The guideline explains the conditions, as well as the required information and documents to obtain approval for the transfer of assets between companies in the same group to be treated as ‘No Gain No Loss’ transaction under the following circumstances :-
1. an asset is transferred to bring about greater efficiency in operation for a consideration consisting of shares in the company or substantially of shares in the company and the balance of a money payment
2. an asset is transferred for any consideration in any scheme of reorganisation, reconstruction or amalgamation; or
3. an asset is distributed by a liquidator of a company and the liquidation of the company was made under a scheme of reorganisation, reconstruction or amalgamation

Note: The above guideline replaces the previous guideline dated 8 January 2015.

Please click the link below for more information!

With effect from 1 January 2025, the Human Resource Development Corporation (HRD Corp) will be implementing e-Invoicing.

Examples of information required from all stakeholders are as follows:
- Tax Identification Number
- Sales and Service (SST) Registration Number
- Malaysia Standard Industrial Classification (MSIC) Code
- IRBM Classification code
- … and other details

The implementation will impact all employers, trainers, training providers, and individuals.

Note: HRD Corp will communicate with all stakeholders on the information required through email and via their official website.

Starting from 1 January 2025, all the following transactions must be conducted online using e-107D:
- Submit Form CP107D
- Upload CP107D(2) attachment
- Generate bill number for Section 107D payment
- Payment using ByrHASiL

Submission must be made by the company director or representative.

MyTax > Log in > Select the role of director / representative > ezHasil Services > e-107D

税务是企业里的大事! 你不重视它， 你赚回来的钱就 bye bye 了 😐
没有额外收费的一对一咨询，你还在等什么？

Watch it here/ 点击观看 👉 https://fb.watch/vIdJ2FZcad/

Join us for the YYC Tax Summit 2024 on November 13th (English) or 14th (Chinese) and learn how to save on taxes!
11月13日 (英文) 或 14日 (中文), 来参加 YYC税务高峰会2024，教你如何省税！

[YYC TAX SUMMIT 2024] : https://bit.ly/40svowO
[YYC 税务高峰会 2024] : https://bit.ly/3YICBqr

Taxpayers are able to fully claim capital allowance (CA) within 3 years with rates below when they incur expenses on Software Development cost / Information and Communication Technology (ICT) equipment.
- Initial allowance (IA): 40%
- Annual allowance (AA): 20%

Eligible for CA:
- Development cost for customised computer software
- Any ICT specified in the Schedule:
    - Access control system
    - Bar code equipment
    - Computer and component
    - Storage
    - ...and more! (Refer to the order for the full list)

Please click the link for more information!

🤯 Regulatory Complexity - Understanding and adhering to the regulations set by the IRB can be a daunting task.
🤯 Technological Challenges – Integrating e-invoicing systems with existing ERP and accounting systems can be complex and time-consuming.
🤯 Resistance to Change – The e-invoicing implementation can meet resistance from employees who may be hesitant to adopt new ways of working.

Join Us at YYC Tax Summit 2024 as there will be a sharing session about this!

💥Exclusively for taxPOD subscribers only 💥
Click here to join this fruitful session at the lowest price of RM 498! (OP: RM 998)
👉 https://bit.ly/40svowO

With Malaysia’s recent Budget 2025 announcement, a 2% tax on dividend income exceeding RM100,000 is set to take effect in the coming year. This change has raised questions about how it might impact investors, high-income earners, and the broader economy. But understanding its full implications requires in-depth knowledge of tax strategy and expert insights on policy shifts.

Potential Implications of 2% Dividend Tax
🟢 Double Taxation Concerns – For individual shareholders, dividend income from already-taxed corporate profits may feel like double taxation, potentially discouraging large dividend payouts.
🟢 Reduced after-tax returns for high-income earners - Investors who receive significant dividend income will see a reduction in their after-tax returns.
🟢 Potential impact on investment decisions – The new tax may influence investment decisions, as investors may consider alternative investment options with lower tax implications.

Join Us at YYC Tax Summit 2024 as the CEO of YYC and Finance Expert, Datin Shin will tell you more about the who will be affected by the new tax and potential changes to dividend income planning and more!

