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 […]
Different Types of Taxes in Malaysia
How many types of taxes are in Malaysia? There are two types of taxes in Malaysia which consists of direct tax and indirect tax. Direct Tax Direct tax is a tax that is levied on a person or enterprise’s income. The taxpayer is paid directly to the tax collector. Inland Revenue Board Malaysia (IRBM) is […]
什么是 Interest Restriction？
