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CTIM Malaysian Tax Portal. All about Tax in Malaysia.
  
CTIM Malaysian Tax Portal. All about Tax in Malaysia. Free Updates of Malaysia Tax Developments.
Wednesday, 23 April 2014, 14:36 MST
   
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Goods and Services Tax Bill 2014 passed
Malaysian Tax Top Story of the Day  
KUALA LUMPUR, April 7 (Bernama) -- The Dewan Rakyat Monday passed the Goods and Services Tax (GST) Bill 2014. The bill was passed through a head count twice with the opposition giving only 81 votes and the government, 118 votes in the first round. In the second voting, the opposition maintained with 81 votes while the government gave 119 votes. Earlier, when winding up the debate on the bill, Deputy Finance Minister Datuk Ahmad Maslan said the GST would have positive implications on the value of
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Is the Malaysian goods and services tax regressive?
A broad-based tax, such as goods and services tax, is generally considered to be a regressive tax. Before we go further, let us look at what regressive actually means.
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GST will have 10 Advantages, says Ahmad Maslan
IPOH, April 5 (Bernama) -- The business sector and consumers will enjoy ten advantages with the implementation of the Goods and Services Tax (GST), says Deputy Finance Minister Datuk Ahmad Maslan.
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Goods and Services Tax Bill 2014
D. R. 2 of 2014; 31 March 2014
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More Malaysians filing Tax Returns Online
KUALA LUMPUR: More Malaysians are filing their tax returns online. The e-filing system introduced in 2006 has seen a steady growth over the years and has recorded a 42 per cent increase so far of those filing their 2013 tax returns.
Parliament: GST Appeal Tribunal to be Set Up, says Ahmad Husni
KUALA LUMPUR, April 3 (Bernama) -- A Goods and Services Tax Appeal Tribunal will be established to deal with appeals against decisions by the Customs Director-General, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.
No Tax on Govt Goods
KUALA LUMPUR: Consumption tax will not be levied on goods and services offered by the government, local authorities and statutory bodies under the Goods and Services Tax (GST) Act, when it takes effect from April 1 next year.
Company Director charged with making False Claims to evade Tax
SHAH ALAM, April 2 (Bernama) -- A company director pleaded not guilty in the Magistrate's Court here today to two counts of making false claims, amounting to more than RM2.4 million.
IRB to launch a Hunt for Errant Tax Payers
KUANTAN, April 2 (Bernama) -- The Inland Revenue Board (IRB) will launch a hunt for errant taxpayers and will neither compromise nor hesitate to take stern action against them, its chief executive officer Tan Sri Dr Mohd Shukor Mahfar said.
GST Bill tabled in Parliament for first reading
KUALA LUMPUR: Those who evade the Goods and Services Tax (GST) or assist another person to do so will be slapped with a fine of between 10 and 20 times the amount of tax involved.
KPMG Malaysia launches GST Kit to assist SMEs
KUALA LUMPUR, March 31 (Bernama) -- KPMG Malaysia has launched a goods and services tax (GST) kit for small and medium enterprises (SMEs).
 
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Events in April 2014
Events in May 2014
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Events in July 2014
Events in August 2014
 
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LEGISLATION   more  
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Customs (Anti-Dumping Duties) Order 2014
P.U. (A) 81 of 2014; 27 March 2014
Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (No. 3) Order 2014
P.U. (A) 76 of 2014; 18 March 2014
Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (No. 2) Order 2014
P.U. (A) 74 of 2014; 18 March 2014
Customs (Anti-Dumping Duties) (Extension of Time) Order 2014
P.U. (A) 75 of 2014; 18 March 2014
Petroleum (Income Tax) (Accelerated Capital Allowances) (Marginal Field) (Amendment) Rules 2014
P.U. (A) 58 of 2014; 27 February 2014
Petroleum (Income Tax) (Exemption) (Amendment) Order 2014
P.U. (A) 57 of 2014; 27 February 2014
Income Tax Act 1967 – Corrigendum
P.U. (B) 47 of 2014; 7 February 2014
Income Tax (Deduction from Remuneration) (Amendment) Rules 2014
P.U. (A) 35 of 2014; 30 January 2014
Finance Act 2014
Act 761
Excise Duties (Exemption) Order 2013
P.U. (A) 379 of 2013; 30 December 2013
 
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Malaysians get RPGT tax-free once-in-a-lifetime!
FOLLOWING on from my last article – Taxation is part of everyone’s life in which I shared how the proposed GST (Goods and Services Tax) may affect property prices come April 1, 2015, some may also be interested in taking a closer look at how the...
Understanding the New Tax System
So you want to consider opting for the “final tax” plan but are not quite sure what it’s about? KPMG Tax Services executive director Datin Pauline Tam tackles some of the questions raised by The Star readers.
It may be taxing but rewards should be worthwhile
WHAT is not to like about not having to submit tax returns? After all, it means saying goodbye to that time of the year – April for those with non-business income – when there is much hand-wringing and dashing around to fill up forms and to meet...
Annual returns too tax-ing?
PETALING JAYA: The option of not having to file annual tax returns may have been set to start in April next year, as announced in the last Budget. But for many taxpayers, the form-filling begins now. People opting for the plan known as “final ta...
Budget 2014: Tax Incentives are essential for Business and Growth
Article by Farah Rosley; The Star
 
