The Malaysian Inland Revenue Board (HASiL) is granting a six (6) month relief period for businesses to comply with mandatory e-Invoicing, allowing the issuance of consolidated e-Invoices for all transactions, including self-billed e-Invoices, and no penalties will be given.

Additionally, businesses that comply without using this relief will received a reduction in the capital allowance claim period for ICT equipment and software from three (3) years to two (2) years effevive from the Year of Assessment (YA) 2024 to YA 2025.

Please click on the link below for more information!

The Inland Revenue Board (HASiL) has just released the documents below:
- e-Invoicing General Guideline dated 19/07/2024
- e-Invoicing General FAQ dated 19/07/2024

Please click on the link below for more information!

Finance Minister II Datuk Seri Amir Hamzah Azizan told Dewan Rakyat that micro, small and medium enterprises (MSMEs) that are earning less than RM150,000 annually are not required to issue e-invoices!

Click below for more information.

There are several submission deadlines that employers should be aware of. Let's take a look at what will be due by the end of July 2024:-

✅6th month revision of tax estimates for companies with January year-end

✅9th month revision of tax estimates for companies with October year-end

✅11th month revision of tax estimates for companies with August year-end

✅Statutory filing of 2023 tax returns for companies with December year-end

✅Maintenance of transfer pricing documentation for companies with December year-end

Don’t miss the deadline!

Taxpayers conducting business are given a grace period of 15 days to submit Tax Return Forms via e-filing!
The details are as follows:

Types of Forms:
• Form B - Resident individuals who carry on business
• Form P - Partnerships
• Form BT - Resident individuals (knowledge workers/ expert workers/ key positions) who carry on business
• Form M - Non-resident individuals who carry on business
• Form MT - Non-resident knowledge workers who carry on business
• Form TF - Associations who carry on business
• Form TP - Deceased Persons' Estate who carry on business

Due Date for Submission: 15th July 2024

Please click the link below for more details

The Inland Revenue Board (HASiL) has just released the latest guidelines:
• General Guidelines (Version 3.0)
• Specific Guidelines (Version 2.2)

Highlights of the updates include:
1. Updated the list of payments exempt from e-Invoice requirements to include 2 new scenarios.
2. Added 1 self-billed circumstance allowing consolidation.
3. Included 1 new scenario in the list of transactions that allow for self-billed e-Invoices.
4. Includes a validation process within the MyInvois System, defining statuses for e-invoices as Submitted, Valid, or Invalid based on compliance with IRBM standards.
5. Sharing of e-Invoice information between IRBM and RMCD, clarifying compliance requirements across various tax laws and visual representation formats.

Click below for more information!

The Inland Revenue Board (HASiL) published a new Frequently Asked Questions (FAQs) on 28 June 2024.

The FAQ covers the following updates:
- More detailed answers provided
- Better segregation of questions into different categories
- Questions with a more practical approach
- Additional scenarios for better understanding

Please click the link below to have a look at them!

The Inland Revenue Board (HASiL) will temporarily close its Tax Service Counter in Johor Bahru’s branch for an office space upgrade.
The details are as follows:

Location: Menara HASiL Johor Bahru
Date: 30 June 2024 to 1 July 2024

A temporary counter will be available for general inquiries and tax document submission on Level G, while the Stamp Duty Service Counter will operate as usual.

Please click the link below for more information!

The Parliament of Malaysia has just published that the announcement date for Budget 2025 has been rescheduled from 11 October 2024 to 18 October 2024.

Please click the link below for more details!

HASiL has just announced that the MyInvois Production and Sandbox Environment will be going offline for maintenance.

The details are as follows:
Date: 28 June 2024 (Friday)
Time: 12:00 am to 2:00 am

Thank you for your patience and understanding!

HASiL provides the MyInvois Portal (testing environment) that allows Phase 1 Taxpayers to try the functions as follows:

• Profile Management
• Document Management

Company director may refer to the User Guide below for the step-by-step guidance.

Taxpayers for other phases are expected to have access to the MyInvois Portal (testing environment) from July 2024.

Please click the link below for more details!

