessment, a deduction shall be allowed for expenses incurred by that qualifying person in the basis period for the implementation of flexible work arrangements in relation to consultation fee, cost of capacity development, cost of software, and software subscription. […]
Centralization and Decentralization of Taxpayer files of Companies and Non-Companies
The Malaysian Inland Revenue Board (LHDNM) has issued a Media Release (available only in Bahasa Malaysia) dated 13 January 2021 on its website. 马来西亚税收局 (LHDNM) 在其网站上发布了一份日期为2021年1月13日的新闻稿（只有马来语版本）。 7
