The Malaysian 2024 Budget, which is themed “Madani Economy: Empowering the People”, was announced on...
In this issue, we summarise the following recent key tax developments:
- Change in Name of Payee for Payments through the Royal Malaysian Customs Department (“RMCD”) counters
- Mandatory Use of Form CKHT 502 via e-CKHT for Payments Withheld by Acquirers Under Section 21B of the Real Property Gains Tax Act 1976 (“RPGTA”)
- Use of Locked Bag Address as Mailing Correspondences with the Inland Revenue Board (“IRB”)
- Guide and Flowchart for Submission and Payment of Withholding Tax (“WHT”) under Section 107D of the Income Tax Act 1967 (“ITA”)
- Tax Investigation Framework 2023
- Frequently Asked Questions (“FAQ”) on Mutual Agreement Procedures (“MAP”)
- Notification on Changes in Tax Identification Number (“TIN”) Format
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The Ministry of Finance has announced that the SVDP 2.0 will run from June 6,...