5: Tax Incentives for The East Coast Economic Region (ECER) – Tax Exemption
1. The East Coast Economic Region (ECER) was formed in 2007 with the launch of the ECER Master Plan by the Federal Government. 2. The formation of ECER was intended to accelerate economic growth and ensure equitable distribution of wealth across the country, in line with national aspirations to become a high-income developed nation by […]
4: Tax Incentives for The East Coast Economic Region (ECER) – Tax Exemption
1. The East Coast Economic Region (ECER) was formed in 2007 with the launch of the ECER Master Plan by the Federal Government. 2. The formation of ECER was intended to accelerate economic growth and ensure equitable distribution of wealth across the country, in line with national aspirations to become a high-income developed nation by […]
Tax Incentives for Sabah Development Corridor (SDC)
1. The Sabah Development Corridor (SDC) Blueprint, which was launched on 28 January 2008, is implemented with the aim of bringing the quality of life of Sabah’s people up another level as well as accelerating the economic growth for Sabah while promoting regional balance and bridging the rural-urban divide and concurrently ensuring sustainable management of […]
3: Tax Incentives for The East Coast Economic Region (ECER) – Tax Exemption
1. The East Coast Economic Region (ECER) was formed in 2007 with the launch of the ECER Master Plan by the Federal Government. 2. The formation of ECER was intended to accelerate economic growth and ensure equitable distribution of wealth across the country, in line with national aspirations to become a high-income developed nation by […]
Income Tax (Exemption)(No. 13) Order 2021: Export of Private Health Care Services
1. On 31 December 2021, the Minister, in the exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Exemption)(No. 13) Order 2021 [P.U. (A) 501]. 2. This Order has effect from the year of assessment 2021 until the year of assessment 2022. 3. Join […]
Income Tax (Exemption) (No. 13) 2013 (Amendment) Order 2021
1. On 9 December 2021, the Minister, in the exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Exemption) (No. 13) 2013 (Amendment) Order 2021 [P.U. (A) 448]. 2. This Order has effect from the year of assessment 2021. 3. Join our Telegram: http://bit.ly/YourAuditor […]
Income Tax (Exemption) (No. 4) 2013 (Amendment) Order 2021: Disposal of buildings & Rental Income
1. On 27 December 2021, the Minister, in the exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Exemption) (No. 4) 2013 (Amendment) Order 2021 [P.U. (A) 477] 2. This Order is deemed to have effect from the year of assessment 2013. 3. Following […]
Income Tax (Exemption) (No. 12) Order 2021: Arts or Cultural Activities, Sports, etc.
1. On 27 December 2021, the Minister, in the exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Exemption) (No. 12) Order 2021 [P.U. (A) 478] 2. This Order has effect from the year of assessment 2020 until the year of assessment 2025. 3. […]
Income Tax Exemption for Social Enterprise
1. The Budget 2022 was tabled in Parliament on 29 October 2021, It is proposed that: 👉 tax exemption be given on all income for up to 3 years of assessment subject to the validity period of Social Enterprise Accreditation; and 👉 to establish a Joint Committee on Accreditation comprising Yayasan Hasanah and the Ministry […]
Tax Exemption on Tablet related Benefit – Perquisites vs BIK
Tax Exemption on Tablet related Benefit – Perquisites vs BIK – PDF Public Ruling No. 5_2019 – Perquisites Public Ruling No. 11_2019 – BIK Income Tax (Exemption) Order 2021 1. On November 19, 2019, the IRB issued Public Ruling 5/2019 concerning the value of perquisites given to employees. 2. Under item No. 7.4 of this […]
