Stamp Duty Audit Framework
The Inland Revenue Board (IRB) has issued a Stamp Duty Audit Framework which is effective from 1 January 2025.
The framework aims to provide guidelines for audits and investigations in supporting the transition to self-assessment system as announced in Budget 2025.
Real property gains tax – administrative developments
In line with the implementation of self-assessment system for real property gains tax (RPGT) from 1 January 2025, the IRB has issued the following:
RPGT Audit Framework
GPHDN 1/2025 - RPGT Operational Guideline
Return Form Filing Programme for the Year 2025
The IRB has issued the Return Form Filing Programme for the Year 2025. The filing programme outlines the statutory filing and tax payment due dates, grace period and method of submission for the various return forms.
Updated e-Invoice guidelines and FAQs
The IRB has issued the following documents dated 28 January 2025:
e-Invoice guideline (version 4.1)
e-Invoice specific guideline (version 4.0)
General FAQ on implementation of e-Invoice
FAQ for insurance and takaful
FAQ for financial services, stockbroking and unit trust
Allowance for increased exports
The following orders have been gazetted to amend the ownership conditions for a qualifying company in relation to the Allowance for Increased Exports (AIE) incentive for manufacturing or agricultural activities:
Income Tax (Exemption) (No. 5) Order 2019 (Amendment) Order 2025
Income Tax (Exemption) (No. 6) Order 2019 (Amendment) Order 2025
The above gazette orders are effective from YA 2025.
FAQ on Mutual Agreement Procedures
The IRB has issued the FAQ on Mutual Agreement Procedures (MAP), updated as at 14 January 2025. The updates are predominantly consistent with the 2023 MAP Guidelines
Public Ruling 4/2024 - Taxation of a resident individual Part 1 - Gifts or contributions and allowable deductions
The IRB has issued Public Ruling 4/2024 which replaces Public Ruling 6/2023 of the same title.
Public Ruling 6/2024 – Tax incentive for organizing arts, cultural, sports and recreational activities
The IRB has issued a new Public Ruling 6/2024 - Tax Incentive for Organising Arts, Cultural, Sports, and Recreational Activities. PR 6/2024 explains the tax incentive available to a promoter that organises an approved art or cultural activities, sports or recreational competitions.
Public Ruling 7/2024 – Co-operative Society
The IRB has issued Public Ruling 7/2024 – Co-operative Society which replaces Public Ruling 9/2011 of the same title. PR 7/2024 explains the tax treatment of a co-operative society registered in Malaysia.
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.
This issue delves into the Smart Logistic Complex tax incentives guidelines, Updated e-Invoice guidelines and FAQs, Real property gains tax (RPGT) – FAQs on e-CKHT submission methods and New access control features in MyTax portal.
The Income Tax (Exemption) Order 2025 (“2025 Order”) was gazetted on 13 February 2025 and provides exemption from income tax on various payments from specified Labuan persons.
This issue delves into the Stamp Duty Audit Framework, Real property gains tax – administrative developments, Return Form Filing Programme for the Year 2025 and many more.
The Malaysian Investment Development Authority has released a snapshot of the available tax incentive package for the flagship areas in the JS-SEZ.
