malaysia - Tax & Revenue - News

Government not in a Hurry to implement Departure Levy - Lim

KUALA LUMPUR, Apr 9 (Bernama) - The government is not in a hurry to implement the departure levy as it needs a few more months to come out with the formula, says Finance Minister Lim Guan Eng.
Date: 09 April 2019; Type: Legal News; Source: Bernama

Government willing to consider Proposal on Tax Exemption for Couple on IVF Treatment

KUALA LUMPUR, Apr 9 (Bernama) - The government is prepared to consider providing tax exemption for married couples on in vitro fertilisation (IVF) treatment, said Health Minister Datuk Seri Dr Dzulkefly Ahmad.
Date: 09 April 2019; Type: Legal News; Source: Bernama

Sugar Tax will not involve Drinks Served at Eateries - Dr Dzulkefly

PUTRAJAYA, Apr 8 (Bernama) - The excise tax of 40 sen per litre on sweetened beverages scheduled for implementation from July 1 will not involve the drinks prepared and served at eateries, including Mamak restaurants and food kiosks, Health Minister Datuk Seri Seri Dr Dzulkefly Ahmad.
Date: 08 April 2019; Type: Legal News; Source: Bernama

Six per cent Tax proposed for Foreign Digital Service Providers

KUALA LUMPUR, Apr 8 (Bernama) - The government is planning to impose a digital service tax of six per cent on foreign digital service providers from Jan 1, 2020, according to Deputy Finance Minister Datuk Amiruddin Hamzah.
Date: 08 April 2019; Type: Legal News; Source: Bernama

Azmin to meet Sarawak State Government on Petroleum Tax

KUALA LUMPUR, 4 Apr (Bernama) - Economic Affairs Minister Datuk Seri Mohamed Azmin Ali will meet with the Sarawak state government at the end of the month for a discussion on how the state’s proposed five per cent tax on petroleum products can be implemented with affecting the federal government’s revenue.
Date: 04 April 2019; Type: Industry Updates; Source: Bernama

Five Amendment Bills to improve Tax Collection and Enforcement tabled for First Reading

KUALA LUMPUR, Apr 3 (Bernama) - Finance Minister Lim Guan Eng today tabled five amendment Bills, namely the Service Tax (Amendment) Bill 2019, Customs (Amendment) Bill 2019, Excise (Amendment) Bill 2019, Sales Tax (Amendment) Bill 2019, and the Free Zones (Amendment) Bill 2019 for first reading in Dewan Rakyat today. The Service Tax Bill will ...
Date: 03 April 2019; Type: Legal News; Source: Bernama

No More New Tax for this year, but Reforms - PM

KUALA LUMPUR, Mar 19 (Bernama) - There will be no new tax for this year, except for sugar tax which was announced during the 2019 Budget, Prime Minister Tun Dr Mahathir Mohamad announced today.
Date: 19 March 2019; Type: Legal News; Source: Bernama

National Income Tax still Competitive

KUALA LUMPUR, March 11(Bernama) - The income tax in this country is still competitive compared to other nations.
Date: 11 March 2019; Type: Industry Updates; Source: Bernama

Stamp Act Announcement up to Federal Government - Abang Johari

KUCHING, Mar 9 (Bernama) - Sarawak Chief Minister, Datuk Patinggi Abang Johari Tun Openg, will leave it to the Federal Government to announce a matter pertaining to stamp duty revenue which was raised by the state and Sabah in relation to the Malaysia Agreement 1963 (MA63).
Date: 09 March 2019; Type: Industry Updates; Source: Bernama

No Auditing, Investigation if Taxpayer declares Property under SVDP - IRB

KUALA LUMPUR, Mar 8 (Bernama) - No auditing or investigation will be carried out in future if the taxpayer declares his or her property under the Special Voluntary Disclosure Programme (SVDP).
Date: 08 March 2019; Type: Legal News; Source: Bernama

Income from Singapore is not Taxable - IRB

KUALA LUMPUR, Mar 10 (Bernama) - Income received from employment exercised in Singapore is not liable to tax in Malaysia, says the Inland Revenue Board of Malaysia (IRB).
Date: 10 March 2019; Type: Legal News; Source: Bernama

