Research and Development Incentives Malaysia: R&D Tax Deductions
Introduction Research and Development Incentives Malaysia encourage businesses to invest in innovation. Under the Income Tax Act 1967, companies may claim single or double deductions for qualifying R&D expenditure, helping to reduce tax costs while driving technological growth and competitiveness. Types of R&D Incentives Single Deduction – Subsection 34(7) ITA A single deduction is allowed […]
Labuan Tax Payment: Rules, Penalties & Director’s Liability
Introduction Labuan tax payment obligations are crucial for companies operating in Malaysia’s Labuan International Business and Financial Centre (IBFC). Under the Labuan Business Activity Tax Act (LBATA) and the Income Tax Act 1967 (ITA), entities must comply with payment deadlines, recovery rules, and reporting obligations. This guide explains how Labuan tax is paid, the consequences […]
Malaysia Rental Income Tax: Business Income vs Investment Income Explained
Malaysia Rental Income Tax: Business Income vs Investment Income Explained Malaysia Rental Income Tax: Business Income vs Investment Income Explained Introduction Under the Malaysia Income Tax Act 1967, rental income is not always treated the same way. Depending on the level of services provided by a landlord, rental income may be taxed as either business […]
E-Invoice 2
Issuance of E-Invoices: Top 12 FAQs You Must be Clear On
电子发票2024:跨境交易该如何处理？
Different Types of Taxes and Government Revenue in Malaysia
Different Types of Taxes and Government Revenue in Malaysia The Federal Government revenue which includes taxation is classified into four main categories, namely Tax Revenue, Non-Tax Revenue, Non-Revenue Receipts and Revenue from Federal Territories. Tax Revenue Tax Revenue is classified into Direct Tax Revenue and Indirect Tax Revenue. Direct Tax Revenue Individual Income Tax Corporate […]
Tax Avoidance and Tax Evasion
Tax Avoidance and Tax Evasion What is Tax Avoidance ? The term “avoidance” is defined as an arrangement of a taxpayer’s tax affairs in compliance with the law to reduce the incidence of tax. So long as no provisions of the law are violated and transactions are bona fide, tax avoidance is justifiable. The […]
Capital Gains Tax vs Revenue Tax in Malaysia
Difference between Capital Gains Tax and Revenue Tax in Malaysia In general, Malaysia does not have any capital gains tax, except for gains from property disposals under the Real Property Gains Tax. Mainly, Malaysia only taxes revenue that is income in nature, derived from Malaysia. What is Capital Gains The capital transaction is usually […]
Treatment of Election Public Holidays : 18 and 19 November 2022
Election Public Holidays : 18 and 19 November 2022 The caretaker Prime Minister of Malaysia, Dato’ Sri Ismail Sabri bin Yaakob has announced that 18 and 19 November 2022 are declared public holidays under Section 8 of the Holidays Act 1951. This is to encourage and facilitate Malaysians to vote for their government in the upcoming […]
