Tax developments
KPMG's monthly tax developments alert aims to provide tax updates for your organization in a timely manner.
In this edition, we are pleased to highlight some of the notable tax updates and developments since the last update:
• Accelerated capital allowance for speed limitation device
• Return form filing program for year 2026
• Extension of tax deduction for investment made in commercialization projects of non-resource based research & development findings
• Guideline on capital gains tax exemption on restructuring schemes
• Guidelines on Labuan trading activity and Labuan non-trading activity
• Malaysian Income Tax Reporting System implementation commences for more corporate taxpayers
• Operational Guideline No. 4/2025 – Application for extension of time application for Return Form submission (e-Lanjutan Masa)
• Public Ruling No. 8/2025 – Tax treatment of micro, small and medium companies
• Practice Note No. 2/2025 – Explanation in relation to the formula for tax remission on Government guarantee loan instruments under the Loans Guarantee (Bodies Corporate) Act 1965 (excluding insurance and takaful industry)
• Waiver of stamp duty penalty in the first year of implementation of Stamp Duty Self-Assessment System (“SDSAS”)
• Operational Guideline No. 3/2025 - Stamping Applications through the SDSAS
• Extension of stamp duty exemptions relating to purchase of insurance / takaful certificates, purchase of first residential property, trading of exchange traded fund and purchase of structured warrants
• Updated guideline on the imposition of stamp duty on instruments of sale and transfer of movable property
• Service Tax Policy 3/2025 (Amendment No. 2)
• Service Tax guide
• Indirect tax legislation updates
• Tax Corporate Governance update
The relevant tax changes can be accessed via the above link.
Petaling Jaya Office
Soh Lian Seng
Partner - Head of Tax and Tax Dispute Resolution
lsoh@kpmg.com.my
+ 603 7721 7019
Ng Sue Lynn
Partner - Head of Indirect Tax
suelynnng@kpmg.com.my
+ 603 7721 7271
Tai Lai Kok
Partner - Head of Corporate Tax
ltai1@kpmg.com.my
+ 603 7721 7020
Bob Kee
Partner - Head of Transfer Pricing
bkee@kpmg.com.my
+ 603 7721 7029
Long Yen Ping
Partner - Head of Global Mobility Services yenpinglong@kpmg.com.my
+ 603 7721 7018
Outstation Offices
Penang
Poh Sin Yue
Partner
sypoh@kpmg.com.my
+603 7721 7285
Ipoh
Crystal Chuah Yoke Chin
Associate Director
ycchuah@kpmg.com.my
+603 7721 2714
Kuching & Miri
Regina Lau
Partner
reglau@kpmg.com.my
+603 7721 2188
Kota Kinabalu
Titus Tseu
Executive Director
titustseu@kpmg.com.my
+603 7721 2822
Johor
Ng Fie Lih
Partner
flng@kpmg.com.my
+603 7721 2514