💥Exclusively for taxPOD subscribers only 💥
Click here to join this fruitful session at the lowest price of RM 498! (OP: RM 998)
👉 https://bit.ly/40svowO

⚠️⚠️2025年股息税来了！公司还有大量 retained earnings 和 cash? 想发股息又怕多交税？

点击以下链接了解更多详情吧❗️🤩

点击观看 👉 https://fb.watch/vAp8tD17V1/

快来参加我们的《YYC税务高峰会 2024》！手把手教你如何应对新税制，还有免费赠送的实用工具！✅

[YYC TAX SUMMIT 2024] : https://bit.ly/40svowO
[YYC 税务高峰会 2024] : https://bit.ly/3YICBqr

老板们，注意啦！ 明年开始，个人股息收入超过10万就要缴纳 2%的股息税。想了解如何应对？
点击以下链接了解更多详情吧❗️🤩

点击观看 👉 https://fb.watch/vAp4_FC6Kh/

11月13日 (英文) 或 14日 (中文), 来参加 YYC税务高峰会2024，教你如何省税！

[YYC TAX SUMMIT 2024] : https://bit.ly/40svowO
[YYC 税务高峰会 2024] : https://bit.ly/3YICBqr

To broaden the tax base for individuals, Budget 2025 proposes the introduction of a 2% Dividend Tax, effective from YA 2025, as outlined below:
- Scope of taxation: This applies to dividend income received by individual shareholders, including residents, non-residents, and individuals who hold shares through nominees.
- Threshold: The tax applies to annual dividend income exceeding RM100,000.

However, certain exemptions will apply, including dividend income from abroad and distributions received from the EPF or unit trusts.

Join our Tax Summit to gain insights into the 2% Dividend Tax! We look forward to seeing you there!

Registration Link: 

Tax Summit (EN) – https://bit.ly/40svowO
Tax Summit (CN) – https://bit.ly/3YICBqr

Employers will have an additional 100% tax deduction when they hire an employee, who is a citizen and resident in Malaysia, amongst the following:
1. Senior citizen who is 60 years old and above;
2. An ex-convict who had served his sentence of imprisonment (with written confirmation);
3. A parolee (with written confirmation);
4. A supervised person who is a prisoner directed to work at such labour (with written confirmation); or
5. An ex-drug dependant (with written confirmation).

Subject to the following conditions:
1. The employee is employed on a full-time basis;
2. The remuneration of the employee does not exceed RM4,000;
3. The employer and employee are not the same person; and
4. The employer is not a relative of the employee.

The additional deduction shall have effect from the year of assessment 2019 until the year of assessment 2025. 

Please click the link below for more information!

Taxpayers can now use the MyInvois Application on smartphones by downloading from the operating system platforms with the minimum requirements as below:
- iOS users: iOS version 16.0 version and above
- Android users: Android version 13 (API 33) and above
- Huawei users: EMUI version 8.0 and above

To access and manage e-Invoices through the MyInvois App, users must login to MyInvois Portal to complete the first time login process first.

The MyInvois App offers key features similar to the MyInvois Portal, including:
- Profile Management for Users, Taxpayers (Companies/ Organizations), Representatives, ERP Systems, and Intermediaries; and
- Document Management including Submission, Review, Rejection, Cancellation, and Document Printing.

Please click the link below for more information!

💻 Accelerated Capital Allowance for ICT Equipment
🧔‍♀️ Additional 50% tax deduction for hiring women returning to the work
⏰ Additional 50% tax deduction for flexible work arrangements

Click the link below for more details!

💡Tax on your dividend income❓
💡Increment in medical and education insurance tax relief❓❗️
💡Loan interest relief for first-time homebuyers❓❗️

Watch the video to know more! 🤩

The MyInvois Portal has been enhanced as follows:

Enhanced Document Search Capabilities
- Search for recently submitted or received documents
- Search for documents using specific key values based on user’s interest

e-Invoice Visual Representation Templates Management
- Customize visual representation templates for printed documents such as logo position, specific headers and footers as well as Supplier and Buyer details to be presented

Document Notification
- Additional type of document notifications including document received, validated, rejected and cancelled, etc.

Drafting and Copying Documents Functionality
- Save document data as draft on a regular basis to ensure entered data is not lost
- Draft documents are incomplete documents to be completed later
- Function to copy previous document to draft new document

💻 资讯与通讯科技器材（资本津贴）
🧔‍♀️ 重返职场的女性们 - 额外50%的税务扣除
⏰ 弹性工作安排 - 额外50%的税务扣除

点击以下链接了解更多详情吧❗️🤩

💡收到股息收入需要缴税吗❓
💡医疗和教育保险的税收减免会增加吗❓❗️
💡首购族买房可以享受贷款利息减免吗❓❗️

点击以下链接了解更多详情吧❗️🤩

The Government is pleased to announce a competitive package of incentives to make Forest City a magnet for international capital:
1. Corporate Tax Rate: Between 0% to 5%
2. Individual Tax Rate: 15% income tax rate for knowledge workers and Malaysians who choose to work here 
3. Family Office: 0% tax rate 
4. Special Tax Rate of 5%: Hub for Financial Global Business Services / Fintech / Foreign Payment System Operators
5. Banking Institution / Insurance / Capital Market Intermediaries / Financial Sector: Special deduction, enhanced allowance, exemption 

Click 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 October 2024:-

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

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

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

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

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

Don’t miss the deadline!

