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…
BUDGET 2025
PERSONAL TAX RELIEF 2025 Childcare Relief Individual income tax relief up to RM3,000 for childcare centres and kindergartens will be extended until year of assessment 2027. Skim Simpanan Pendidikan Nasional Relief The Skim Simpanan Pendidikan Nasional (SSPN) tax relief up…
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…