Digital Tax Fixed at 6% Effective 1 January 2020

Digital Tax Fixed at 6% Effective 1 January 2020

Share this article:  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...
Introduction to Transfer Pricing

Introduction to Transfer Pricing

Share this article: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...
Budget 2019 and Your Business

Budget 2019 and Your Business

Share this article: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...
Budget 2019 and Young Working Adults in Malaysia

Budget 2019 and Young Working Adults in Malaysia

Share this article: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...
Reintroduction of Sales and Services Tax in Malaysia

Reintroduction of Sales and Services Tax in Malaysia

Share this article: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...
Guide to Malaysian Tax Appeal Procedure

Guide to Malaysian Tax Appeal Procedure

Share this article: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...