Income Tax (Exemption) Order 2022 – Foreign Sourced Income in calculating Cukai Makmur
1. On 5 April 2022, the Minister, in the exercise of the powers conferred by paragraph 157(3)(b) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Exemption) Order 2022 [P.U. (A) 96]. 2. For the year of assessment 2022, the Minister grants an exemption from the application of the provisions of subparagraph […]
Imposition of Cukai Makmur
Budget 2022 Highlights – Imposition of Cukai Makmur – PDF 1. To aid the affected parties, effective from the year of assessment 2022 a one-time special tax is known as Cukai Makmur be placed on companies other than MSMEs that generate substantial profits during the COVID-19 pandemic period, It is proposed that: 👉 The first […]