Please be informed that MyTax, TAeF, and ezHasil Services will be unavailable due to scheduled system maintenance on 21 June 2024, Friday, from 8:00 PM to 11:59 PM.

Access to e-Filing forms will also be affected during this period.

Thank you for your patience and cooperation.

The Inland Revenue Board (IRB) has published industry-specific FAQs for the insurance and takaful sectors to address common issues businesses face in implementing e-invoicing.

Stay tuned for our upcoming Monthly Update Class for a more in-depth understanding!

There are several submission deadlines that employers should be aware of. Let's take a look at what will be due by the end of June 2024:-

✅6th month revision of tax estimates for companies with December year-end

✅9th month revision of tax estimates for companies with September year-end

✅11th month revision of tax estimates for companies with July year-end

✅Statutory filing of 2023 tax returns for companies with November year-end

✅Maintenance of transfer pricing documentation for companies with November year-end

✅Form B (Grace period is given until 15 July 2024)

✅Form P (Grace period is given until 15 July 2024)

✅Extended deadline for tax payment under the Voluntary Disclosure Programme (VDP)

✅Small value WHT (payments made to NR between 1 December 2023 to 31 May 2024)

✅Form BT, M, MT, TF and TP with businesses (Grace period is given until 15 July 2024)

Don’t miss the deadline!

The Inland Revenue Board (IRB) has released an updated public ruling on investment holding companies (IHC) - PR No. 2/2024, dated 28 May 2024, which replaces PR No. 10/2015, dated 16 December 2015. This ruling includes updates on:
 - Expenses and deductions related to single-tier dividends
 - Time limit for unabsorbed adjusted business losses carried forward
The ruling also provides examples for clearer explanations. Stay tuned for our upcoming Monthly Update Class for a more in-depth understanding!

Kindly be informed that the submission of e-Filing for all types of Income Tax Return Forms (BNCP) for the YA 2016 and previous YAs through the MyTax and TAeF portals will be closed starting from 15 June 2024. BNCP submissions shall be made manually using paper forms, which can be downloaded via the link below:

The IRBM will issue a confirmation receipt of the SVDP 2.0 application to the taxpayer who submit the application to participate in SVDP 2.0 during the implementation period (e.g. from 06 June 2023 until 31 May 2024) via the IRBM official portal / MyTax. 

SVDP 2.0 applications will be processed within a period of 14 working days / 30 working days (for transfer pricing issues) from the date of receipt of the completed applications that meet the SVDP 2.0 eligibility. The SVDP 2.0 eligibility status notification letter will be issued after the review has been completed.

Effective from 1 August 2022, withholding tax (WHT) payers may defer small value WHT payments to June or December if the following conditions are met: 

- The WHT payment is recurring (e.g. made more than once).
- The WHT applies to royalties and interest paid to non-residents.
- The WHT applies to special classess of income, including services and rental of movable property.
- The WHT amount does not exceed RM500 per transaction. 

The submission of WHT forms and remittance of payments may be made once every six months as follow: 
- WHT payments made to non-residents from 1 December to 31 May are due on 30 June. 
- WHT payments made to non-residents from 1 June to 30 November are due on 30 December. 

Download WHT Forms below: 

The deadline for tax payment under the Voluntary Disclosure Programme (VDP) for applications submitted to the RMCD on or before 31 May 2024 has been extended from 31 May 2024 to 30 June 2024.

Please click the link below for more details!

The Inland Revenue Board (LHDN) will be officially launching a free software for e-Invoice on 1st June 2024 to help both big and small businesses. More than 60 pilot companies and service providers are already in the production environment.

The government said that the launching of the free software enables businesses to have a better understanding of the e-Invoice system before the first phase of the project takes place.

Please click the link below for more details!

The statement pertains to whether Micro, Small, and Medium Enterprises (MSMEs) are required to issue e-invoices to companies with annual revenue or sales exceeding RM 100 million starting from 1 August 2024. HASiL clarifies that, as outlined in the 2024 Budget, the implementation of e-Invoicing for MSMEs will commence on 1 July 2025 rather than the earlier date mentioned.