Tax Exemption on Vehicle Change of Ownership in Langkawi, Labuan - Customs

PUTRAJAYA, March 7 (Bernama) - Vehicles registered in the Duty Free Islands (DFIs) of Langkawi and Labuan are exempted from tax on change of ownership, said Customs Director-General Datuk Seri T. Subromaniam.
Date: 07 March 2019; Type: Legal News; Source: Bernama

Cigarette Box Stamp Duty Sticker to be upgraded

KUALA LUMPUR, Feb 28 (Bernama) - The cigarette box stamp duty stickers will be upgraded with new security features to avoid counterfeiting, said Royal Malaysian Customs (RMC) Department director-general Datuk Seri T. Subromaniam.
Date: 28 February 2019; Type: Legal News; Source: Bernama

Customs to cancel Licence of Shipping Agents making False Declarations

KUALA LUMPUR, Feb 28 (Bernama) - The Royal Malaysian Customs (RMC) today warned that it would immediately revoke the licence of any import and export shipping agents who are found making false declarations.
Date: 28 February 2019; Type: Legal News; Source: Bernama

No More Print, Postal Delivery of Income Tax Return Form - IRB

PUTRAJAYA, Feb 22 (Bernama) - The Inland Revenue Board (IRB) will no longer print and mail the income tax return form (BNCP) for this year as an effort to encourage taxpayers to use the e-filing facility.
Date: 22 February 2019; Type: Legal News; Source: Bernama

Government has begun repaying Tax Refund Arrears, says Guan Eng

KUALA LUMPUR, Feb 16 (Bernama) - The government has begun the process of repaying tax refund arrears amounting to RM37 billion, says Finance Minister Lim Guan Eng.
Date: 16 February 2019; Type: Legal News; Source: Bernama

IRB wants Individuals with Overseas Bank Accounts to declare Income

PUTRAJAYA, Feb 8 (Bernama) - The Inland Revenue Board (IRB) has issued letters and emails to taxpayers who have overseas bank accounts and who have failed to file their tax returns. “Taxpayers in this category are urged to contact IRB and declare their income immediately, said its chief executive officer Datuk Seri Sabin Samitah. He ...
Date: 08 February 2019; Type: Legal News; Source: Bernama

Notified Taxpayers under SVDP with More than RM4K Monthly Income need to register - IRB

KUALA LUMPUR, Feb 3 (Bernama) - Taxpayers who have received letters or e-mails regarding the Special Voluntary Disclosure Programme (SVDP) from the Inland Revenue Board of Malaysia (IRBM) need to register as taxpayers and declare their income if they have a monthly employment income of RM4,000 and above. IRBM in a statement today said business ...
Date: 03 February 2019; Type: Legal News; Source: Bernama

Contact IRB for Clarification on Voluntary Disclosure, Taxpayers told

PUTRAJAYA, Feb 1 (Bernama) - Tax payers who receive letters or email from the Inland Revenue Board of Malaysia (IRB) in relation to the Special Voluntary Disclosure Programme need not worry but instead contact the revenue collection department to seek further clarification.
Date: 01 February 2019; Type: Industry Updates; Source: Bernama

GST Refunds being paid out in Stages: Customs D-G

PUTRAJAYA, Jan 30 (Bernama) - Most of the claims for Goods and Services Tax (GST) refunds submitted to the Royal Malaysian Customs Department have moved past the review process with payouts having commenced and expected to proceed in stages until year-end, says director-general Datuk Seri T. Subromaniam.
Date: 30 January 2019; Type: Industry Updates; Source: Bernama

INDUSTRY UPDATES

8,254 Workers Re-employed after getting Assistance from ESO

KUALA LUMPUR, Apr 16 (Bernama) - A total of 8,254 unemployed workers have been re-employed after receiving assistance from the employment service officers (ESOs) since the Re-Employment Placement Programme for Employment Insurance System (EIS) commenced in August 2018.

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INDUSTRY UPDATES

Two Indonesians fined RM100,000 for Possessing Illicit Cigarettes

KLANG, Apr 16 (Bernama) - Two Indonesian retail shop workers were fined RM100,000 by the Magistrate Court here today after pleading guilty to possessing 854 packs of illegal cigarettes of various brands valued at RM1,668.56.

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INDUSTRY UPDATES

"Go to the Mosque, get Closer to God," Judge advises Robber

IPOH, Apr 16 (Bernama) - "Go to the mosque, get closer to God, be a good person and stop taking drugs," Sessions Court judge Azman Abu Hassan told a palm oil fruit collector.

