Malaysia: Monthly summary of income and indirect tax developments
Discussion of income and indirect tax developments
Discussion of income and indirect tax developments
The KPMG member firm in Malaysia prepared a monthly summary of tax developments [PDF 2.9 MB], which includes a discussion of the following income and indirect tax developments:
- Time limit for unabsorbed adjusted business losses carried forward
- Tax incentives for organizing conferences in Malaysia
- Taxation of foreign fund management company
- Administrative changes to the submission and payment of withholding tax on payments by companies to resident individual agents, dealers or distributors (ADDs)
- Frequently asked questions (FAQs) and updated guidance for tax corporate governance framework (TCGF)
- Malaysia digital status
- Deduction for investment in bionexus status company
- Technical guideline on tax treatment for developers, joint management bodies and management corporation
- Service tax policy 1/2022
- Amendment to service tax policy 10/2020 (amendment no 2)
- Indirect tax amendment bills
- Sales tax amendment bill
- Service tax amendment bill
- Sales tax (amendment) regulations 2022
- Service tax (digital services) (amendment) regulations 2022
- Revised guide
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.