malaysia - Tax & Revenue - News

Allocating income from Tourism Tax to the States will continue - Lim

BUKIT MERTAJAM, Jun 15 (Bernama) - Allocating income from tourism tax to the states will be continued where 50 per cent of the income would be given back to the states as promised by the government, said Finance Minister Lim Guan Eng. He said the allocation for the tourism tax in 2019 was expected to be given to every state in the first quarte ...
Date: 15 June 2019; Type: Legal News; Source: Bernama

Income Tax imposed According to procedures, record - IRB

JITRA, Apr 27 (Bernama) - The Inland Revenue Board (IRB) imposes income tax on each individual according to procedures and information available to the agency, said IRB’s deputy chief executive officer (Compliance), Datuk Abdul Manap Dim. He said that if taxpayers were dissatisfied with the tax imposed, they had room to protest and seek ...
Date: 27 April 2019; Type: Legal News; Source: Bernama

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

INDUSTRY UPDATES

Ex-CJ speaks out against Lawyers' Tendency to seek Postponements

KUALA LUMPUR, Jun 16 (Bernama) - Former Chief Justice Tun Zaki Azmi has spoken out against the tendency by certain defence lawyers to seek postponements of cases being heard in court.

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INDUSTRY UPDATES

RCI on Judicial Misconduct is what People Want - Dr Mahathir

PUTRAJAYA, Jun 5 (Bernama) - The government agreed to set up a Royal Commission of Inquiry (RCI) on judicial misconduct because this is what the people want, said Prime Minister Tun Dr Mahathir Mohamad.

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INDUSTRY UPDATES

Complaints via Whatsapp: RTD issues More than 200 Notices

KUALA LUMPUR, June 3 (Bernama) - More than 200 notices have been issued by the Road Transport Department (RTD) as result of consumer complaints via the Whatsapp application during the three days enforcement operation, in conjunction with Adilfitri, which began on May 29.

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INDUSTRY UPDATES

Online Trader benefits from Industrial Revolution 4.0

KOTA BHARU, Jun 2 (Bernama) - The Industry Revolution 4.0, which is occurring all over the world, has given huge benefit to online traders in marketing their products to consumers.

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INDUSTRY UPDATES

Mohd Roze Shaari is New Intelligence/Operations Deputy Director

KUALA LUMPUR, June 1 (Bernama) - Bukit Aman's Criminal Investigation Department (CID) has a new Intelligence/Operations deputy director.

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INDUSTRY UPDATES

Give Mandatory Counselling, Community Service Sessions to Road Bullies - MCPF

KUALA LUMPUR, May 31 (Bernama) - The Malaysian Crime Prevention Foundation (MCPF) has suggested that compulsory counselling and community service sessions be meted out to individuals detained for dangerous driving and road rage.

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INDUSTRY UPDATES

Samirah allowed to be released on RM500,000 Bail pending Trial

PUTRAJAYA, May 28 (Bernama) - The Federal Court today allowed Samirah Muzaffar, the wife of the late Cradle Fund chief executive officer Nazrin Hassan to be released on bail of RM500,000 with two sureties pending her murder trial.

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INDUSTRY UPDATES

Adib Inquest: Lawyer withdraws

SHAH ALAM, May 27 (Bernama) - The lawyer who represented the Housing and Local Government Ministry, Fire and Rescue Department and family of firefighter Muhammad Adib Mohd Kassim in the inquest into the latter's death withdrew from the case today.

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INDUSTRY UPDATES

Sabah Syariah Court Complex 45 percent completed, ready by May 2020

KOTA KINABALU, May 27 (Bernama) - The new Kota Kinabalu Syariah Court Complex is 45 percent completed and is expected to be fully operational by May 2020, said Deputy Secretary-General (Senior) in the Prime Minister’s Department, Datuk Hasnol Zam Zam Ahmad.

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INDUSTRY UPDATES

18 Items listed under Festive Season Price Control Scheme for Aidilfitri, Gawai

KUCHING, May 22 (Bernama) - The Ministry of Domestic Trade and Consumer Affairs has listed 18 items under the Festive Season Price Control Scheme (FSPCS) in conjunction with Aidilfitri and 14 items for Gawai Dayak which will be celebrated in June.

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INDUSTRY UPDATES

Phone Call not from Officer or Staff of Penang Courts - Chief Registrar's Office

PUTRAJAYA, May 21 (Bernama) - The Federal Court Chief Registrar’s Office (PKPMP) has denied an individual’s claim about receiving a phone call from an officer or employee of the Penang courts.

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INDUSTRY UPDATES

No Freeze in Intake of Foreign Workers - Ministry

KUALA LUMPUR, May 18 (Bernama) - The Human Resources Ministry has clarified that there is no freeze in the recruitment of foreign workers although many applications to bring in workers have been rejected for non-compliance with the law.

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INDUSTRY UPDATES

Actions against those who tarnish Judiciary's Image, Dignity, says CJ

PUTRAJAYA, May 17 (Bernama) - Actions will be taken against those who tarnish the judiciary's image and dignity, says Chief Justice Datuk Tengku Maimun Tuan Mat.

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INDUSTRY UPDATES

Right Decisions only Way for Judiciary to recover Glory - Attorney General

PUTRAJAYA, May 17 (Bernama) - Attorney-General Tommy Thomas says judges must always endeavour to make the right decisions, without fear or favour, and regardless of the personality of the party or the accused before them.

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INDUSTRY UPDATES

Transport Ministry makes it More Flexible for e-hailing Drivers to obtain PSV Licence

KUALA LUMPUR, May 17 (Bernama) - The Ministry of Transport is willing to make it easier for e-hailing drivers to clock in the six hours of course time to obtain a Public Transport Vehicle (PSV) licence.

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