Tax Payment Postponement and Tax Assessment Amendments for Tourism Sector in Malaysia

Postponement of Tax Payment and Amendment of Tax Assessment for Tourism Sector

Tax Payment Postponement and Tax Assessment Amendments for Tourism Sector in Malaysia New Application Forms Uploaded by the IRB Malaysia’s Inland Revenue Board (IRB) has allowed the companies in the tourism sector to do amendment to this year’s tax assessment. The IRB is also postponing tax payments for the sector and has provided the application…

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FAQ on Tax Matters During the MCO Period

FAQ on Tax Matters During the MCO Period

Frequently Asked Questions (FAQ) on Tax Matters During the MCO Period In line with the Movement Control Order (MCO), the Inland Revenue Board (IRB) has issued a list of frequently asked questions (FAQ) on tax matters during the MCO period. While there are numerous FAQs covering different tax matters, the following are the pertinent highlights for your…

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Extension of Deadline for Filing Malaysia Income Tax 2020

Extension of Deadline for Filing Malaysia Income Tax 2020

Extension of Two Months for Filing Malaysia Income Tax 2020 The Government has announced an extension of two months for filing income tax from the original deadline in consideration of the Movement Restriction Order (MRO) that has been enforced during the COVID-19 pandemic. The new deadline for filing income tax returns in Malaysia is now…

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Anti-corruption Plan by Inland Revenue Board Malaysia

Anti-corruption Plan by Inland Revenue Board Malaysia

Accountability and Responsive Service is Among Objectives of the Anti-corruption Plan (ACP) by IRBM Corruption is not only wrong for an individual, but it will also stamp out development if it spreads throughout an organisation. Thus, positive character development and enforcing regulation is an on-going course of action. This is what the Inland Revenue Board…

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Changes to Personal Tax in Malaysia Budget 2020

Changes to Personal Tax in Malaysia Budget 2020

Changes to Personal Tax in Malaysia Budget 2020 – More Benefits for Society Malaysia Budget 2020 proposed a series of enhancements to the existing personal tax regime. Budget 2020 will do more to support the community with extension of tax exemption for women returning to work,  increase the limit of tax relief for fees paid…

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Changes to Corporate Tax in Malaysia Budget 2020

Changes to Corporate Tax in Malaysia Budget 2020

Changes to Corporate Tax in Malaysia Budget 2020 – All Businesses Must Know Small and Medium-Sized Enterprises (SMEs) and entrepreneurs are the key beneficiaries in the newly tabled Malaysia Budget 2020. The Malaysian government has proposed a range of tax enhancements to boost the growth of SMEs.   Review of Corporate Income Tax Treatment for…

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Budget 2020: Malaysia Makes Tax Exemptions for Tourism

Malaysia Makes Tax Exemptions for Tourism in 2020

Budget 2020: Malaysia Makes Tax Exemptions for Tourism The Malaysian government has a new strategy. And that is the tax exemption and incentive strategy, which is geared towards the tourism sector of the nation. Tax Exemptions for Tourism is a bold effort to boost the presence of tourists in Malaysia. Budget 2020 budget will offer tax incentives…

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Enhancement to Sales and Services Tax in Malaysia Budget 2020

Enhancement to Sales and Services Tax in Malaysia Budget 2020

The Improvement to Sales and Services Tax in Malaysia Budget 2020 The 2020 Budget is poised to improve Malaysians’ lives and bring stability to the Government’s finances. The Finance Minister made it clear that the Government will not reintroduce GST and the Budget 2020 will see an enhancement in the Sales and Services Tax to…

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