The Inland Revenue Board of Malaysia (IRBM) recently updated its Software Development Kit (SDK) and guidelines for e-Invoicing on 6 April 2024. With important deadlines approaching for businesses of different sizes, it’s crucial for taxpayers to understand these changes and how they affect their operations. Here’s a simple breakdown of…

Just had a client reach out with a question that might be on many of your minds: How do you make a withholding tax payment in Malaysia? Here’s a quick guide to get you start: To pay withholding tax in Malaysia via e-TT, visit the MyTax site, select “e-TT” under…

The Inland Revenue Board of Malaysia (“IRB”) has issued the Guidelines on Tax Treatment on Disposal of Foreign Capital Assets Received From Outside Malaysia (“Foreign Capital Assets CGT Guidelines”) dated 27 March 2024 on its website. The Foreign Capital Assets CGT Guidelines explain the CGT treatment on the gains or…

When I says I don’t like to deal with audit adjustments, I have a few reasons. The IRB will checks any companies tax under the current tax regime. During an desk/tax audit, which is a detailed examination, the IRB officers will ask for a lot of different documents to check…

Excited to share how Malaysia’s innovative approach to early childhood education investment is creating waves! With the government rolling out significant tax incentives, as seen in Public Ruling No. 4/2016 – Tax Incentive for Child Care Centre and Kindergarten Operators, it’s clear there’s a golden opportunity for those looking to…

As the personal tax filing season commences, taxpayers are consistently reminded to utilize the LHDN’s e-Filing system for submitting their income tax returns. For first-time users, the process involves logging into mytax.hasil.org.my using their Identification Card number, selecting the appropriate form, filling in personal details, and submitting the necessary documents….…