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 (July 2024)

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

July 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

  • Guidelines on tax treatment of hybrid instruments
  • Guidelines and procedures for automation capital allowance for manufacturing and services sectors
  • Extension of income tax exemption for Malaysian shipping companies
  • Guidelines on further tax deduction for carbon projects
  • Guidelines for application of tax deduction for approved food production projects

Indirect tax

  • New forms
  • Service tax guides

E-invoicing

  • E-invoicing specific industry FAQ – aviation

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