LHDN Personal Tax Relief 2025: Ultimate Guide to Tax Savings
Introduction Filing your taxes doesn’t have to be a burden if you know how to navigate the latest incentives. The Inland Revenue Board of Malaysia (LHDN) recently released Public Ruling (PR) No. 7/2025, which updates the framework for LHDN Personal Tax Relief 2025. This ruling is essential for resident individuals looking to claim gifts, contributions, […]
Basis Period, Accounting Period Malaysia – Understanding Year End & YA
Introduction Understanding the basis period accounting period malaysia is essential for companies, LLPs and businesses when preparing financial statements and filing tax. This article explains the difference between “Basis Year”, “Basis Period” and “Accounting Period” under the Income Tax Act 1967 (latest consolidated), and how your choice of financial year-end may impact your Year of […]
sme tax malaysia: SME & IHC Income Tax Guide
Introduction sme tax malaysia rules give small and medium enterprises (SMEs) favourable income tax treatment under the Income Tax Act 1967. However, not every company qualifies and certain investment-holding companies (IHCs) are excluded. This guide explains who qualifies, how rates apply, and when SME benefits are lost under the law. What Defines an SME in […]
Unabsorbed Business Loss Malaysia: Carry-Forward Rules & Limits
Introduction Unabsorbed business loss Malaysia — also known as UBL — allows companies to carry forward unutilised business losses from prior years to offset future business income. Understanding how UBL works under the Income Tax Act is essential for proper tax planning and compliance. What is Unabsorbed Business Loss (UBL)? If a company incurs a […]
Pioneer Status Malaysia: Qualifying Criteria & Application Guide
Introduction Pioneer Status Malaysia is a key investment incentive under the Promotion of Investments Act (PIA) 1986, designed to attract companies involved in manufacturing, agriculture, hotel, tourism, and R&D sectors. To qualify, a company must either produce a “promoted product” or carry out a “promoted activity” — collectively known as Promoted Activities and Promoted Products […]
Imported Service Tax Malaysia: Full SST & Digital Service Tax Guide
Introduction The imported service tax Malaysia framework ensures that businesses acquiring services from overseas remain compliant with the Service Tax Act 2018. This article covers Type B: Imported Taxable Services and Type C: Digital Services, including exemptions, documentation, registration rules for foreign providers, taxable periods, and refund/offset procedures. Section 1: Imported Taxable Services (Type B) […]
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 […]
Service Tax Remission Malaysia: Full Conditions & Approval Guide
Introduction The service tax remission Malaysia mechanism empowers the Minister of Finance to remit (reduce or waive) the whole or part of Service Tax payable under circumstances deemed appropriate. This article explains when remission can be granted, the required documents, the approval process, and practical examples based on the Service Tax Act 2018. What Is […]
Contra System Service Tax Malaysia: Refund & Deduction Guide
Introduction The contra system service tax malaysia mechanism allows eligible taxable persons to deduct service tax previously paid but later refunded to customers. This deduction can be offset against future service tax payable through Form SST-02. This guide explains how the Contra System works, eligibility conditions, timelines, and compliance requirements under the Service Tax Act […]
Service Tax Payable Malaysia | SST Rules, Bad Debts & Invoices
Introduction The concept of service tax payable Malaysia is governed under the Service Tax Act 2018, which outlines when tax becomes due, how taxable value is determined, and what documentation is required. This guide summarises valuation rules, invoicing requirements, notes issuance, and bad debt refund procedures to support proper SST compliance. What Is Service Tax […]
