Key Tax Deductions 1. Gifts/Donations: Cash gifts to government, approved institutions, or funds. (Deduction limit: 10% of aggregate income) Specific items like artifacts, art, and manuscripts are eligible if valued
These guidelines explain the responsibilities of disposers (pelupus) and acquirers (pemeroleh) under the Self-Assessment System for CKHT starting January 1, 2025. Acquirer’s Responsibilities 1. Submission of Form CKHT 2A:
The Inland Revenue Board of Malaysia (LHDNM) has introduced the Malaysian Income Tax Reporting System (MITRS), an online platform for submitting tax information and documents required under Section 82B of
The Inland Revenue Board of Malaysia (LHDN) has outlined the filing requirements for Borang Nyata (BN) for the year 2025. Below are the key points, simplified for your reference while
🧧✨ As we step into the Year of the Snake, we are reminded of the power of wisdom, resilience, and transformation. To our valued clients and partners: your trust and
🎉 Happy New Year 2025! 🎉 As we enter 2025, we would like to express our sincere gratitude for your continued trust and partnership. Your support has been instrumental in
Transfer pricing refers to the pricing of goods, services, and intangibles transferred between related entities within a multinational enterprise. In Malaysia, the Inland Revenue Board (IRB) enforces transfer pricing regulations
An individual is considered a non-resident under Malaysian tax law if they are present in Malaysia for less than 182 days in a calendar year, regardless of nationality or citizenship.
Definition of Investment Holding Company (SPP) An SPP is a company primarily engaged in holding investments, with at least 80% of gross income (excluding business income) derived from investments. Investment
Basis for Taxation Income tax paid by the employer is treated as a perquisite under Section 13(1)(a) of the Income Tax Act 1967. This benefit is added to the employee’s