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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...

9 May 2018

Is business income taxed on accrued or receipt basis?

Prior to year of assessment 2016, it was a generally accepted principle that business income is taxable when the services have been rendered.

On 29 Dec 2015, the Finance Act was passed and S.24(1)(b) a...

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