Tag: Limited Liability Partnership

Review of Income Tax Rate for Micro, Small and Medium Enterprises

Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position A Company or Limited Liability Partnership (LLP) that has a paid-up capital of RM2.5 million and below with an […]

Review of Tax Incentive for Equity Crowdfunding

Update: The Ismail Sabri Government Budget is no longer applicable.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 in Budget 2023 (Re-tabled) on 24 February 2023. Response from […]

Forms E & CP 8D – Employees Information

1. When it comes to completing Form E and Form CP 8D, one of the questions that employers frequently ask is 👉 In the event that the Company or Limited Liability Partnership (LLP) is dormant and there are no more employees, what should be completed 2. Another frequently asked question is 👉 How do I […]

Tax Clearance Letter: Closing the Income Tax File – Limited Liability Partnerships (LLP)

1) The Inland Revenue Board (IRB) has published Operational Guidelines No. 3/2021, titled “Permohonan Surat Penyelesaian Cukai Bagi Syarikat, Perkongsian Liabiliti Terhad Dan Entiti Labuan” on its website in Bahasa Malaysia. 2) The Guidelines, which were issued on June 30, 2021, supersede GPHDN 2/2019, which was published on November 12, 2019. 🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼 1) 内陆税收局（IRB）在其网站上发布了马来文版本的第3/2021号操作指南，题为 “Permohonan […]

Filing of Form Q by A Person who is Aggrieved by an Assessment

1. A person who is aggrieved by an assessment made on him by the Director-General of Inland Revenue (DGIR) for any year of assessment is entitled to appeal such assessment under Section 99 of the Income Tax Act 1967 (ITA). 2. According to paragraph 99(1) of the ITA, an appeal must be filed by filing […]