Thursday, 18 January 2018
Sort Updates

malaysia - Tax & Revenue - News

Government launches Register of Property Managers

KUALA LUMPUR, Jan 11 (Bernama) - The Ministry of Urban Wellbeing, Housing and Local Government has launched the Register of Property Managers with an amendment of Act 242 Valuers, Appraisers and Estate Agents Act, 1981, gazetted on Oct 17, 2017. Its Minister, Tan Sri Noh Omar said the amendment effectively brings the practice of property manag ...
Date: 11 January 2018; Type: Legal News; Source: Bernama

CPO Export Tax Suspension to benefit Plantation Companies

KUALA LUMPUR, Jan 9 (Bernama) - The government's decision to suspend the Crude Palm Oil (CPO) export tax for three months is expected to benefit plantation companies with significant upstream operations and strengthen commodity prices in the first quarter of the year.
Date: 09 January 2018; Type: Tax News; Source: Bernama

IRBM provides Procedure for filing Tax Return Form for 2018

PUTRAJAYA, Jan 3 (Bernama) - The Inland Revenue Board of Malaysia (IRBM) has uploaded the procedure for filing the Income Tax Return Form (ITRF) for the year 2018 as a reference and preparation for taxpayers to submit tax returns this year.
Date: 03 January 2018; Type: Tax News; Source: Bernama

Customs to suspend Licences of 20 Forwarding Agents under Demerit System

SIBU, Dec 27 (Bernama) - The Royal Malaysian Customs Department is to announce the suspension of the licences of 20 forwarding agents nationwide next month.
Date: 27 December 2017; Type: Legal News; Source: Bernama

SC issues New Guidelines for SRI Funds

KUALA LUMPUR, Dec 19 (Bernama) - The Securities Commission Malaysia (SC) has issued Guidelines on Sustainable and Responsible Investment (SRI) Funds to facilitate and encourage greater growth of the funds in Malaysia.
Date: 19 December 2017; Type: Legal News; Source: Bernama

Penjelasan LHDNM Berhubung Dakwaan Bayaran Komisen Yang Diterima

Date: 13 December 2017; Type: Legal News; Source: Inland Revenue Board

Company Director fined for failing to remit Employees Month Income Tax Deduction to LHDN

KUALA LUMPUR, Dec 13 (Bernama) - A company director was fined a total of RM49,500 or 33 months imprisonment, by the Magistrate's Court here today for failing to remit payment in monthly income tax deduction of his employees to the Inland Revenue Board (LHDN) between 2013 and 2015.
Date: 13 December 2017; Type: Legal News; Source: Bernama

2,935 GST-Registered Businesses in Sabah fail to submit Statements

KOTA KINABALU, Dec 11 (Bernama) - A total of 2,935 GST-03 statements have yet to be submitted by Goods and Services Tax (GST) registered businesses in Sabah, as of October, said Sabah Royal Malaysian Customs Department Director Datuk Hamzah Sundang.
Date: 11 December 2017; Type: Tax News; Source: Bernama

Operasi Pejabat Dan Pusat Khidmat Hasil Lhdnm Di Utara Tanah Air Tidak Terjejas Akibat Banjir

Date: 06 November 2017; Type: Legal News; Source: Inland Revenue Board

Sindiket Menipu Orang Ramai Menggunakan Nama Ketua Pegawai Eksekutif Dan Anggota Lembaga

Date: 06 November 2017; Type: Legal News; Source: Inland Revenue Board

Majlis Sambutan Hari Inovasi Dan Integriti Lhdnm 2017

Date: 01 November 2017; Type: Legal News; Source: Inland Revenue Board

Government should consider Mandatory Jail Sentence for Reckless Drivers

KUALA LUMPUR, Nov 5 (Bernama) - The government needs to consider introducing a mandatory jail sentence for reckless drivers who cause the death of innocent passengers or other road users.
Date: 05 November 2017; Type: Legal News; Source: Bernama

Reduction in Personal Income Tax to result in RM1.3 Billion Loss to Government

KUALA LUMPUR, Nov 2 (Bernama) - The 2.0 percentage-point reduction in individual income tax rate as announced in Budget 2018 last week, would reduce government revenue by RM1.3 billion, says Second Finance Minister Datuk Seri Johari Abdul Ghani.
Date: 02 November 2017; Type: Tax News; Source: Bernama

Government reduces Individual Tax, benefits 2.3 Million Taxpayers

KUALA LUMPUR, Aug 27 (Bernama) - The Federal Government will reduce individual income tax rates by two percentage points for 2.3 million taxpayers in the country, especially those in the M40 group, specifically households with income of less than RM9,000.
Date: 27 October 2017; Type: Legal News; Source: Bernama

Labuan's Current Tax Framework must be reviewed: BNM

LABUAN, Oct 28 (Bernama) - Bank Negara Malaysia (BNM) Governor Tan Sri Muhammad Ibrahim says the time has come for a review of Labuan's current tax framework.
Date: 28 October 2017; Type: Tax News; Source: Bernama

