Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

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Malaysia: Summary of income and indirect tax developments (June 2024)

A monthly summary of tax developments that covers income tax, indirect tax, and electronic invoicing.

June 12, 2024

The KPMG member firm in Malaysia prepared a monthly summary of tax developments that covers income tax, indirect tax, and electronic invoicing (e-invoicing).

Income tax

  • Gazette of the Amendments Acts
  • Launch of the Malaysia digital tax incentives
  • Malaysian green technology and climate change corporation guideline on green investment tax allowance asset for own consumption
  • Extension of income tax exemption for economic corridors
  • Income tax exemption for Islamic financial-related Labuan trading activities

Stamp duty

  • Extension of stamp duty exemption for transfer of real properties in the Sabah development corridor

Indirect tax

  • Public Ruling 3/2024
  • Extension of payment period for the voluntary disclosure programme
  • Revised service tax guides

Tax audit / investigation

  • Tax investigation framework 2024

E-invoicing

  • Software development kit updates
  • E-invoicing specific industry FAQ – insurance and Takaful

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