TaXavvy Issue 6/2018
This issue covers IRB's Practice Note 2/2018 and Public Ruling 1/2014 - Witholding tax on special classes of income.
TaXavvy Issue 7/2018
In this issue:
Capital Allowance for Information and Communication Technology Equipment
In the 2018 Budget, it was announced that companies would be allowed to claim capital allowance on (i) purchase of information and communication technology (ICT) equipment, and computer software packages, and (ii) expenditure relating to the development of customized software comprising consultation fee, licensing fee and incidental fee. The first proposal which has now been legislated in a new gazette order is effectively an extension of the capital allowance on ICT equipment and computer software packages given up to the year of assessment 2016, while the gazette order for the second proposal is still pending.
Revised Green Technology guidelines
MIDA has issued the revised guideline for Green Technology, which takes effect from 1 July 2018. The revision followed a review undertaken by the Forum on Harmful Tax Practices (FHTP) in 2017 under the Base Erosion Profit Shifting (BEPS) Action Plan 5: “Countering harmful tax practices more effectively, taking into account transparency and substance”.
Revised Real Property Gains Tax guidelines
The IRB has issued a revised RPGT guidelines dated 13 June 2018 (“2018 Guidelines”) which has incorporated the changes made to the RPGT Act 1976 since the last RPGT Guidelines dated 18 June 2013 (“2013 Guidelines”) was issued.
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.
Explore
4 results
Loading...
TaXavvy Issue 5/2018
This issue covers Public Ruling 2/2018 - Tax incentive for Returning Expert Programme, Revised Tax Investigation Framework, MIDA's revised guidelines on private healthcare and green technology incentives, MIDA's revised Domestic Investment Strategic Fund guideline, IRB's QR Code initiative, as well as deductions for...
TaXavvy Issue 4/2018
This issue covers revised Tax Audit Framework, Public Ruling No. 1/2018 – Disposal of Plant and Machinery (Part II – Controlled Sales), extension of tax exemption for shipping profits, and stamp duty exemption for contract notes in respect of transfer of shares in medium and small capital companies.
TaXavvy Issue 3/2018
This issue covers Public Ruling 12/2017, Mutual Agreement Procedure guidelines, the revised guideline on the Establishment and Operations of Labuan Leasing Business, Amendment to Guidelines of Income Tax Treatment of MFRS 5: Non-Current Assets Held for Sale and Discontinued Operations, and Common Reporting Standard...
Loading...
For earlier issues of TaXavvy, click here.
Contact us
Follow us
