by shuba | Mar 27, 2023 | News
THERE is a lot of noise around Luxury Tax. Some regard this as taking money from the rich and giving it to the rakyat. There is a lot of uncertainty surrounding this tax: What goods will be subject to Luxury Tax; what is the threshold at which it will be imposed; rate...
by shuba | Mar 20, 2023 | News
MALAYSIA’S Inland Revenue Board (IRB) had in the past taken the view that intangible assets do not qualify as an expense deduction or eligible for capital allowances until 2018 when the courts ruled that intangible asset such as a database containing core...
by shuba | Mar 13, 2023 | News
THROUGHOUT the past two decades, Malaysia has been running a budget deficit. This year’s deficit will be 5% of gross domestic product, amounting to RM97 billion. Malaysia cannot keep on increasing its borrowings which will soon reach RM1.2 trillion. In order to...
by shuba | Mar 7, 2023 | News
THE previous finance minister in his Budget speech in October 2022 indicated that the government would be implementing e-invoicing in phases starting from 2023. Although no mention of this has been made by the current finance minister in the retabled Budget 2023,...
by shuba | Mar 1, 2023 | News
The revised Budget 2023 tabled last Friday proposes to revive the Special Voluntary Declaration Programmes (SVDP) with full penalty waiver beginning June this year until end-2024. The Inland Revenue Board (IRB) and the Royal Malaysian Customs Department have been...
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