BUSINESSES Tax exemption on foreign sourced income and gains The tax exemption on foreign-sourced dividend income received in Malaysia by certain categories of taxpayers, will be extended to 31 December 2030. In addition, from 1 January 2027 to 31 December…
E-INVOICING
About E-Invoicing An e-Invoice is a digital representation of a transaction between a supplier and a buyer. e-Invoice replaces paper or electronic documents such as invoices, credit notes, and debit notes. An e-Invoice contains the same essential information as traditional…
2015 Monthly Tax Deduction from Remuneration (“PCB”) amendment
Please be informed that P.U.(A) 263/2014 Income Tax (Deduction From Remuneration)(Amendment)(No.2) RUles 2014 has been gazetted on 31 Dec 2014. Among the Statutory changes are as follow – 1. "Remuneration" means income in respect of gains or profits from an…
Deemed Interest on loans or advances to director
Effective from YA 2014, it is proposed that a Company is deemed to have gross income consisting of interest from loan or advances to directors. The interest income is calculated based on the formula :- 1/12 x A x B A…