TaxLetter 32
Download PDF version : HERE PEMERKASA Stimulus Package On 17 March 2021, the Malaysian Government unveiled a new economic recovery program, named Program Strategik Memperkasa Rakyat dan Ekonomi (Strategic Programmes to Empower the People and Economy) or PEMERKASA. The stimulus package is worth RM20 billion. The key highlights of the key initiatives are as follows:- […]
TaxLetter 31
Download PDF version : HERE Human Resource Development Fund Gazette Orders Gazette Order P.U.(A)84/2021 Pembangunan Sumber Manusia Berhad (Amendment of First Schedule) Order 2021 In order to strengthen the lifelong learning for skills enhancements, the Human Resource Development Fund (“HRDF”) has widened its scope of coverage in Part I of First Schedule of Pembangunan […]
TaxLetter 30
Download PDF version : HERE Tourism Tax Updates Description FAQs relating to Tourism Tax Pursuant to the Budget 2021, the imposition of tourism tax shall be extended to include accommodation premises booked through online platform providers. In this respect, the Royal Malaysian Customs Department (”RMCD”) has updated the FAQs relating to Tourism […]
TaxLetter 29
TaxLetter 29 REINFORCEMENT OF MCO & PERMAI STIMULUS PACKAGE 18 January 2021 On 11 January 2021, Prime Minister Tan Sri Muhyiddin Yassin reintroduced a 14-days Movement Control Order (“MCO”) from 13 January 2021 to 26 January 2021. On the first day of the MCO, Dr. Noor Hisham disclosed that the authorities do not intend […]
TaxLetter 28
TaxLetter 28 The last TaxLetter for 2020 The pandemic is sending many businesses in Malaysia on a roller-coaster ride. At ANC Group, we remained watchful and persistent abide the turbulent economic conditions, supporting our clients and businesses on the road to recover in the year 2021. We also work closely with new entrepreneurs during this […]
Budget Highlight 2021 (TaxLetter 26)
FOREWORD The government has introduced a phased economic recovery plan, centered on the 6R approach which is Resolve, Resilience, Restart, Recovery, Revitalise and Reform. We are currently at Phase 5 : Revitalise. However, with increase in number of COVID-19 cases, additional efforts will be required to be carried out by the government to reduce […]
Taxletter Issue 25
Download PDF Copy HERE Public Rulings Updates Public Ruling (PR)7/2020 Appeal Against an Assessment and Application for Relief This Public Ruling (“PR”) supersedes PR 12/2017 which was last amended on 25 September 2018. The objective of this PR is to explain the procedures with regards to the appeal and application for relief in line with […]
Taxletter Issue 24
1. Extension of Statutory Due Dates 2. PENJANA Initiatives Wage Subsidy Programme (WSP) 2.0 On 23 September 2020, Prime Minister Tan Sri Muhyddin Yassin announced that WSP will be extended for another 3 months. Under the WSP 2.0 :- a.eligible for companies that are facing income loss of 30% or more compared to previous year; […]
Taxletter Issue 23
[vc_row][vc_column width=”2/3″][vc_column_text][/vc_column_text][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Indirect Tax Updates Sales or Service Tax Payable extended to 15 April 2020 Import Duty and Sales Tax Exemption on Face Masks Service Tax Policy 7 Service Tax Policy 8 Service Tax Policy 9 RMCD during Restriction Movement Order Royal Malaysian Customs Department Operation and Services during Restriction Movement Order To curb the […]
Taxletter Issue 22
[vc_row][vc_column width=”2/3″][vc_column_text][/vc_column_text][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] read this in PDF Measures under Covid-19 and Restriction of Movement Order (18.03.2020 – 31.03.2020) Background Essential Services Non Essential Services Manufacturers Deadlines for Tax Filing Tax Estimate for Affected Industries Royal Malaysian Customs Department deadline FAQ by Ministry of Human Resource Employment Retention Program (RM600 / month) Covid-19 Movement Control Order Essential […]