Kindly be informed that the MyInvois Portal is under maintenance for the period below:

Prepod Environment
Date: 10 October 2024 (Thursday)
Time: 8:00pm to 12:00 am

Production Environment
Date: 12 October 2024 (Saturday)
Time: 12:00am to 3:00am

Thank you for your patience and cooperation!

The Inland Revenue Board (HASiL) has published Operational Guideline 4/2024 that provides explanation and information on the Tax Compliance Certificate (TCC).

The guideline explains:
1. What is a TCC?
2. Why is TCC needed?
3. How to check whether you have a TCC?
4. Qualifications to get a TCC
5. Validity of a TCC

In short, if a business or an individual applying for government jobs or contracts, make sure the TCC is obtained to be eligible.

Please click on the link below for more information!

The following updates are based on:
- E-Invoice General Guideline (updated on 4 October 2024)
- E-Invoice Specific Guideline (updated on 4 October 2024)
- E-Invoice General Frequently Asked Questions (updated on 4 October 2024)

The updates involved are as follows:
1. Exemptions from implementing e-Invoice.
2. The buyer details for the exempted persons.
3. Applicability of e-Invoice implementation in Malaysia
4. Import or export of goods or services
5. Detailed explanation on e-Invoice treatment for MSME.
6. E-Invoice treatment during interim relaxation period.

Please click the link below for more information!

The implementation date for e-Invoice has been gazetted on 30 September 2024.

Any person who carries out a transaction in respect of any goods sold or service performed shall issue an electronic invoice in relation to their annual sales.

The Federal Gazette also includes the following:
- The determination of annual sales
- The calculation where there is a change of accounting period
- The particulars in e-Invoice
- The non-application of e-Invoice

Please stay tuned for our monthly tax update class for more details!

The Inland Revenue Board of Malaysia (HASiL) has published a frequently asked questions (FAQs) on the new e-PCB Plus on MyTax!

The FAQs included the following:
- What’s the differences between the existing PCB system (e-PCB/ e-CP39/ e-Data PCB) compared to e-PCB Plus?; 
- Will e-PCB Plus have all the information from the existing PCB system?;
- What are the preparations required for director / employer before using e-PCB Plus?;
- How to select the employer’s representative in e-PCB Plus?;
- How to access the e-PCB Plus system?;
- What information is required in the e-PCB Plus system?; and etc.

Users are required to log in to their MyTax account to access the FAQ.

Please click the link below to log in!

Kindly be informed that the MyInvois Portal is under maintenance for the period below:

Prepod Environment
Date: 27 September 2024 (Friday)
Time: 8:00pm to 12:00 am

Production Environment
Date: 28 September 2024 (Saturday)
Time: 12:00am to 3:00am

Thank you for your patience and cooperation!

The Royal Malaysian Customs Department (RMCD) has issued the following:
- Public Ruling No. 02/2024 (Amendment) (No.2) 2024 - Manufacturing Aids and Cleanroom Equipment

The manufacturing aids listed in Appendix 1 of Public Ruling No. 02/2024 have increased from 242 items to 246 items as follows:-
243. Blister Pack
244. Forming Fabrics
245.Press Felts
246. Dryer Fabrics

This PR is effective from 20 September 2024. 

Please click the link below for more information!

e-PCB Plus will replace the existing PCB system (e-PCB/e-CP39/e-Data PCB) using a single platform through the MyTax portal. e-PCB Plus Phase 1 will be available on 24 September 2024.

Phase 1:
- Registration of the role of Employer / Employer Representative / PCB Administrator in MyTax
- Registration of the role of Administrator Representative in e-PCB Plus
- Update of employer/employee details in e-PCB Plus

Users need to log in to the MyTax portal using their individual ID & Password and select the related role to access e-PCB Plus. Please refer to the User Manual for more information.

Note: The existing PCB system will continue to function as usual until the announcement of its closure.

