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Year: 2024

The determination of service tax rates for the provision of various taxable services by the same service provider

1. Starting March 1, 2024, the service tax rate has been raised from 6% to 8% on most services, except for food and drinks, telecommunications, parking, and logistics. The annual

Shariah Compliant Savings Option

The Simpanan Shariah is a savings option managed and invested by EPF according to Shariah principles. To ensure compliance with Shariah requirements as mandated by section 43A of the Employees

EPF Account Restructuring Set to Address Members’ Life Cycle Needs

The Employees Provident Fund (EPF) has announced a restructuring of its members’ accounts effective 11 May 2024 that seeks to enhance their income security after retirement while addressing members’ current

Access of Testing Environment (Sandbox) for MYINVOIS Open for Integration Testing of Business Taxpayer Systems via Application Programming Interface (API)

The Inland Revenue Board of Malaysia (IRBM) announces that the MyInvois Testing Environment (Sandbox) is now open for taxpayers and service providers to test system integration with MyInvois via the

Extension of Additional Submission Period for Forms E and C.P.8D and Notification of the Deadline for Submission of e-Forms for the Estimated Tax Year 2023

The Inland Revenue Board of Malaysia (IRBM) hereby announces that the extension period for the submission of Forms E and C.P.8D has been extended until 31st May 2024.

Happy Labor Day!

Amidst the hustle and bustle of daily endeavors, we pause to honor the relentless dedication of our esteemed clients this Labor Day. Your unwavering commitment to excellence fuels not only

Tax Treatment of a Resident and Non-Resident Company

Tax Treatment of a Resident and Non-Resident Company Residence status is a question of fact and it is one of the main criteria that determines the tax treatment and tax

Tax Rate of Company

Tax Rate of Company Refer here.

General Explanation Of The Use Of Donation Receipts For Institutions/Organizations/Funds Approved By The Director Of Inland Revenue (KPHDN) Under Subsection 44(6) Of The Income Tax Act 1967 (ACP 1967)

General Explanation Of The Use Of Donation Receipts For Institutions / Organizations / Funds Approved By The Director Of Inland Revenue (KPHDN) Under Subsection 44(6) Of The Income Tax Act

EPF Sustains Solid Performance With 5.50% Dividend For Simpanan Konvensional And 5.40% For Simpanan Shariah

EPF’s Investment Portfolio Performance in 2023  The Equities asset class contributed RM39.05 billion after netting off write downs, accounting for 58% of the EPF’s total investment income with an ROI of 8.68%.