Malaysia: Summary of income and indirect tax developments (July 2023)
Discussions of income tax, stamp duty (tax), and indirect tax
Discussions of income tax, stamp duty (tax), and indirect tax
The KPMG member firm in Malaysia prepared a monthly summary of tax developments [PDF 3.1 MB] that includes discussions of income tax, stamp duty (tax), and indirect tax.
In this edition:
- Double deduction incentive for approved internship program
- Stamp duty (tax) remission for contract notes relating to sales of shares of stock on the Bursa Malaysia
- Service tax (amendment) regulations 2023
- Indirect tax revised guidelines
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.