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Federal Court: Malaysia Airports (Sepang) Sdn Bhd and Another v Federal Expresses Brokerage Sdn Bhd and 2 Others
Tax and Revenue – Whether the Minister of Finance has power under the Free Zones Act 1990 to impose charges on activities carried out or for facilities and services provided under the Act – Distinction between a tax and a fee
Federal Court: Lembaga Hasil Dalam Negeri Malaysia v Alam Maritim Sdn Bhd
Tax and Revenue – Whether time charter payment made by a resident company in Malaysia to non-resident companies in Singapore is subject to withholding tax – Whether nonresident companies entitled for relief under the avoidance of double taxation...
Federal Court: Malaysia Airports (Sepang) Sdn Bhd and Another v Federal Express
Tax and Revenue – Whether the Minister of Finance has power under the Free Zones Act 1990 to impose charges on activities carried out or for facilities and services provided under the Act – Whether the charges amount to taxation
Court of Appeal: Kyros International Sdn Bhd v Ketua Pengarah Hasil Dalam Negeri
Tax and revenue - Interference by High Court in the finding of facts of the Special Commissioners of Income Tax - Application of Chua Lip Kong v Director-General of Inland Revenue - Rules of appellate interference
Court of Appeal: Peram Ranum Berhad v Ketua Pengarah Hasil Dalam Negeri
Revenue Law – Interpretation – Subparagraph 60(3)(b)(ii) of the Income Tax Act 1967
Court of Appeal: Ketua Pengarah Hasil Dalam Negeri v Cardinal Health Malaysia 211 Sdn Bhd
Revenue Law – Paragraph 28 Schedule 6 of the Income Tax Act 1967 – Income Tax (Exemption) (No. 48) Order 1997
Court of Appeal: Shaklee Products (M) Sdn Bhd v Ketua Pengarah Hasil Dalam Negeri
Revenue Law – Franchisee fee – Deduction – Revenue or capital expenditure – Subsection 33(1) of the Income Tax Act 1967
 
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MOF Announcement - Upstream Petroleum Industry
The Ministry of Finance has made an announcement on Upstream Petroleum Industry.
GST Guide on Valuation
The Royal Malaysian Customs has issued a GST Guide on Valuation.
Guide to enhance Accounting Software to be GST Compliant
The Royal Malaysian Customs has issued a Guide to enhance Accounting Software to be GST Compliant.
Announcement regarding the Application of Subsection 77A (4) and Section 140B of the Income Tax Act 1967 and Schedule of Average Lending Rate Bank Negara Malaysia
Announcement by the Inland Revenue Board of Malaysia.
GST Guide on Professional Services
The Royal Malaysian Customs has issued a GST Guide on Professional Services. This industry guide is prepared to assist businesses in understanding matters with regards to GST treatment on the professional services in Malaysia which include the p...
Monthly Tax Deduction 2014 Schedule
The Inland Revenue Board has announced that the Schedule of Monthly Tax Deduction for 2014 (MTD 2014) is ready and can be downloaded from IRBM's Official Portal at www.hasil.gov.my through "Employer>Monthly Tax Deduction (MTD)>Notes and MTD Sche...
Income Tax Return Forms E, BE, B, BT, M, MT, P, TP, TJ and TF for Year of Assessment 2013
Income Tax Return Forms E, BE, B, BT, M, MT, P, TP, TJ and TF for Year of Assessment 2013 in PDF format have been uploaded onto the IRB Official Portal.
 
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INDUSTRY UPDATES   more  
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Inland Revenue Program to conserve Marine Biodiversity recorded in Malaysia Book of Records
BESUT, June 3 (Bernama) -- The Inland Revenue Board of Malaysia (IRBM)'s programme to conserve marine biodiversity has been recorded by the Malaysia Book of Records (MBR) as the first statutory body in the country to conduct its Corporate Servic...
Understanding Customs Appeal Tribunal: In Conversation with the Chairman (Part 2)
As the Customs Appeal Tribunal enters its seventh year, CTIM Malaysian Tax Portal caught up with the Tribunal’s Chairman Mr. Rungit Singh [photo] at the latter’s office in Putrajaya. This is the second part of the two-part interview, parts of w...
Understanding Customs Appeal Tribunal: In Conversation with Chairman Mr. Rungit Singh
As the Customs Appeal Tribunal enters its seventh year, CTIM Malaysian Tax Portal caught up with the Tribunal’s Chairman Mr. Rungit Singh [photo] at the latter’s office in Putrajaya. This is the first part of the two-part interview, parts of whi...
Customs Appeal Tribunal: Hearing of Appeals In 2012
A report by the Customs Appeal Tribunal.
 
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