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Year: 2023

Personal Tax Relief 2023

Personal Tax Relief 2023 Individual Relief NO. INDIVIDUAL RELIEF TYPE      AMOUNT (RM) 1. Individual And Dependent Relatives 9000 2. Husband/Wife/Alimony To The Ex-Wife 4000 3. Self Study Degree

Gain on disposal of Real Property Company (RPC) shares is taxable?

SHARES IN REAL PROPERTY COMPANY (RPC) Gain on dosposal of RPC shares is taxable effective from 21.10.1988 when Paragraph 34A of Schedule 2 RPGTA was introduced Pursuant to Paragraph 34A

Review Of Tax Incentive For Equity Crowdfunding

Current Treatment Individual investors who invest in equity crowdfunding (ECF) are eligible for tax exemption on aggregate income equivalent to 50% of the amount invested. The tax incentive is for investments

Capital Gain Tax on Disposal of Unlisted Shares

Current Treatment Tax on gains from the disposal of real property and shares in real property companies is imposed under the Real Property Gains Tax Act 1976 at a rate of

2% Witholding Tax For Agents

2% Witholding Tax for Agents 1. Deduction Commission in monetary form only Rate: 2% on each cash payment at gross amount Remit the deduction to DGIR within 30 days New

E-Invoice Guideline (Version 2.1)

E-Invoice Guideline (Version 2.1) This e-Invoice Guideline (Version 2.1) replaces the e-Invoice Guideline (Version 2.0) issued on 29 September 2023. The key changes made to this Guideline please refer to  https://www.hasil.gov.my/media/iqzj1llk/irbm-e-invoice-guideline-version-21.pdf

What should company do when pay out commission to agent, dealer or distributor?

What should company do when pay out commission to agent, dealer or distributor? Company need to prepare and provide a copy of statement of monetary and non-monetary incentive payment to

E-Invoice Specific Guideline (Version 1.1)​

E-Invoice Specific Guideline (Version 1.1) This e-Invoice Specific Guideline (Version 1.1) replaces the e-Invoice Specific Guideline (Version 1.0) issued on 29 September 2023. The key changes made to this Guideline please

Tax estimation (Form CP204)

Tax Estimation and Submission of Form CP204 Pursuant to subsection 107C (7A) of the ITA: (i) Companies are required to submit Form CP204 by e-Filing from the Year of Assessment

Return of Employer (Form E)

Return Of Employer (Form E) What is Form E? Declaration report submitted by every employer to inform the IRB (LHDN) The number of employees The list of employee’s income details