by Donovan & Ho | Nov 19, 2018 | Corporate and Commercial, Tax
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...
by Donovan & Ho | Nov 7, 2018 | Tax
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...
by Donovan & Ho | Jul 18, 2018 | Tax
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...
by Donovan & Ho | May 17, 2018 | Tax
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...
by Donovan & Ho | Mar 26, 2018 | Corporate and Commercial, Tax
Effective 1 September 2017, foreign nationals who stay at an accommodation premise in Malaysia are subject to a tourism tax of RM10 per room per night. Malaysians and permanent residents of Malaysia are exempted from paying the tourism tax. While it seems like the...
by Donovan & Ho | Feb 12, 2018 | Real Estate, Tax
With effect from 1 January 2018, section 21B of the Real Property Gains Tax Act 1976 has been amended in respect of ‘foreign sellers’. A ‘foreign seller’ is an individual who neither (i) a Malaysian citizen nor (ii) a permanent resident of Malaysia. When purchasing...
