by Nurzainatul Azwanie | Sep 25, 2023 | News
THE government is unlikely to reintroduce Goods and Services Tax (GST) in light of the slowing world economy. GST is seen to be a regressive tax that will burden lower income groups. At the same time, the government requires revenue to reduce the budget deficit and to...
by Nurzainatul Azwanie | Sep 19, 2023 | News
THE Inland Revenue Board of Malaysia (IRB) and the Royal Malaysian Customs Department (Customs) are expected to collect about RM270 billion in taxes. IRB collects income tax, real property gain taxes, stamp duties, petroleum income tax; Customs collects import...
by Nurzainatul Azwanie | Sep 11, 2023 | News
MALAYSIA will be following many other countries in digitalising invoicing through the e-invoice system that will be mandatorily implemented in stages starting with companies with a turnover of more than RM100 million on June 1, 2024. This will be followed by companies...
by Nurzainatul Azwanie | Sep 7, 2023 | News
REFGISTRATION for Sales and Service Tax (SST) should be a simple affair. Why is this a problem for many businesses? This is not a matter of choice. The law states that any taxable person who provides taxable services or goods above the prescribed threshold should be...
by Nurzainatul Azwanie | Sep 7, 2023 | News
TAXATION principles do not discriminate between legal and illegal activities. The fact that the income may be illegal or immoral is of no concern when it comes to taxation. As long as the income is of a business nature that arises from a profession, vocation or trade,...
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