The initial phase, effective 1 August 2024, only applies to larger companies and does not necessitate MSMEs to issue e-invoices for expenditure claims at this stage.

Consequently, MSMEs can maintain their current business practices without the need to issue e-Invoices from 1 August 2024.

The media release also explained the following matters:
1. Methods of implementing e-Invoicing for MSMEs
2. Available guidelines for e-Invoicing implementation
3. Explanation regarding penalties of up to RM20,000 for non-compliance with e-Invoicing implementation
4. Monitoring of data security and privacy by HASiL
5. Explanation regarding e-Invoicing and the Sales and Service Tax (SST)

Please click on the link below for more details!

There are several submission deadlines that employers should be aware of. Let's take a look at what will be due by the end of May 2024:-

✅6^th month revision of tax estimates for companies with November year-end

✅9^th month revision of tax estimates for companies with August year-end

✅11^th month revision of tax estimates for companies with June year-end

✅Statutory filing of 2023 tax returns for companies with October year-end

✅Maintenance of transfer pricing documentation for companies with October year-end

✅Form E & CP8D 

✅Form BE (Grace period is given until 15 May 2024)

✅Special Voluntary Disclosure Program 2.0 (deadline for participating in the SVDP 2.0)

Don’t miss the deadline!

The Royal Malaysian Customs Department (RMCD) has recently issued Service Tax Policy 6/2024, granting an exemption from paying and charging service tax on maintenance or repair services for maintenance, repair and overhaul (MRO) activities.

MRO activities refer to any maintenance, repair, and overhaul activities as defined by the Malaysian Investment Development Authority (MIDA) under the Malaysian Aerospace Industry Blueprint 2030 for the aerospace sector and the Shipbuilding and Ship Repairing (SBSR) incentives for the maritime sector.

This exemption will be effective from 1 March 2024 until 31 December 2027. Stay tuned for our upcoming Monthly Update Class for a more in-depth understanding!

There are several statutory deadlines that employers should be aware of. Let's take a look at what will be due by the end of April 2024:-

✅6^th month revision of tax estimates for companies with October year-end

✅9^th month revision of tax estimates for companies with July year-end

✅11^th month revision of tax estimates for companies with May year-end

✅Statutory filing of 2023 tax returns for companies with September year-end

✅Maintenance of transfer pricing documentation for companies with September year-end

Don’t miss the deadline!

The Inland Revenue Board (IRB) has announced an extension of the Form e-E submission deadline to 31 May 2024. Taxpayers are encouraged to make the most of this additional time to ensure accurate filing. Please click on the link below for more details.

📢  Attention F&B Operators! 📢  Exciting news! The Royal Malaysian Customs Department (RMCD) has just released an updated Guide on Food and Beverages. These updates are crucial for F&B operators to ensure compliance. Click the link below to access and download your copy now! 📚🔍

We are excited to announce the latest updates from LHDN regarding e-Invoice Guidelines and Software Development Kit (SDK).

What's new:
1. e-Invoice Guideline Version 2.3 (published on 6 April 2024)
2. e-Invoice Specific Guideline Version 2.1 (published on 6 April 2024)
3. Software Development Kit (SDK) Version 1.0 (released on 6 April 2024)

Please click the link below to access and download!

In line with the government's commitment to providing the best and continuity services for customers, HASiL hereby announces that services during the celebration week of Hari Raya Aidilfitri 2024 will be available as stated in the announcement.

Please click the link below to download a copy of the announcement. (available only in Malay language).

The Royal Malaysian Customs Department (RMCD) has issued Service Tax Policy 4/2024 regarding the expansion of the scope of the business-to-business exemption for logistic services. Changes include:

• Amendments to Group J: Logistics Services in First Schedule, Service Tax Regulations 2018, whereby Item 1(a) in relation to logistics services, and Item 1(b) pertaining to delivery or distribution or transporting services have been merged into a single item.


• All services under Group J: Logistics Services provided in or between Special Area/Designated Area, between Special Area and Designated Area, or vice versa are exempted from service tax, except for Customs Agent services.


