TaXavvy Issue 4/2016
This issue covers e-Filing available for Form e-C from 1 April 2016, withholding tax on REIT distribution to non-residents and stamp duty exemption for SMEs with Green Lane Policy incentive.
TaXavvy Stamp Act (Amendment) Bill
Inside this issue:
Key highlights
- Properties and Shares Sale and Purchase Agreements subjec to ad valorem stamp duty
- Reduction of stamp duty rates for unquoted shares
- Requirement to submit return
- Instruments chargeable with duty
- Relief in respect of error or mistake
- Adjudication and assessment as to proper stamp/Introduction to self assessment
- Powers of the Collector of Stamp Duties
- Power to appoint agents
- Recovery of duty from executor
- Definition of "small and medium enterprise"
Stamp duty relief
- Stamp duty relief in case of reconstructions or amalgamations of companies
- Stamp duty relief in case of transfer of property between associated companies
Stamp duty administration
- Requirement to keep records
- Loss of stamp certificate
- Allowance for spoiled stamps
Offences and penalties
- Increase in penalties
- Recovery of duties, penalties and other sums
- Compoundable offences
Savings and transitional provisions
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TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PricewaterhouseCoopers Taxation Services Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.
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TaXavvy Issue 3/2016
This issue covers reduction of penalty and waiver of increase in taxes, special personal tax relief and tax finalisation letter for employee.
TaXavvy Issue 2/2016
This issue covers Public Ruling 1/2016 - Agriculture Allowance, and Filing programme for return forms in the year 2016
TaXavvy Issue 1/2016
This issue covers Finance Act 2015, Deferment of Thin Capitalisation Rules, Guidelines on Tax Incentives for Green Industries and Waste Eco Park, Public Ruling 10/2015 - Investment Holding Company, Public Ruling 11/2015 - Tax Incentive for Angel Investor, Public Ruling 12/2015 - Recovery from Persons Leaving Malaysia,...
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