How About Foreign Dividends? They will be taxed too?
02/11/2021
One of the key issues to address is if dividends banked into Malaysia account will be taxed?
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Pay zero to tax on US Shares?
02/11/2021
Do you trade US shares or crypto? If yes, beware Budget 2022 makes huge tax changes to foreign sourced income. Government can now legally get a cut of that profit.
Section 113B of Income Tax Act 1967
13/01/2021
There is a new section being added to Income Tax Act 1967 especially on “Failure to Furnish Comtemporaneous Transfer Pricing Documentation”
Consequences for Not preparing TP Documentation
13/01/2021
The Finance Act 2020 was gazette just before the new year (31 December 2020), with effective date of 1 January 2021. 😅
There are two very important power tax authority now has. They make transfer pricing so important effective from 1 January 2021.
Why Read Transfer Pricing Audit Framework 2019?
13/01/2021
Knowing how IRB will conduct their Transfer Pricing is important. It is like a student sitting for the exam, this audit framework is akin to the exam syllabus 😁. Knowing the syllabus you will be well prepared and ready when the audit letter arrived. 😇
Renovation and Refurbishment
04/01/2021
“Renovation & Refurnishment is one of the most exciting tax deduction available in 2020/2021. We are looking at RM 300,000. That’s a big sum to claim 🥰. No more guessing required. the gazette order has been published [PU(A) 381/2020] just before the new year. There is some bad news to this.
Transfer Pricing Documentation Starts Jan 2021
04/01/2021
Compulsory Transfer Pricing Documentation 🥵? 2021 is finally here, this new rule starts 1 Jan 2021. Transfer Pricing documentation is not new in Malaysia. But “Compulsory” is a new addition. What is so significant about this? Well in your tax return for, IRB wants you to tick whether you prepare the documentation or not.
Dr Choong’s Latest Book Promo
16/12/2020
Foreign Source Income is a painful new addition to Malaysian taxation. Know it inside out, all around with this details and fun book by Dr Choong.
Penjana’s Relocation Incentives
05/10/2020
Remember when PENJANA was launched on 5 June 2020, there is a special tax incentive to encourage investors in the manufacturing sector to relocate their manufacturing facilities to Malaysia?
MIDA has issued a guideline on the special tax incentive under PENJANA.