The Malaysia Sales and Services Tax (SST) was raised from 6% to 8% starting 1 March 2024. Find out what industries and services will be impacted.
Find out the corporate tax rates and corporate income tax rate for chargeable income in Malaysia, and explore tax deductions measures for SMEs.
The implementation of GMT (also known as OECD Pillar Two) in 2024 will mark a significant shift in the international tax landscape. This framework aims to address profit shifting by multinational enterprises (MNEs) and create a fairer tax environment. While some jurisdictions have already implemented...
18, 2024, at 4:04 a.m. Save MoreReuters Malaysia's Prime Minister and Finance Minister Anwar Ibrahim holds the 2025 Malaysia budget document at the Finance Ministry building, as he departs to the Parliament, in Putrajaya, Malaysia, October 18, 2024. REUTERS/Hasnoor...
1980 - 2024 | Quarterly | USD mn | CEIC DataKey information about Malaysia Tax Revenue Malaysia Tax Revenue was reported at 11.278 USD bn in Jun 2024. This records an increase from the previous figure of 11.135 USD bn for Mar 2024. Malaysia Tax Revenue data is updated quarterly, ...
In 2023, Singapore started requiring nonresident businesses to charge and remit GST on consumer (B2C) sales of low-value goods and nondigital services. Also in 2023, Norway imposed a tax collection obligation on foreign businesses providing remote services to local consumers. In Malaysia, tax ...
September 11, 2024 The KPMG member firm in Malaysia prepared a monthly summary of tax developments that covers income tax and indirect tax.Income tax Guideline on the Director General of Inland Revenue’s approval under Subsection 44(6) of the Malaysian Inbound Tourism Asso...
doi:10.21552/cclr/2024/2/4CARBON taxesFISCAL policyFUEL costsPUBLIC service advertisingSUSTAINABILITYThis article discusses the potential implementation of a carbon tax in Malaysia. It examines the expected adverse effects of implementing such a policy, particularly focusing on the...
In this issue: Malaysia Digital tax incentives On 31 May 2024, Malaysia Digital Economy Corporation Sdn Bhd unveiled its outcome-based Malaysia Digital (MD) tax incentives for MD companies proposing to undertake qualifying activities by leveraging any of the following promoted tech enablers: ...
Find the list of all universities for Certification in Tax in Malaysia with our interactive university search tool. Use the filter to list universities by subject, location, program type or study level.