Malaysian Inland Revenue Board’s Updated FAQs on Taxation Matters During the National Recovery Plan Malaysian Inland Revenue Board’s Updated FAQs on Taxation Matters During the National Recovery Plan Malaysian Inland Revenue Board’s Updated FAQs on Taxation Matters During the National Recovery Plan

The Malaysian Inland Revenue Board ("MIRB") has further updated its Frequently Asked Questions ("FAQs") on taxation matters during the National Recovery Plan on 4 July 2021. The Government initiated the National Recovery Plan from 1 June 2021.

Amongst others, the notable changes in the MIRB’s latest FAQs include:-

• Withholding Tax

Withholding tax payment can also be made online via interbank GIRO transfer or electronic fund transfer by furnishing complete payment details to the MIRB, apart from telegraphic transfer as announced in its earlier FAQs.  

• Real Property Gains Tax (“RPGT”)

A further one month extension of time until 31 August 2021 (previously 31 July 2021) is given for the submission of RPGT return forms where the due date falls within the National Recovery Plan period.  Similar extension of time is now given for the payment of retention sum under Section 21B of the RPGT Act 1976.

• Stamp Duty

An extension of time of 30 days is granted (previously an application is required) for stamping of instruments or stamp duty payment where the due date falls within the National Recovery Plan period.  For other cases, application for extension of time will be considered by the MIRB based on merits of the case. 

A copy of the MIRB’s updated FAQs can be accessed via the above link.

Should you have any questions or require further clarification, please do not hesitate to email or contact any of our Executive Directors, Directors, Associate Directors or Managers whom you are accustomed to dealing with or who are responsible for the tax affairs of your organization.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Tai Lai Kok Executive Director - Head of Tax and Head of Corporate Tax ltai1@kpmg.com.my + 603 7721 7020	Long Yen Ping Executive Director - Head of Global Mobility Services yenpinglong@kpmg.com.my + 603 7721 7018
Bob Kee Executive Director - Head of Transfer Pricing bkee@kpmg.com.my + 603 7721 7029	Ng Sue Lynn Executive Director - Head of Indirect Tax suelynnng@kpmg.com.my + 603 7721 7271
Soh Lian Seng Executive Director - Head of Tax Dispute Resolution lsoh@kpmg.com.my + 603 7721 7019

Penang Office	Kuching & Miri Office
Evelyn Lee Executive Director - Penang Tax evewflee@kpmg.com.my +604 238 2288 (ext. 312)	Regina Lau Executive Director - Kuching & Miri Tax reglau@kpmg.com.my +6082 268 308 (ext. 2188)
Kota Kinabalu Office	Johor Bahru Office
Titus Tseu Executive Director - Kota Kinabalu Tax titustseu@kpmg.com.my +6088 363 020 (ext. 2822)	Ng Fie Lih Executive Director - Johor Bahru Tax flng@kpmg.com.my +607 266 2213 (ext. 2514)
Ipoh Office
Crystal Chuah Yoke Chin Tax Manager - Ipoh Tax ycchuah@kpmg.com.my +605 253 1188 (ext. 320)