Service Tax Exemption on Digital Services related to Banking/Financial Services
Updated on 15 July 2023- Dialogue between MOF，LHDNM， and CTIM[21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023; for more info, please visit – https://www.ccs-co.com/post/budget-2023-malaysia-madani This tax incentive included in Budget 2023, tabled in Parliament on 7 October 2022, was not included […]
Labuan Tax Developments
The following Amendment Acts have been gazetted on 9 June 2022 and are deemed to have come into operation on 1 January 2019: These three Amendment Acts 2022 contain amendments to the Labuan Companies Act 1990, Labuan Financial Services and Securities Act 2010 and Labuan Islamic Financial Services and Securities Act 2010. Labuan Companies (Amendment) […]
Income Tax (Exchange of Information) Rules 2021: Exchange of Information
Exchange of Information – PDF 7
Income Tax (Exchange of Information) Rules 2021
1. On 1 December 2021, the Minister, in the exercise of the powers conferred by paragraph 154(1)(c) of the Income Tax Act 1967 [Act 53], Income Tax (Exchange of Information) Rules 2021[P.U. (A) 436] 2. The Income Tax (Exchange of Information) Rules 2011 [P.U.(A) 219/2021] was revoked, and the 2021 Rules took effect on December […]