• Service tax exemptions are granted for:
  
  
  
  1. Door-to-door delivery services;
  
  
  2. Logistic services related to transit activities, i.e. goods arriving in Malaysia and then to another place outside Malaysia through land/ sea/ air transport mode; and
  
  
  3. Ocean freight within Malaysia, i.e. delivery of goods between Peninsular Malaysia and Sabah/ Sarawak/ Labuan, delivery of goods within Sabah/ Sarawak/ Labuan.
  
  
  
  

Please click the link below to download a copy of the Service Tax Policy (available only in Malay language).

The Royal Malaysian Customs Department (RMCD) has recently released a service tax policy, Service Tax Policy 3/2024 (Amendment No. 1), aiming to provide clarification on the service tax rates for the following services:

• The provision or sales of cigarettes, tobacco products, smoking pipes (including pipe bowls), electronic cigarettes, and similar personal vaporizing devices, preparations of a kind used for smoking through electronic cigarettes and electronic vaporizing devices, in the form of liquid or gel, whether containing nicotine or not ➞ 8%


• Alcoholic beverages (including temperance drinks) ➞ 8%


• Non-alcoholic beverages (in ready-to-drink form, bottles/packs/cans/boxes or equivalent) ➞ 6%


• Alcoholic beverages provided in meal packages (such as buffet/banquet) ➞ 6%


• Corkage fees ➞ 8%


• Preparation or sale of snacks, fruits or equivalent ➞ not subject to service tax


• Service charge ➞ not subject to service tax

Please note that the abovementioned Service Tax Policy will take effect from 1 March 2024.  Any service tax collected from customers for the mentioned services must be remitted to the RMCD, and no refund of service tax is permitted.

Please click the link below to download a copy of the Service Tax Policy (available only in Malay language).

There are several statutory deadlines that employers should be aware of. Let's take a look at what will be due by the end of March 2024:-

✅6^th month revision of tax estimates for companies with September year-end

✅9^th month revision of tax estimates for companies with June year-end

✅11^th month revision of tax estimates for companies with April year-end

✅Statutory filing of 2023 tax returns for companies with August year-end

✅Maintenance of transfer pricing documentation for companies with August year-end

✅Form E & CP8D

Don’t miss the deadline!

The implementation of the High-Value Goods Tax (HVGT) has been delayed due to the Finance Ministry's postponement in presenting the bill to Parliament.

The government announced yesterday its decision to postpone the implementation of the HVGT, citing disagreements on the definition of "high-value goods" as well as the price range of items subject to the tax as the reasons for the delay.

Therefore, HVGT will no longer be implemented on 1 May 2024, as originally proposed during the Budget 2024 and the new implementation date has yet to be announced. Please click on the link below for more details.

The Minister of Finance (MOF) has issued a media release stating that the scope of service tax exemption for the logistics sector will be expanded to include:

• logistics services for directly exported goods;


• logistic services of transshipment activities;


• logistics services of transit activities;


• door-to-door logistics services; and


• food and beverage delivery services through e-commerce.

Note: The date of coming into force of the above service tax exemptions is expected to be gazetted via subsidiary legislation.

Furthermore, newly registered logistics service providers are given a 1-month preparation period and are only required to charge service tax from 1 April 2024.

You may read the above media release in full by clicking on the link below.

Please be informed that the IRB’s e-CP8D system has been successfully restored. You can now access the system and proceed with your submission (Form E) without any hassle!

Please be informed that the operating hours of the Inland Revenue Board (IRB) service counters during the month of Ramadan, from 12 March 2024 to 9 April 2024, are as follows:-

👉 HASiL Service Counter (except Kedah, Kelantan, Terengganu and Johor)

✅ State Consultation Service Counter (Taxation and Stamp Duty) / Satelite Office (General Taxation Advise and Stamp Duty)

• 8.00 am to 4.00 pm (Monday to Friday)

👉 HASiL Service Counter (Kedah, Kelantan, Terengganu and Johor)

✅ State Consultation Service Counter (Taxation and Stamp Duty)

• 8.00 am to 4.00 pm (Sunday to Wednesday)


