The Malaysian 2024 Budget, which is themed “Madani Economy: Empowering the People”, was announced on...
In this issue, we summarise the key recent tax related developments as follows:
(i) Implementation of e-Telegraphic Transfer (e-TT) system
(ii) DuitNow as a Medium for Tax Refund
(iii) Exemption on foreign-sourced income from the computation of Cukai Makmur
(iv) Gazette Order for Global Trading Centre Incentive Scheme
(v) Withholding tax on payments to agents, dealers and distributors.
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The Ministry of Finance has announced that the SVDP 2.0 will run from June 6,...