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Malaysia
Lee Hishammuddin Allen & Gledhill
With the gazetting of the Finance (No. 2) Act 2023 on 29.12.2023, capital gains tax ("CGT") was introduced into the Malaysian tax regime. In this alert, we summarise the essential elements and
Juen, Jeat, Nic & Nair
In December 2020, the Federal Court in the case of Wiramuda (M) Sdn Bhd v Ketua Pengarah Hasil Dalam Negeri held that Section 4C of the Income Tax Act 1967...
Zaid Ibrahim & Co
Stamp duties are taxes levied on legal instruments, used by most governments to raise revenue. Usually, stamp duty laws are dry and boring with most amendments affecting only the amounts of revenue
Donovan & Ho
When businesses secure loans to support their operations and growth, the interest paid on these loans is often considered a necessary cost. Are these interest expenses tax-deductible as business...
Donovan & Ho
If you are a business owner in Malaysia, it is important to understand which business expenditures are eligible for tax deductions.
Amanda Pang & Yee
Below, we explain (in simple terms) 4 of the most common property-related taxes in Malaysia.
Lee Hishammuddin Allen & Gledhill
The Taxpayer has been in the business of manufacturing, assembling, and trading plastic injection-moulded products since 1993.
Law Partnership
As the new year unfolds, Malaysia has ushered in a paradigm shift with the imposition of the sales tax on imported low-value goods...
Christopher & Lee Ong
Recently, the Kuala Lumpur High Court in Government of Malaysia v Inoapps Sdn Bhd [2022] MLJU 2280 held that while it was bound by sections 103 and 106 of the Income Tax Act 1967 to enter a summary judgment ...
Lee Hishammuddin Allen & Gledhill
In the recent case of S Sdn Bhd v Director General of Customs & Anor, the High Court struck down anti-dumping duties imposed on an exporter who is a licensed manufacturing warehouse ("LMW")...
Lee Hishammuddin Allen & Gledhill
Budget 2024 incorporates numerous significant tax measures and changes. Starting in March 2024, a capital gains tax will be implemented, and the service tax rate will also increase to 8%.
Zul Rafique & Partners
In a recent development, Malaysian Prime Minister Anwar Ibrahim has signaled the government's intention to introduce
Zul Rafique & Partners
Lembaga Hasil Dalam Negeri Malaysia (LHDN) has revealed that beginning 1 January 2024, the use of revenue stamps (stem hasil) for stamping will be discontinued.
Lee Hishammuddin Allen & Gledhill
On 29 May 2023, the Income Tax (Advance Pricing Arrangement) Rules 2023 ("2023 Rules") was gazetted. The advent of the 2023 Rules also marks the revocation of the Income Tax...
Lee Hishammuddin Allen & Gledhill
On 29 May 2023, the Income Tax (Transfer Pricing) Rules 2023 ("TPR23") was gazetted. TPR23 takes effect from the year of assessment ("YA") 2023[1] and replaces its decade-old predecessor...
Lee Hishammuddin Allen & Gledhill
On 17 May 2022, the Kuala Lumpur High Court (KLHC) dismissed the Director General of Inland Revenue's (DGIR) appeal in Sandakan Edible Oils. This was a landmark decision which vindicated the tax...
Lee Hishammuddin Allen & Gledhill
Double Taxation Agreements[1] (DTAs) have become increasingly important in regulating taxation matters when cross-border businesses are involved. DTAs safeguard taxpayers...
Lee Hishammuddin Allen & Gledhill
Double Taxation Agreements1 (DTAs) have become increasingly important in regulating taxation matters when cross-border businesses are involved. DTAs safeguard taxpayers by preventing...
Azmi & Associates
Employees are an important asset to companies and thus, making them feel valued is imperative to enhance employee retention efforts
Lee Hishammuddin Allen & Gledhill
On 13.10.2023, the Malaysia's Budget 2024, themed "MADANI Economy: Empowering the People", was tabled by the Prime Minister and Finance Minister.
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