Newsletter – Tax
August 6, 2020
The Tax Related Measures

The Tax-Related Measures of the Economic Stimulus Package 2020

Malaysia’s Economic Stimulus Package 2020 was launched by our Prime Minister on 27February 2020 to counter the economic effects to the country due to the ongoing COVID-19 outbreak. In the Stimulus Package, numerous initiatives were introduced to help affectedbusinesses and taxpayers.
August 5, 2020
The Tax Related Implications

The Tax-Related Implications of the Movement Control Order

The Movement Control Order (MCO) was recently implemented by the MalaysianGovernment, which at the point of writing of this alert, covers the period from 18 March2020 to 31 March 2020. This in turn affected several administrative matters with the temporary closure of the office of the Inland Revenue Board (IRB) nationwide duringthis period.
August 5, 2020
The Tax Related Implications of the Movement Control Order Update R27

The Tax-Related Implications of the Movement Control Order (Update)

As you are all aware, the Movement Control Order (MCO) was recently extended by the Malaysian Government, which at the point of writing of this alert, covers the period from 18 March 2020 to 14 April 2020.
August 5, 2020
MCO Updates to the Inland Revenue

Movement Control Order – Updates to the Inland Revenue Board’s Announcements

On 3 April 2020, the Inland Revenue Board (IRB) updated theirFrequently Asked Questions on tax matters during the MovementControl Order (MCO) period.
August 5, 2020
Movement Control Order Updates to the Inland Revenue Board’s Announcements (dated 10 April 2020)

Movement Control Order Updates to the Inland Revenue Board’s Announcements (dated 10 April 2020)

Our Prime Minister Tan Sri Muhyiddin Yassin had announced on 10 April, 2020 that the Movement Control Order (MCO) will be extended by another two weeks, from April 15 to April 28, to curb the spread of Covid-19.
August 5, 2020
Re-Alert : Transfer Pricing Audit Framework & Requirements in Malaysia

Re-Alert : Transfer Pricing Audit Framework & Requirements in Malaysia

The 2012 TPG superseded the Guidelines previously issued in year2003, and was intended to provide detailed guidance to taxpayers onhow to comply with the requirements of the law under Section140A ofIncome Tax Act 1967 and the TP Rules 2012.
August 5, 2020
Economic Stimulus Package 3.0 Special Deduction On Rental Reduction Offered To Small And Medium Enterprises Tenants

Economic Stimulus Package 3.0 Special Deduction On Rental Reduction Offered To Small And Medium Enterprises Tenants

In the supplementary stimulus package announced on 6 April 2020 which was targeted to support small and medium enterprises (SMEs), the Prime Minister urged owners of private business premises to provide rental reduction or waiver to tenants that consist of SMEs.
August 5, 2020
0% Corporate Income Tax Rate up to 15 years For Foreign Direct Investment (FDI) into Malaysia

0% Corporate Income Tax Rate up to 15 years For Foreign Direct Investment (FDI) into Malaysia

0% corporate income tax rate up to fifteen (15) years for Foreign Direct Investment (FDI) into Malaysia.