Withholding tax means an amount, representing the tax portion of an income of a non-resident recipient, withheld by the payer in Malaysia, and paid directly to the Inland Revenue Board of Malaysia (“IRB”). Read more →

The Inland Revenue Board (IRB) has issued Public Ruling No. 4/2011: Income from Letting of Real Property. This PR, which supersedes PR No. 1/2004 issued on 30 June 2004, provides clarification on: Read more →

With effect from 1 January 2014, for companies and individuals who are Malaysian citizens and permanent residents, a Real Property Gains Tax (“RPGT”) rate of 30% will be imposed for a holding period of real property of up to 3 years, 20% for a holding period exceeding 3 years and up to 4 years and 15% for a holding period exceeding 4 years and up to 5 years. RPGT of 5% will be imposed for a holding period exceeding 5 years for companies while individuals who are Malaysian citizens or permanent residents will NOT suffer RPGT if the holding period exceeds 5 years.  Read more →

The Inland Revenue Board (IRB) has replaced the Public Ruling (PR) No. 3/2011: Read more →

This Ruling explains: Read more →

The above Recommended Audit Fees in Malaysia can be viewed as follows: Read more →

This Ruling provides clarification on: Read more →

This Ruling explains: Read more →

This Ruling explains: Read more →

This Ruling provides clarification on the treatment of pre-operational or precommencement of business expenses Read more →