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INDUSTRY UPDATES

200 Lawyers gather in Kuala Lumpur for TerraLex

KUALA LUMPUR, Apr 13 (Bernama) - A total of 200 lawyers from 50 countries have gathered here for the TerraLex Global Meeting to discuss a wide variety of legal and economic issues impacting Malaysia.

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INDUSTRY UPDATES

Chief Justice pens Touching Farewell to Colleagues

PUTRAJAYA, Apr 13 (Bernama) - "All I ask from you is to protect the judiciary no matter what others may say," said Tan Sri Richard Malanjum in his farewell message to the judges, officers and employees of the judiciary upon his retirement yesterday.

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INDUSTRY UPDATES

Chief Justice Richard Malanjum retires

PUTRAJAYA, Apr 12 (Bernama) - Chief Justice Tan Sri Richard Malanjum retires today after serving 27 years in the judiciary.

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INDUSTRY UPDATES

Appointment of Suhakam Commissioner for Children to be announced this Month

KUALA LUMPUR, Apr 11 (Bernama) - The Legal Affairs Division in the Prime Minister's Department is expected to announce the appointment of a Suhakam (Human Rights Commission of Malaysia) commissioner for the portfolio of children this month.

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INDUSTRY UPDATES

Proposed Amendment to Constitution not done in haste - Liew

KUALA LUMPUR, Apr 10 (Bernama) - Minister in the Prime Minister's Department Datuk Liew Vui Keong today brushed off claims that the proposed amendment to Article 1(2) of the Federal Constitution was done in haste, saying the MPs from Sabah and Sarawak were given ample time to deliberate the matter.

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INDUSTRY UPDATES

Re-tabling of Amendment Bill depends on Needs - Dr Mahathir

KUALA LUMPUR, Apr 10 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad said re-tabling of the bill to amend the Federal Constitution to give Sabah and Sarawak equal status with Peninsular Malaysia, which failed to get two-thirds majority support in the Dewan Rakyat yesterday, would depend on needs.

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INDUSTRY UPDATES

Hearing of Najib's Appeal to disqualify Gopal Sri Ram as Prosecutor Rescheduled to April 23

PUTRAJAYA, Apr 10 (Bernama) - The Court of Appeal has rescheduled to April 23 to hear Datuk Seri Najib Tun Razak's appeal against a High Court's dismissal of his application to disqualify former Federal Court judge Datuk Seri Gopal Sri Ram from leading the prosecution team in his 1Malaysia Development Bhd (1MDB) cases.

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INDUSTRY UPDATES

Amendments to NSC Act because PM cannot have unfettered Powers - Dr Mahathir

KUALA LUMPUR, Apr 9 (Bernama) - The proposed amendments to the National Security Council (NSC) Act 2016 tabled in the Dewan Rakyat today is to prevent the prime minister from using his powers in declaring a certain area as a security zone, said Tun Dr Mahathir Mohamad.

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INDUSTRY UPDATES

Maximum Two-Year Probation for Judicial Commissioners, says Chief Justice

PUTRAJAYA, Apr 9 (Bernama) - The probation period for judicial commissioners (JCs) will now be a maximum of two years and there will be no extension, Chief Justice Tan Sri Richard Malanjum said today.

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INDUSTRY UPDATES

Amendment to Constitution first step to realizing Wishes of People in Sabah, Sarawak - Dr M

KUALA LUMPUR, Apr 9 (Bernama) - The amendment to the Federal Constitution to restore the status of Sabah and Sarawak as enshrined in the agreement on the formation of Malaysia in 1963 is the first step by the Pakatan Harapan government to realising the wishes of the people of Sabah and Sarawak, Tun Dr Mahathir Mohamad said today.

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INDUSTRY UPDATES

Articles on Land Sale at Peel Avenue translated from Mandarin Text, High Court told

GEORGE TOWN, Apr 9 (Bernama) - A freelance translator told the High Court here today that she had translated three news articles on the sale of land at Peel Avenue to Island Hospital from a text that was given to her.

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INDUSTRY UPDATES

Government can handle Fake News even without Anti-Fake News Law - Mahathir

PUTRAJAYA, Apr 9 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad said he believes the government can handle the spreading of fake news even after the repeal of the Anti-Fake News Act 2018.

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