Digital Tax Fixed at 6% Effective 1 January 2020

Digital Tax Fixed at 6% Effective 1 January 2020

  Malaysia’s government will impose a 6% digital service tax on foreign service providers beginning 1 January 2020, following the passing of the Service Tax (Amendment) Bill 2019 on 8 April 2019.  The government has set the threshold for imposition of this...
Introduction to Transfer Pricing

Introduction to Transfer Pricing

Introduction to Transfer Pricing for Malaysian Companies & Startups with Presence in Different Countries What is Transfer Pricing? Transfer pricing generally refers to inter-company pricing arrangements for the transfer of goods, services and intangibles between...
Budget 2019 and Your Business

Budget 2019 and Your Business

With much fanfare, the Budget 2019 (themed “Credible Malaysia, Dynamic Economy, Prosperous Rakyat” was tabled early November 2019. For business owners and startups, this is no doubt a highly anticipated (or feared) event, and before the dust settles, we summarize how...
Budget 2019 and Young Working Adults in Malaysia

Budget 2019 and Young Working Adults in Malaysia

With the Budget 2019 tabled in Parliament by the Finance Minister on 2 November 2018, this article highlights the features of how this Budget will affect young working adults in Malaysia. Transport – Petrol, Toll, Public Transport If you own only one car or motorbike...
Reintroduction of Sales and Services Tax in Malaysia

Reintroduction of Sales and Services Tax in Malaysia

Following the zero-rating of Goods and Services Tax (“GST”) beginning 1 June 2018, our Finance Minister has announced that the government will reintroduce the Sales and Services Tax (“SST”) with a rate of 10% for sales and 6% for services, with the bill expected to be...
Guide to Malaysian Tax Appeal Procedure

Guide to Malaysian Tax Appeal Procedure

This FAQ sets out basic information for taxpayers about the tax appeal process in Malaysia. When should I appeal? You may submit a tax appeal if: You are not satisfied with the manner in which your income has been assessed. Personal reliefs have not been appropriately...