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.
Summary of income and indirect tax developments
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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