Malaysia

Mon, 21 Mar 2022 00:00:00 GMT
Tax-News.com: OECD Releases E-Commerce VAT Toolkit For Asia-Pac States
On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities.

Wed, 3 Mar 2021 00:00:00 GMT
Tax-News.com: Malaysia Updates Tax Guidance For Digital Services Providers
Malaysia has comprehensively updated its guidance on the requirement on foreign service providers to collect service tax on business-to-consumer supplies of digital services.

Tue, 16 Jul 2019 00:00:00 GMT
Tax-News.com: Malaysia Explains New Cap On Interest Expense Deductions
The Inland Revenue Board of Malaysia has released new guidance on restrictions to the deductibility of interest expenses.

Fri, 23 Nov 2018 00:00:00 GMT
Tax-News.com: OECD Reports Progress On Harmful Tax Regimes Work
Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide.

Fri, 9 Nov 2018 00:00:00 GMT
Tax-News.com: Malaysia Announces Corporate Tax, Sales Tax Reforms In Budget
Malaysia's 2019 Budget contains plans for an overhaul of sales and service tax rules and a corporate tax cut for small- and medium-sized enterprises.

Tue, 7 Aug 2018 00:00:00 GMT
Tax-News.com: Malaysia To Phase Out 'Harmful' Tax Regime
Malaysia has suspended its MSC Malaysia tax regime, pending changes to bring it into line with recommendations from the OECD's Base Erosion and Profit Shifting initiative.

Wed, 28 Mar 2018 00:00:00 GMT
Tax-News.com: Malaysian Firms Can Challenge Late GST Penalties Online
On March 26, 2018, Malaysia's tax agency announced that businesses can newly challenge late-payment penalties in respect of goods and services tax (GST) via the tax agency's online portal.

Thu, 25 Jan 2018 00:00:00 GMT
Tax-News.com: Six More States Sign The BEPS Multilateral Instrument
A further six countries have signed the BEPS multilateral instrument, enabling them to swiftly amend their double tax treaties to incorporate the recommendations put forward by the OECD as part of its base erosion and profit shifting Action Plan.

Wed, 24 Jan 2018 00:00:00 GMT
Tax-News.com: Agreement Reached On New Trans-Pacific Partnership
Ministers from 11 countries have announced their agreement upon the "core elements" of a new Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

Thu, 18 Jan 2018 00:00:00 GMT
Tax-News.com: India Mulling Tax On Foreign Solar Products
India is proposing to levy a safeguard duty of 70 percent on imports of solar-power equipment from China and Malaysia.

Wed, 17 Jan 2018 00:00:00 GMT
Tax-News.com: Malaysia Issues GST Guidance On Mixed-Use Buildings
Malaysia's tax agency has released Public Ruling No. 1/2018, setting out the goods and services tax rules concerning the sale of buildings on commercial land that are used for both residential and commercial purposes.

Fri, 12 Jan 2018 00:00:00 GMT
Tax-News.com: Malaysia Updates Mutual Agreement Procedure Guidelines
Malaysia's Inland Revenue Board on January 11, 2018, released guidelines on applying for the resolution of double tax cases through the Mutual Agreement Procedure.

Fri, 15 Dec 2017 00:00:00 GMT
Tax-News.com: Malaysia Issues GST Guidance On Gifts
The Malaysian tax agency on December 1 released guidance on whether gifts provided for no consideration can be excluded from the goods and services tax net.

Mon, 27 Nov 2017 00:00:00 GMT
Tax-News.com: Malaysia PM Defends Introduction Of GST
Prime Minister Najib Razak has defended the Government's decision to introduce a goods and services tax, claiming that the levy "saved" Malaysia from the fall in oil prices.

Fri, 24 Nov 2017 00:00:00 GMT
Tax-News.com: Australia Seeking To Expand FTA Network
The Australian Government has said that it intends to extend its network of free trade agreements, as part of its new foreign policy agenda.

Mon, 13 Nov 2017 00:00:00 GMT
Tax-News.com: Hong Kong, ASEAN Nations Sign Free Trade Deal
Hong Kong has signed a new free trade agreement with the Association of Southeast Asian Nations, which is expected to become effective from January 2019.

Wed, 8 Nov 2017 00:00:00 GMT
Tax-News.com: Labuan Urged To Adapt To BEPS By Removing Harmful Tax Offerings
Muhammad bin Ibrahim, the Governor of the Central Bank of Malaysia, has stressed the need for Labuan to review its international tax framework in light of the OECD's work on Action 5 of the base erosion and profit shifting project, on harmful tax pra...

Fri, 3 Nov 2017 00:00:00 GMT
Tax-News.com: Malaysia's 2018 Budget Includes Various Tax Relief Changes
The Malaysian Government in its Budget 2018 announced numerous tax changes, including an income tax cut, incentives for women to return to work, and tax relief for property investors and venture capital firms.

Wed, 27 Sep 2017 00:00:00 GMT
Tax-News.com: Malaysian Tax Agency Says Audits Not Politically Motivated
Malaysia's Inland Revenue Board has denied allegations that it is more aggressively pursuing taxpayers affiliated with opposition political parties or their supporters.

Thu, 21 Sep 2017 00:00:00 GMT
Tax-News.com: Malaysia To Legislate To Slap GST On Foreign Retailers
Malaysian authorities are developing draft legislation to level the tax playing field between online retailers and domestic bricks and mortar retailers.

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