• 8.00 am to 3.00 pm (Thursday)

👉 HASiL Contact Centre (HCC)

• 9.00 am to 4.00 pm (Monday to Friday)

👉 HASiL Revenue Management Centre (PPTH)

✅ Kuala Lumpur

• 8.00 am to 3.00 pm (Monday to Friday) (for cash and debit / credit cards)


• 8.00 am to 3.30 pm (Monday to Friday) (other than cash and debit / credit cards)

✅ Kuching

• 8.00 am to 3.00 pm (Monday to Friday) (cash only)

👉 Urban Transformation Centres (UTC) nationwide

• 8.00 am to 4.30 pm (Monday to Sunday)


• 8.00 am to 1.00 pm (for 9 April 2024)

Please click on the link below for more details.

Kindly note that the Inland Revenue Board of Malaysia (IRB) is currently resolving bugs within their e-CP8D system for submission of Form E due on 31st March 2024. As a result, their service is temporarily unavailable. We will keep you updated on the status and notify you once the system is restored.

The Inland Revenue Board (IRB) has published a new technical guideline for the implementation of Capital Gains Tax (CGT) on the disposal of unlisted shares, dated 1 March 2024. This guideline is set out to provide clarification regarding CGT on the disposal of –

1. Unlisted shares of companies incorporated in Malaysia; or


2. Shares in foreign companies that own real property in Malaysia or shares of another controlled company, or both.

It provides a detailed explanation of what types of investments are subject to CGT, including the tax rates, filing requirements, etc. Stay tuned for our upcoming Monthly Update Class for a more in-depth understanding!

Taxpayers can now access the following tax return forms through the LHDN e-filing system 👇

Resident Individual

1. e-BE: Without business source of income


2. e-B: With business source of income


3. e-BT: Specialised knowledge workers / Non-Citizen Workers Holding Key Position / Expert Workers

Non-Resident Individual

1. e-M: Non-Resident Individual


2. e-MT: Knowledge Worker

Kindly note that the statutory deadlines for Resident Individuals (Knowledge Workers / Expert Workers / Non-Citizen Workers Holding Key Positions) and Non-resident Individuals (Including Knowledge Workers) are as follows:- 

• 30 April 2024: Without business income


• 30 June 2024: With business income

For additional information, visit the LHDN's official website now!

Taxpayers may file their income tax return forms for 2023 through e-filing for forms E, BE, B, M, BT, MT, P, TF and TP starting from 1 March 2024. The e-filing system can be accessed via the LHDN's official website at www.hasil.gov.my - MyTax - ezHasil Services - e-Filing.

Please click on the link below for more details!

The Royal Malaysian Customs Department (RMCD) has published the following new service tax policies on 28 February 2024, which serve as a guide to the latest service tax changes:

STP 1/2024: Determination of the date of charging service tax on new taxable services

STP 2/2024: Service Tax Exemption for traditional and complementary medicine (TCM)

STP 3/2024: Determination of service tax rate for the provision of various taxable services

The new policies will take effect on 1 March 2024. Stay informed by checking out the links below!

The Royal Malaysia Customs Department (RMCD) has published the following new guides (currently only made available in Bahasa Malaysia):

Guide on Telecommunication Services;

Guide on Transmission and Distribution of Electricity Services; and

General Guide on Service Tax.

Please click on the link below for more details!

The law regarding the service tax, increasing from 6% to 8%, has been gazetted on 26 February 2024. Effective from 1 March 2024, the service tax rate will be increased from 6% to 8% on all taxable services, excluding food and beverages services, telecommunication services, provision of parking place services or logistic services. For more details, stay tuned for our upcoming Monthly Update Class for a more in-depth understanding!

The Royal Malaysian Customs Department (RMCD) released a new regulation to introduce a series of amendments to the existing Service Tax Regulations 2018. Effective from 26 February 2024, the range of services subject to service tax is expanded to include karaoke centre services (Group C), maintenance or repair services (Group G), brokerage and underwriting services (Group I), and logistics services (Group J). For more details, stay tuned for our upcoming Monthly Update Class for a more in-depth understanding!

