Revised Special Guidelines: Income Tax Deduction for Community/Charity Projects to curb Covid-19
The announcement that contributions (in cash or in-kind) to overcome the COVID-19 outbreak is allowed for deduction under s 34(6)(h) of the Income Tax Act was made by the Government on March 23, 2020. A guideline was then issued by the Ministry of Finance (MOF) to explain the conditions and procedures in such claims. Further, […]
Double Tax Deduction for the Cost of Detection Test of Covid-2019
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], the Minister, on September 9, 2022, gazetted the Income Tax (Deduction for Expenses in relation to the Cost of Detection Test of Coronavirus Disease 2019 (COVID-19) for Employees) (Amendment) Rules 2022 (P.U. […]
Tax Concessions Due to COVID-19 Travel Restrictions expired on 31 December 2021
1. On December 24, 2021, the Inland Revenue Board (IRB) updated the FAQ on International Tax Issues Due to COVID-19 Travel Restrictions (FAQ) and announced: 👉 the Tax concessions Due to COVID-19 Travel Restrictions expired on 31 December 2021 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻 1. 2021年12月24日，税税局 (IRB) 更新了关于新冠肺炎的旅行限制导致的国际税收事项常见问题 [FAQ]，并宣布： 👉 关于新冠肺炎期间的行动限制所给予的税务宽免，于2021年12月31日结束 🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼 10
