Tax developments (March 2026)

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:

•  Practice Note No. 1/2026 – Explanation on tax treatment for reporting income based on profit distribution vouchers of Retail Money Market Fund

•  Iskandar Regional Development Authority’s guidelines on application for stamp duty remission for transfer of property and instrument of loan or financing agreement for Pulau 1 of Forest City Special Financial Zone

•  Service Tax guide

•  Indirect tax legislation updates