Practice Note No. 3/2023 -tax treatment of copyright and software payments made by distributors and resellers to non-residents dated 5th December 2023. Key Takeaway of PN 3/2023 : 1. The payments for the use or right to use copyright and software, even when modified, exploited, or distributed, are considered hashtag#royalties.…

The technical update on the changes in Transfer Pricing (hashtag#TP) ruling in Malaysia from the TP Rules 2012 to TP Rules 2023 highlights several key areas where modifications have been made. Here’s an outline of the changes: 1. Definition of hashtag#CTPD (Controlled Transaction Pricing Documentation) – Redefined to emphasize documentation…

As Malaysia gears up for 2024, a transformative wave in taxation is on the horizon, especially with the introduction of Capital Gains Tax (CGT). These significant amendments are set to reshape the financial landscape across various sectors and for different taxpayer groups Dive into the details with our comprehensive video…

The Inland Revenue Board (IRB) has published a set of FAQs regarding the implementation of e-Invoice for the healthcare industry, last updated on 16 November 2023. The key points include: 1. Buyer’s detailsFor minors (under 18 years), the buyer’s details on the e-Invoice should be of the parent/guardian or the…

In line with the Budget for 2024, Malaysia is poised for significant changes in its taxation landscape, particularly in the realm of Capital Gains Tax (CGT). The proposed amendments are expected to impact various sectors and types of taxpayers. Here’s a summary of the key takeaways: … Continue from Part…