Malaysia: Summary of income and stamp tax developments for second quarter 2022 (COVID-19)
A summary of tax developments for the second quarter of 2022
A summary of tax developments for the second quarter of 2022
The KPMG member firm in Malaysia prepared a summary of tax developments [PDF 1.7 MB] for the second quarter of 2022, which includes a discussion of the following income and stamp tax developments:
- Labuan amendment acts
- Approved incentive scheme for principal hub
- Frequently asked questions (FAQs) on the use of e-telegraphic transfer system
- Incentives for the Sabah development corridor and the East Coast economic region
- Incentives for the venture capital industry
- Incentive for investment in equity crowdfunding
- Incentive for implementation of “industry4wrd” vendor development program
- Guideline for the application of tax deductions for contributions to a charity of community project to fight against the coronavirus (COVID-19) pandemic
- Guideline for the application for approval of a coronavirus (COVID-19) relief fund
- Stamp duty remission on contract notes for the sale of listed shares or stock
- Stamp duty exemption for the Sabah development corridor and the East Coast economic region
- Remission of tax and stamp duty on Islamic medium term notes program
- Remission of tax and stamp duty on the term “financing-i facility”
- Expansion of scope of remission of tax and stamp duty to syndicated revolving “credit-i facility”
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