TaXavvy Issue 34/2024
Finance Act 2024 and other tax acts gazetted.
TaXavvy Issue 32/2024
In this issue:
Guideline on application for green technology tax incentives
Malaysian Investment Development Authority has issued the Guideline on Application for Green Technology Incentive covering Green Investment Tax Allowance (GITA) Project for Business Purposes and Green Income Tax Exemption (GITE) Solar Leasing following the revision of the green technology tax incentives announced in Budget 2024.
Accelerated Capital Allowance for ICT equipment and computer software
In the 2024 Budget, it was announced that the accelerated capital allowance rates for ICT equipment and computer software be revised. The following gazette orders have now been issued to legislate the budget proposal:
- Income Tax (Capital Allowance) (Development Cost for Customised Computer Software) Rules 2024
- Income Tax (Accelerated Capital Allowance) (Information and Communication Technology Equipment) Rules 2024
Tax incentive for hydrogen sulfide projects
Petroleum (Income Tax) (Investment Allowance) (Amendment) Regulations 2024 has been issued to provide tax incentives for hydrogen sulfide projects.
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 33/2024
This issue dives into the Updated real property gains tax exemption guidelines for transfer of assets, Filing program for specified documents through MITRS, Stamp duty exemption for SMEs financing instruments and Tax incentive for equity crowdfunding.
TaXavvy Budget 2025 Edition [Finance Bill 2024]
Welcome to our TaXavvy Budget Edition [Finance Bill 2024] which brings you the key tax proposals of Budget 2025 based on the Budget speech as announced by the Prime Minister and Finance Minister, YAB Dato' Seri Anwar bin Ibrahim on 18 October 2024.
TaXavvy Issue 32/2024
This issue dives into the Guideline on application for green technology tax incentives, Accelerated Capital Allowance for ICT equipment and computer software and Tax incentive for hydrogen sulfide projects.
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