Malaysia: Summary of income and indirect tax developments (November 2022)

Income and indirect tax developments

November 2022

The KPMG member firm in Malaysia prepared a monthly summary of tax developments [PDF 3.1 MB] that includes a discussion of the following income and indirect tax developments:

  • The Malaysian Inland Revenue Board (MIRB) updated frequently asked questions (FAQs) on the special deduction of costs for renovation and refurbishment of business premises
  • MIRB’s updated FAQs on Section 107D withholding tax deducted by companies on payments made to resident individual agents, dealers or distributors (ADDs)
  • MIRB’s prescribed forms for submitting and remitting withholding tax of small value on recurring transactions
  • MIRB’s guidance on tax treatment of dormant Labuan entities
  • Incentives for approved food production projects
  • Extension of full income tax exemption for Malaysian shipping companies
  • Postponement of implementation of excise tax on premixed beverages
  • Excise (amendment) regulations 2022
  • Indirect tax amendment acts


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.