Tax Developments
The honourable Minister of Finance, Datuk Seri Anwar Ibrahim, re-tabled the 2023 Budget on 24 February 2023.
One of the noteworthy proposals is the introduction of a new tax in 2023 on luxury goods (the “Luxury Goods Tax”) which came as a surprise to many. It was also proposed that the Voluntary Disclosure and Amnesty Programme which has ended on 30 September 2022 be re-introduced for the period from 1 June 2023 to 31 May 2024.
In addition, there are a number of proposals in relation to Duties and Sales Tax exemptions, amongst others, on electric vehicles, nicotine gum and nicotine patch as well as studio and filming production equipment.
Please click on the link above for more details on the key proposals announced in the re-tabled 2023 Budget in relation to Indirect Tax.
Petaling Jaya Office
Soh Lian Seng
Executive Director -
Head of Tax and Head of Tax Dispute Resolution
lsoh@kpmg.com.my
+ 603 7721 7019
Bob Kee
Executive Director -
Head of Transfer Pricing
bkee@kpmg.com.my
+ 603 7721 7029
Tai Lai Kok
Executive Director -
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
Ng Sue Lynn
Executive Director -
Head of Indirect Tax
suelynnng@kpmg.com.my
+ 603 7721 7271
Outstation Offices
Penang Office
Evelyn Lee
Executive Director -
Penang Tax
evewflee@kpmg.com.my
+603 7721 3388 (ext. 2399)
Ipoh Office
Crystal Chuah Yoke Chin
Associate Director -
Ipoh Tax
ycchuah@kpmg.com.my
+605 253 1188 (ext. 320)
Kuching & Miri Office
Regina Lau
Executive Director -
Kuching & Miri Tax
reglau@kpmg.com.my
+6082 268 308 (ext. 2188)
Kota Kinabalu Office
Titus Tseu
Executive Director -
Kota Kinabalu Tax
titustseu@kpmg.com.my
+6088 363 020 (ext. 2822)
Johor Office
Ng Fie Lih
Executive Director -
Johor Tax
flng@kpmg.com.my
+607 266 2213 (ext. 2514)