IRBM’s Response to CTIM on the Tax Corporate Governance Framework (TCGF) & TCGF Guidelines
The new Tax Corporate Governance Framework (“TCGF“), dated April 11, 2022, as well as the Guidelines for the TCG Framework (Guidelines), has been published on the website of the Inland Revenue Board of Malaysia (“IRBM”). The TCG Framework and these Guidelines are intended to be read in conjunction with one another. For further information, see […]
IRBM’s Response to CTIM on e-C 2022 (3)
Regarding Form e-C 2022, CTIM has offered feedback and comments to the Inland Revenue Board of Malaysia (IRBM). The Inland Revenue Board of Malaysia issued its response on 29 July 2022 and 2 August 2022, respectively. Despite this, on 11 August 2022, CTIM provided IRBM with additional feedback and comments on the form e-C 2022 […]
IRBM’s Response to CTIM on e-C 2022 (2)
We would like to inform you that the Inland Revenue Board of Malaysia (IRBM) has disseminated a revised version of the Company Return Form (Form C) for the Year of Assessment 2022. To download a PDF copy of the return – https://t.me/YourAuditor/3259 Chartered Tax Institute of Malaysia’s Previous Feedback Regarding Form e-C 2022, the Chartered […]
IRBM’s Response to CTIM on Profiling Issues
According to what the CTIM has been told, the Intelligence and Profiling Department of the Inland Revenue Board of Malaysia (IRBM) has been making requests for information involving tax practitioners and their clients (such as the names, identity card numbers, tax reference numbers, contact numbers, etc.) to gather data from tax practitioners and other industries […]
IRBM’s Response to CTIM’s Development Cost for Customised Computer Software
Income Tax (Capital Allowance) (Development Cost for Customised Computer Software) Rules 2019 On 3 October 2019, the Minister, in the exercise of the powers conferred by paragraphs 154(1)(b), 33(1)(d) and paragraphs 10 and 15 of Schedule 3 to the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Capital Allowance) (Development Cost for Customised […]
IRBM’s Response to CTIM’s Transfer Pricing Issues
CTIM’s transfer pricing issues have received a response from the Inland Revenue Board of Malaysia (IRBM), which was provided on February 15, 2022. The following is a response from the IRBM to the points that CTIM made: 1. On the threshold for preparation of transfer pricing (“TP”) documentation IRBM acknowledges the need to revise the […]