As we enter Q4 of 2024, it is important to take note of any available tax relief. One such option is contributing to the PRS. However, have you ever wondered if the withdrawal of contributions from the PRS is taxable?

Contributions to a PRS fund will be split and maintained in sub-accounts A (can be withdrawn only upon reaching the retirement age of 55 years old) and B (can be withdrawn only once a year). 

Contributions in sub-account A and/or sub-account B can be withdrawn at any time for the following reasons:
- Permanent total disablement (A & B)
- Serious disease (A & B)
- Mental disability (A & B)
- Death (A & B)
- Permanently leaving Malaysia (A & B)
- Healthcare (B only)
- Housing (B only)

Except for the reasons stated above, withholding tax (final tax) at the rate of 8% will be imposed for withdrawal before reaching the age of 55.

Please click the link below for more information!

Eligibility
- Goods and Services Tax / Tourism Tax / Sales Tax / Service Tax / Departure Levy
- Bill of Demand (BOD) for taxable periods ended on or before 31 December 2023.
- Payments must be made between 26 August 2024 and 31 December 2024.

Arrears Category and Rate of Incentive

Please click the link below for more information!

The Inland Revenue Board of Malaysia (HASiL) has published a guide on how to fill out a written notice of appeal (Form Q) for taxpayers who are aggrieved by an assessment raised by HASiL based on the Form JA they received.

Please click here for the full guide!

Effective from 1 September 2024, the e-SPC function has been enhanced to ensure the confidentiality of taxpayer and employer information.

- Employee’s Identification Number and Tax Identification Number (TIN) must be filled out for each e-SPC application for data verification purposes.

- Employees can print the TIN Notification Letter via MyTax > Profile > Information Display > Print

- e-SPC can be submitted using the following roles:

The Inland Revenue Board of Malaysia (HASiL) has released the guideline for approval by the Director General of Inland Revenue (DGIR) under Subsection 44(6) of the Income Tax Act 1967 for Institutions / Organizations / Funds (IOT).

The guideline covers:
- Part A: Application for Approval
- Part B: Responsibility During Approval Period
- Part C: Time Limit for Approval and Extension of Approval Period
- Part D: Tax Treatment

Starting from the Year of Assessment 2024, if an IOT violates any of the conditions and restrictions set, the IOT will be taxed for the year of assessment in which the violation occurs, even if the approval period is still in effect.

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 September 2024:-

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

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

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

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

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

Don’t miss the deadline!

The HASiL has published an e-Invoice illustrative guide which covers the following:

1. Transaction with buyers
2. Statements or bills on a periodic basis
3. Disbursement or reimbursement
4. Expenses incurred by employee on behalf of employer
5. Self-billed e-Invoice
6. Transactions which involve payments (whether in monetary form or otherwise) to agents, dealers and distributors.
7. Cross border transactions
8. E-Commerce transactions

However, taxpayers are also advised to refer to the e-Invoice Guideline and Specific Guideline together with the illustrative guide to have a clearer understanding.

Please click the link below to find out more!

The PCB Administrator is a role that can be appointed either by the Employer/Employer's Representative in MyTax to manage matters related to Monthly Tax Deductions (PCB) in the e-PCB Plus system.

Please refer to the User Manual for Registration of Employer/ Employer's Representative/ PCB Administrator/ Deputy PCB Administrator roles in MyTax.

Click the link below for more information!

The Royal Malaysian Customs Department has published the following policy and guidelines:
- Service Tax Policy 7/2024: Service tax on issuance of virtual credit cards.
- Guideline on the provision of insurance policy and takaful certificate.
- Guideline on credit card and charge card.

Please click the link below to find out more!

Starting from 15 August 2024, taxpayers who own sole proprietorships can apply for the role of Business Owner.

- Business owner role is available for e-Invoice purposes.
- Only businesses with a Business Registration Number (BRN) in HASiL’s data are allowed to be accessed by taxpayers.
- Employer role will be automatically assigned if the sole proprietorship has an Employer Tax Identification Number (TIN) based on HASiL’s data. Therefore, the applications for employer roles will be closed from that date.

The HASiL has issued a response regarding the matter above, as follows:

1. Consolidated Self-Billed e-Invoice During the 6-Month Relaxation Period
   
   
   
   • These invoices must be prepared on a monthly basis and submitted within 7 calendar days after the month-end.
     Example:
     Transaction with an individual not conducting business: 1 - 30 August 2024
     Consolidated Self-Billed e-Invoice submission date: by 7 September 2024
   
   
   
   


2. Consolidated Self-Billed e-Invoice for the Importation of Goods and Services
   
   
   
   • Submission is required within 7 days after the following month, based on:
     a) Importation of Goods: The month when customs clearance is obtained.
     b) Importation of Services: The month when payment is made or the invoice is received, whichever is earlier.
     
