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:
• Extension of exemption on foreign dividend income received in Malaysia from outside Malaysia
• Exemption on income derived from promoting or organising events of international standard
• Deduction for renovating and converting office premises to a residential house
• Review of Principal Hub 3.0 tax incentive
• Income Tax (Deduction for Relocation Costs for Tun Razak Exchange Marquee Status Company) (Amendment) Rules 2026
• Malaysian Inland Revenue Board’s updated guidelines on Capital Gains Tax
• Practice Note No. 3/2026 – Comparison of Allowances Claimed under Schedules 7A and 7B of the Malaysian Income Tax Act 1967
• Malaysia Digital Economy Corporation’s updated guidelines and Frequently Asked Questionss on Forest City Special Financial Zone tax incentive for fintech related activities, financial global business services and foreign payment system operator
• Guidelines on the imposition of stamp duty on service agreements
• Sales Tax Announcement
• Service Tax Policies
• Public Ruling 6/2026 - Forms, Returns, Application Procedures and Payment under Tourism Tax Act 2017, Sales Tax Act 2018 and Service Tax Act 2018
• Guide on Construction Work Services
• Indirect tax legislation updates
The relevant tax changes can be accessed via the above link.
