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30 Jul 2019

The Inland Revenue Board (IRB) has received 486,360 cases of voluntarily tax declaration under the SPVD programme.

The deadline for this programme is ending on 30 September 2019. To avoid future scrutiny, taxpayers are urged to take this opportunity to d...

18 Jul 2019

Income Tax (Restriction on Deductibility of Interest) Rules 2019 which

is also known as earning stripping rules (ESR) has

been gazetted on 28 June 2019.

*Similar restrictions

are called “Thin Capitalisation Rules” in some countries.

Purpose of these rules


31 May 2018

The newly elected government of Malaysia has announced the reduction of the Goods & Services Tax (GST) rate from 6% to 0% effective 1 June 2018. Therefore, all registered business entities have to comply with the GST rate adjustment to 0%.

In addition to...

13 Dec 2017

The Inland Revenue Board Malaysia (IRBM) has issued Practice Note No. 3/2017 to clarify the effective date of the abovementioned Exemption Order (No. 9) in regards to withholding tax for services performed by non-residents. 

Please click here for the pra...

1 Nov 2017

An owner of a car accessories and car parts company was fined RM37,000 by the magistrate’s court for 6 counts of failing to keep his business records as required by the Income Tax Act 1967.

He was found to have breached the requirements in regards to kee...

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