Tourism Tax (Amendment) Regulations 2023
The Minister, in accordance with section 70 of the Tourism Tax Act 2017, has made the Tourism Tax (Amendment) Regulations 2023. These Regulations have been enforced since 2 March 2023. This post outlines the amendments to the Tourism Tax Regulations 2017 [P.U. (A) 228/2017]:- Addition of Part IIA – Invoice or Receipt: Operators who issue […]
Malaysian Income Tax Reporting System (MITRS): Scope Expanded
Letter from IRBM dated 28 September 2020 The Inland Revenue Board of Malaysia (IRBM) has introduced an online platform for electronically submitting tax returns called the Malaysian Income Tax Reporting System (MITRS), as stated in a letter dated 28 September 2020 to professional bodies. The MITRS platform is developed based on the XBRL (eXtensible Business […]
Updated Guideline on Real Property Gains Tax
The Inland Revenue Board of Malaysia has released a new Real Property Gains Tax (RPGT) guideline on its website. Dated 6 January 2023, the guideline is written in Bahasa Malaysia. It clarifies the scope of imposition, calculation of RPGT, exemptions, and the responsibilities of the disposer and acquirer in the disposal of chargeable assets in […]
Tourism Tax (Compounding of Offences) Regulations 2023
With the Public Prosecutor’s approval, the Ministry has issued the Tourism Tax (Compounding of Offences) Regulations 2023 under the Tourism Tax Act 2017 [Act 791]. These regulations will come into effect on 2 March 2023 and prescribe certain offences as compoundable, which may be compounded with the written consent of the Public Prosecutor. Upon receiving […]
Tourism Tax (Digital Platform Service Provider) (Amendment) Regulations 2023
The Ministry has issued new regulations, the Tourism Tax (Digital Platform Service Provider) (Amendment) Regulations 2023, which will come into effect on March 2, 2023. These regulations amend the Tourism Tax (Digital Platform Service Provider) Regulations 2021 and require every digital platform service provider issuing an invoice or receipt relating to accommodation premises to include […]
Customs Duties (Exemption)(Amendment) Order 2023
We would like to inform you of the recent amendment to the Customs Duties (Exemption) Order 2017 [P.U. (A) 445/2017] through the Customs Duties (Exemption) (Amendment) Order 2023. The amendment, which comes into operation on 9 March 2023, affects item 94 in Part I of the Schedule of the Customs Duties (Exemption) Order 2017. The […]
Tax Investigation Framework 2023
The Inland Revenue Board of Malaysia (IRBM) released the Tax Investigation Framework, effective 1 January 2023. This new framework replaces the Tax Investigation Framework dated 1st January 2020 and is available in Bahasa Malaysia. The updated Framework includes amendments to several key paragraphs, such as:- * Para 11 in the previous Framework referred to “Payment […]
Sports Development (Amendment of First Schedule) Order 2023
Please be informed that the Minister has made an order under section 37 of the Sports Development Act 1997 [Act 576]. The order, known as the Sports Development (Amendment of First Schedule) Order 2023, will come into effect on March 10, 2023. This order amends the First Schedule of the Sports Development Act 1997 by […]
Budget 2024 Announcement on 13 October 2023
According to the information available on the Parliament website, the tabling of the Budget 2024 is scheduled for Friday, 13 October 2023. Disclaimer: The articles, templates, and other materials on our website are provided only for your reference. While we strive to ensure that the information presented is current and accurate, we cannot guarantee the […]
Q & A on Service Tax on Digital Service and Implementation of Sales Tax on Low-Value Goods
The Royal Malaysian Customs Department (RMCD) has uploaded a list of Questions and Answers (Q & A) regarding the Service Tax on Digital Services (SToDS) and the Implementation of Sales Tax on Low-Value Goods (LVG) on February 3, 2023, following a webinar organised by the RMCD on January 17, 2023. This Q&A publication clarifies matters […]
