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!