     Example:
     Customs clearance for goods: August 2024
     Invoice and payment received for services: August 2024
     Individual self-billed submission date: by 30 September 2024
     Consolidated self-billed submission date: by 7 October 2024
   
   
   
   

The Customs had updated the service tax on logistic services as below:
- ⁠Additional clarity on the taxability of logistic services provided between and within Designated Area and Special Area, and vice versa.
- Delivery service providers are allowed to use third party services when providing delivery services for door to door exemptions
- Exemptions are given to logistics services related to transit activities, where goods arrive in Malaysia from outside Malaysia without being broken in bulk and then to another destination outside Malaysia via land, sea, or air transportation.

The amendments are deemed to be effective from 1 March 2024.

Please click the link below for more information!

The Inland Revenue Board (HASiL) has just published the National Tax Conference 2024 registration details on Budget 2025.

The details are as follows:

Early bird due date: 16 September 2024

Topics to be discussed:
1. Budget 2025
2. E-Invoice implementation
3. Digital currency transactions

Participants can register using the link provided below.

Please click the link below for more information!

Businesses with a financial year end of December 2023 are given a grace period of one month to submit their Tax Return Form via e-filing!

Types of Forms:
- Form C – Companies
- Form PT – Limited Liability Partnerships (LLP)
- Form TC – Unit Trusts / Property Trusts
- Form C1 – Co-operative Societies
- Form TA – Trust Bodies
- Form TR – Real Estate Investment Trusts / Property Trust Funds

Due Date for Submission: 30^th August 2024

Due to the building upgrade of Menara HASiL Johor Bahru, the Tax Service Counter will be limited during this period until 31 August 2024.

Taxpayers are encouraged to do the following:

• Use e-Appointment system via the HASiL portal


• Access e-Services through the MyTax Portal


• Visit the nearest HASiL office below:
  - UTC Galleria Johor Bahru
  - UTC Pasir Gudang
  - Pejabat Satelit Pontian
  - Pejabat Satelit Kota Tinggi

The Ministry of Finance (MoF) is extending the diesel subsidy refund mechanism for eligible logistics vehicle owners who haven’t received their fleet cards yet.

The details of the extension are:
- Applies to those with approved applications under the Subsidised Diesel Control System (SKDS) 2.0 as of 30 June 2024.
- Claim for usage from 10 June 2024 to 30 August 2024.
- Application can be submitted now until 15 September 2024.

The extension aims to give logistics companies adequate time to obtain their fleet cards.

Click the link 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 August 2024:-

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

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

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

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

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

Don’t miss the deadline!

Obtaining the buyers’ personal information for the issuance of e-Invoice are compulsory, but it can also be dangerous.

The Inland Revenue Board (HASiL) has announced that they will not disclose taxpayer information, nor does it authorise any third parties to distribute taxpayer information to others.

Stay Vigilant!

Are you struggling to use MyInvois Portal? The Inland Revenue Board (IRB) has published user guide videos on their website!

Click the link below to access!

Employers are provided with the following functions starting from 27 July 2024:

- Amendment of information on the submitted tax clearance letter application.
- Submission of additional remuneration after receiving tax clearance letter.

The following updates are based on:
- E-Invoice General Guideline (dated 30 July 2024)
- E-Invoice Specific Guideline (dated 30 July 2024)

The updates involved are as follows:

1. Due date for issuance of consolidated self-billed e-Invoice: Within 7 calendar days after month end. (same as consolidated e-Invoice)
2. Exemptions from e-Invoice: Taxpayers with an annual turnover or revenue of less than RM150,000.
3. E-Invoice treatment during interim relaxation period: Taxpayers will have 6 months relaxation period from the time of implementation of e-Invoice.

Please click the link below for more information!

Follow the steps below to start uploading:

1. Click on “New Document”
2. Click on “Draft”
3. Click on “Batch Upload” (excel template below)
4. Click on “Choose File” and select the updated file from your computer.
5. Click on “Start Processing”

Note: The maximum number of documents in the Excel file should not exceed 100 documents per file and total size should not exceed 25 MB.

Please click the link below to get the Excel template!

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!