Malaysia: Summary of income and indirect tax developments (October 2024)
Monthly summary of tax developments covers income tax and indirect tax
The KPMG member firm in Malaysia prepared a monthly summary of tax developments that covers income tax and indirect tax.
Specifically, the report outlines:
- Green technology tax incentives
- Tax incentives for the Forest City special financial zone
- Stamp duty exemption for independent smallholder oil palm replanting incentive program
- Amendments to a public ruling granting an exemption from sales tax for certain manufacturing aids
- Indirect tax amendments
- Income Tax (Issuance of Electronic Invoice) Rules 2024 effective October 1, 2024
- Updated guidelines on electronic invoicing (e-invoicing)