Tax & Revenue

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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.

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Regulations being revised to implement CPTPP

Hanoi, Apr 9 (VNA) – The Ministry of Industry and Trade (MoIT) is working to align Vietnam’s legal regulations with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) - a deal experts see as hugely important to the country.
Date: 09 April 2019; Type: Legal News; Source: Vietnam News Agency

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

Goods and Services Tax Act (Amendment of Fifth Schedule) Order 2019

This Order comes into operation on 1 May 2019.
Date: 04 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 289; Source: Singapore Statutes Online

Income Tax Act (Amendment of Seventh Schedule) Order 2019

This Order comes into operation on 1 May 2019.
Date: 04 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 290; Source: Singapore Statutes Online

IRAS e-Tax Guide on Corporate Income Tax-Objection and Appeal Process (Second Edition)

This e-Tax Guide sets out the administrative aspects of to the objection and appeal process and provides guidance to taxpayers on filing a valid objection.
Date: 04 April 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

DepEd backs Bill on Tax Relief to employers of ALS Learners, Grads

MANILA, Apr 3 (PNA) - The Department of Education on Wednesday lauded the bill that would give tax relief to employers who will hire graduates or participants of its Alternative Learning System (ALS).
Date: 03 April 2019; Type: Legal News; Source: Philippine News Agency

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

Commercial Tax on Mobile Handsets to be levied

Consumers will have to pay a 5 percent commercial tax when buying mobile handsets and related accessories from June 1 onwards, the Internal Revenue Department (IRD) announced on April 1.
Date: 02 April 2019; Type: Legal News; Source: Myanmar Times

Customs (Exemption from Motor Vehicles Special Tax) (Revocation) Order 2019

This Order is deemed to have come into operation on 18 February 2019.
Date: 01 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 248; Source: Singapore Statutes Online

IRAS e-Tax Guide on Group Relief System (Second Edition)

This e-Tax Guide provides details on the group relief system effective from the Year of Assessment 2003.
Date: 29 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

Goods and Services Tax (Electronic Service) Regulations 2019

These Regulations come into operation on 1 April 2019.
Date: 29 March 2019; Type: Federal Subsidiary Legislation; Citation: No. S 189; Source: Singapore Statutes Online

Goods and Services Tax (Imports Relief) (Amendment No. 2) Order 2019

This Order comes into operation on 1 April 2019.
Date: 29 March 2019; Type: Federal Subsidiary Legislation; Citation: No. S 188; Source: Singapore Statutes Online

‘All Media Outlets must pay Tax’

Minister of Information Khieu Kanharith on Friday said Voice of America (VOA) and Radio Free Asia (RFA) would be allowed to reopen their offices only after fulfilling their tax obligations.

Government Offers Massive Tax Break to CSX Firms Double Taxation Accord set to be implemented more

Cabinet approves Tax Law changes

The Lao government will propose changes to the Law on Tax as it looks for new ways and mechanisms to collect revenue more effectively.

New Decree offers Tax Breaks for Investors in Lao SEZs Amended Law offers No Exception to VAT Charge Pay Taxes or face Closure, Thousands of Businesses warned more

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.

Government willing to consider Proposal on Tax Exemption for Couple on IVF Treatment Sugar Tax will not involve Drinks Served at Eateries - Dr Dzulkefly Six per cent Tax proposed for Foreign Digital Service Providers more

Commercial Tax on Mobile Handsets to be levied

Consumers will have to pay a 5 percent commercial tax when buying mobile handsets and related accessories from June 1 onwards, the Internal Revenue Department (IRD) announced on April 1.

Parliament to pass Tax Bill to curb Corruption More Taxes to be levied on Alcohol, Cigarettes IRD to launch Integrated Tax Administration System more

DepEd backs Bill on Tax Relief to employers of ALS Learners, Grads

MANILA, Apr 3 (PNA) - The Department of Education on Wednesday lauded the bill that would give tax relief to employers who will hire graduates or participants of its Alternative Learning System (ALS).

Missouri Square Inc v Commissioner of Internal Revenue Thermaprime Well Services Inc v Commissioner of Internal Revenue Amerton Incorporated v Commissioner of Internal Revenue more

Tax Refunds to only be transferred Electronically

BANGKOK, Jan 25 (PNA) - The Spokesman for the Revenue Department, Pinsai Suraswadi, said the tax refunds in 2018 will only be transferred electronically.

Cabinet approves Return of VAT to Consumers' Debit Accounts Finance Minister: State Welfare Card Holders given 5% VAT Refund Tax Incentive seeks to help Rubber Farmers more

INDUSTRY UPDATES

Palace suspends Government Work for Holy Week Exodus

MANILA, Apr 17 (PNA) - Malacañang suspended work on Wednesday (April 17), 12 noon onwards, to allow government employees to travel to their respective regions in time for the observance of Maundy Thursday (April 18) and Good Friday (April 19).

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INDUSTRY UPDATES

JBC asks Applicant to comment on Gadon Opposition

MANILA, Apr 16 (PNA) - The Judicial and Bar Council (JBC) has asked an applicant for a vacancy in the Court of Tax Appeals (CTA) to comment on an opposition to her appointment filed last month by senatorial candidate and lawyer, Lorenzo "Larry" Gadon.

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INDUSTRY UPDATES

PCC approves Ayala-PHINMA Energy Deal

MANILA, Apr 15 (PNA) - The Philippine Competition Commission (PCC) has approved the acquisition of the majority stake in PHINMA Energy by Ayala Corporation’s power branch, AC Energy.

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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

Fake News Bill: Law Society refutes Online Flak over Alleged Silence

Law Society president Gregory Vijayendran said that the organization will share their views over the draft Protection from Online Falsehoods and Manipulation Act privately with policymakers, and has refuted online flak about its so-called "deafening silence".

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INDUSTRY UPDATES

SC suspends Work in Courts for Holy Week

MANILA, Apr 15 (PNA) - The Supreme Court (SC) on Monday announced its modified work schedule for the Holy Week, starting with a half-day work on Wednesday.

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INDUSTRY UPDATES

Fourth 'Justice Zone' opens in Pampanga

MANILA, Apr 13 (PNA) - The fourth Justice Zone in the country has been formally opened in Angeles, Pampanga by the Justice Sector Coordinating Council (JSCC).

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INDUSTRY UPDATES

Indonesia Industrial Summit to be held on April 15-16

Jakarta, April 13 (ANTARA) - The Industry Ministry will organize the 2019 Indonesia Industrial Summit (IIS) themed "Implementation of Making Indonesia 4.0 Toward Top Ten Global Economies", in ICE BSD, Tangerang, Banten Province, on April 15 and 16.

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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

SC launches New Public-Friendly Website

BAGUIO CITY, Apr 11 (PNA) - Supreme Court Chief Justice Lucas Bersamin on Thursday launched the High Court's new and improved website, which includes a court locator directory for lower courts and an e-library of the tribunal's decisions and resolutions.

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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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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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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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