CORPORATE TAX Income Tax Deductions for Salary Payments Through Financial Institutions and Cashless Payment Instruments From YA 2028, it is proposed that a tax deduction on salary expenses be allowed only for payments made through financial institutions or cashless payment…

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…

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…

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…

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…