Tax Exemption for Local Authorities Services in 2018 Budget

KUALA LUMPUR, Oct 27 (Bernama) - The implementation of the Goods and Services Tax (GST) will be further improved in the 2018 Budget, with the government's plan to include tax exemption for services provided by local authorities, among others.
Date: 27 October 2017; Type: Tax News; Source: Bernama

Bangladeshi Man jailed, fined for Possession of smuggled Cigarettes

KUALA LUMPUR, Oct 16 (Bernama) - A Bangladeshi man was sentenced to four days' jail and fined RM6,000, by the Magistrate's Court here today for possession of 30 cartons of smuggled cigarettes, worth RM480, last week.
Date: 16 October 2017; Type: Legal News; Source: Bernama

RM37,000 Fine for Failure to maintain Business Record

KUALA LUMPUR, Oct 5 (Bernama) - The owner of an auto spare parts and accessories shop was ordered to pay RM37,000 in fines or 12 months imprisonment by the Magistrate's Court here today for six counts of failing to maintain a business record as required by the Inland Revenue Board (IRB).
Date: 05 October 2017; Type: Legal News; Source: Bernama

No Specific Provisions on Digital Advertising Tax Treatment

KUALA LUMPUR, Sept 29 (Bernama) - The Inland Revenue Board (IRB) today insisted on not issuing any specific provisions relating to the tax treatment of digital advertising.
Date: 29 September 2017; Type: Tax News; Source: Bernama

Digital Tax raises Concerns among Malaysian Consumers

KUALA LUMPUR, Sept 28 (Bernama) - The government's plan to amend the taxation system to include digital tax is leaving Malaysian consumers concern about the issue of double taxation.
Date: 28 September 2017; Type: Tax News; Source: Bernama

Industry Updates

Lawyer Charged with fraudulently withdrawing Money from Account of Client

KUALA LUMPUR, Jan 17 (Bernama) - A lawyer pleaded not guilty in the Magistrate's Court here today to a charge of fraudulently withdrawing over RM4 million from his firm's client account, six years ago.

More Updates Read More

Industry Updates

ACCA appoints New Malaysia Country Head

KUALA LUMPUR, Jan 16 (Bernama) - The Association of Chartered Certified Accountants (ACCA) has appointed Edward Ling as the Malaysia Country Head with immediate effect.

More Updates Read More

Industry Updates

Establishment of Special Court on Human Trafficking

KUALA LUMPUR, Jan 13 - The Human Rights Commission of Malaysia (SUHAKAM) has welcomed the announcement by the Chief Justice of Malaysia Tun Md Raus Sharif that a special court will be established to hear human trafficking cases with the intention of speedily disposing of such cases.

More Updates Read More

Industry Updates

Laos, Myanmar vow to cement Ties, sign Three Cooperation Deals

The governments of Laos and Myanmar agreed yesterday to enhance bilateral ties and cooperation during Prime Minister Thongloun Sisoulith’s official visit to the country.

More Updates Read More

Industry Updates

MyGDX, Government Agency Information-Sharing Platform launched

PUTRAJAYA, Jan 15 (Bernama) - The Malaysian Administrative Modernisation and Management Planning Unit (Mampu) has introduced MyGDX application or the Malaysia Government Central Data Exchange, an information-sharing platform which provides data brokerage service for information often referred by agencies in serving their customers.

More Updates Read More

Industry Updates

Beware of Bogus Customs Officers - JKDM

ISKANDAR PUTERI, Jan 14 (Bernama) - The Royal Malaysian Customs Department warned the public to be wary of individuals claiming to be their officers out to collect the Goods and Services Tax (GST).

More Updates Read More

Industry Updates

Malaysia-Singapore ink Agreement On RTS Link this Month

KUALA LUMPUR, Jan 13 (Bernama) - The Bilateral Agreement for Rapid Transit System Link (RTS) between Johor Bahru and Woodlands, Singapore will be signed during the upcoming Malaysia-Singapore Leaders' Retreat scheduled on Jan 16, in the island republic.

More Updates Read More

Industry Updates

ASEAN Chair: Singapore will do its best to take the Group forward

SINGAPORE, Jan 13 (Bernama) - As the Association of Southeast Asian Nations (ASEAN) Chair this year, Singapore will do its best to take the group forward, pledged Prime Minister Lee Hsien Loong.

More Updates Read More

Industry Updates

SSM distributes Tithes totalling RM58,200 in Gopeng

IPOH, Jan 12 (Bernama) - The Companies Commission of Malaysia (SSM) today distributed tithes totalling RM58,200 to 144 poor and needy recipients including three madrasah and two surau in Gopeng.

More Updates Read More

Industry Updates

Absence of Bar Council at Judiciary Year 2018 unprofessional - Azalina

KUALA LUMPUR, Jan 12 (Bernama) - The failure of the Malaysian Bar Council to attend today's opening of Judiciary Year 2018 is regarded as 'unprofessional' and giving it a bad image.

More Updates Read More

Industry Updates

Public Criticism on Judgements must be Fair, says Chief Justice

PUTRAJAYA, Jan 12 (Bernama) - Criticism by the public on court judgments must be done constructively, respectfully and in good faith, said Chief Justice Tun Md Raus Sharif.

More Updates Read More