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...
by Donovan & Ho | Dec 6, 2017 | Real Estate, Tax
As an initiative to increase home-ownership for the nation, the Prime Minister, in the Budget 2018, has allocated RM2.2 billion to the housing development in Malaysia. What comes as a surprise to many is the 50% tax exemption on rental income received by Malaysian...
by Donovan & Ho | Apr 14, 2017 | Corporate and Commercial, Tax
Having received several queries on whether the changes to the Withholding Tax provisions in the Budget 2017 proposals (mentioned in our previous article) have already taken effect, we have decided to provide an update. Section 6 of the Finance Act 2017 deletes the...
by Donovan & Ho | Apr 12, 2017 | Corporate and Commercial, Employment Law, Tax
Planning ahead is essential for any kind of transaction. It is an exercise which helps to anticipate potential problems, allowing steps to be taken to pre-empt any of those problems from arising. It is no less true for the sale of a business. This article is written...
by Donovan & Ho | Mar 29, 2017 | Real Estate, Tax
The Stamp (Amendment) Bill 2016 was tabled for first reading in parliament on Nov 23 last year. Among other things, it proposes that ad valorem duty must be paid before the sales and purchase agreement (SPA) is signed. Under the current Act, the duty is paid in the...