There are several statutory deadlines that employers should be aware of. Let's take a look at what will be due by the end of February 2024:-

• 6^th month revision of tax estimates for companies with August year-end;


• 9^th month revision of tax estimates for companies with May year-end;


• Statutory filing of 2023 tax returns for companies with July year-end;


• Maintenance of transfer pricing documentation for companies with July year-end;


• EA Forms (deadline for employers to prepare EA forms for their employees).

Don’t miss the deadline!

According to the Ministry of Finance (MOF), traditional and complementary medicine (TCM) practitioners who are registered under the T&CM Act 2016 [Act 775] will be exempted from the service tax. For more details, stay tuned for our upcoming Monthly Update Class for a more in-depth understanding!

The Royal Malaysia Customs Department (RMCD) has issued the following new service tax guides:

【Draft】Guide on Logistics Service (Malay Version)

【Draft】Guide on Change of Service Tax Rate (Malay Version)

Please click on the link below for more details!

The IRB has released a sample e-CKM form, an explanatory note, and a guide note on Capital Gains Tax (CGT) on their official website. Please refer to the links below for more details.

There are several tax-related deadlines that employers should be aware of. Let's take a look at what will be due on 31 January 2024:-

• 6^th month revision of tax estimates for companies with July year-end;


• 9^th month revision of tax estimates for companies with April year-end;


• Statutory filing of 2023 tax returns for companies with June year-end;


• Maintenance of transfer pricing documentation for companies with June year-end.

Don’t miss the deadline!

The latest version of Form E & EA is now available for download! Please be aware that the deadline for submission of Form EA is 29 February 2024. Click on the link below to download the relevant forms!

As an employer, it is essential to stay informed about the various tax filing deadlines that are approaching. Here are the key dates that employers should mark on their calendars!   

Form EA submission deadline: 29.02.2024

An EA form is a yearly remuneration statement that includes the employee's salary for the year. Employers are required to prepare and provide Form EA to employees no later than the end of February every year. The deadline for 2023 is 29 February 2024.

Form E submission deadline: 31.03.2024 (30.04.2024 for e-filing)

Form E is a declaration report to inform the IRB of the number of employees and the list of employee's income details. Employers are required to submit Form E to the IRB no later than 31 March every year. The deadline for submission of Form E for 2023 is 31 March 2024 while a grace period is given until 30 April 2024 for the e-Filing of Form E.

As an employer, make sure you submit Form E & EA on time! Failure to do so may result in substantial fines!

The Inland Revenue Board of Malaysia (IRBM) has issued a media release stating that the Return Form (RF) Filing Programme for 2024 is now accessible on the Hasil Portal. Taxpayers can use the 2024 Filing Programme as a reference and submission guide to file their tax returns as it consists of various tax filing deadlines and grace periods for several different types of tax return forms. For more details, stay tuned for our February Monthly Update Class for a more in-depth understanding!

The Inland Revenue Board of Malaysia (IRBM) has issued Public Ruling No.9/2023 - The Deceased Part I - Introduction, which explains the administration of the estate and the liabilities of The Deceased. Stay tuned for our February Monthly Update Class for a more in-depth understanding!

The Inland Revenue Board of Malaysia (IRBM) has published Public Ruling (PR) No.8/2023, which provides clarification on the tax treatment for a company that establishes a Special Purpose Vehicle (SPV) for the issuance of sukuk. Stay tuned for our upcoming Monthly Update Class for a more in-depth understanding!

The Inland Revenue Board of Malaysia (IRBM) issued Practice Note No. 3/2023, which clarifies the tax treatment of copyright and software payments made by distributors and resellers to non-residents. Stay tuned for our upcoming Monthly Update Class for a more in-depth understanding!

The Inland Revenue Board of Malaysia (IRBM) has issued Public Ruling No. 7/2023, which provides an explanation and interpretation in relation to the taxation of upstream petroleum in Malaysia from the perspective of the Petroleum (Income Tax) Act 1967 [PITA] and the scope of taxation thereunder.

Stay tuned for our upcoming Monthly Update Class for a more in-depth understanding!