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19 Nov 2018

In an effort to boost revenue for the country, the Inland Revenue Board is offering a special tax amnesty called the Special Programme for Voluntary Disclosure. This measurement was also announced in the recent Budget 2019.

The idea is to encourage peopl...

5 Oct 2018

Generally, any person making certain payments such as royalties, interest, contract, payments, remuneration to a public entertainer, technical and management fees to non-residents is required to remit the tax deducted at an applicable rate (i.e. withhol...

30 Jul 2018

Director of a local incorporated company has been convicted by the court and he was ordered to pay a fine of RM15,000 or face 5 months imprisonment for making a false or misleading statement to Companies Commission of Malaysia (CCM) in an application to...

14 Jun 2018

Are gains from Bitcoin (and other virtual currencies / cryptocurrencies) taxable?

The Inland Revenue Board Malaysia (IRBM) has not issued any guidelines on cryptocurrency and related businesses. However, IRBM has stated that the provisions of the Income...

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...

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