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Recap of Relief Reviewed / New Tax Reliefs for Individuals for the Year of Assessment 2017

This Budget analysis provides details on various tax measures that were announced in the 2018 Budget speech.

Further to the Finance Act 2017 being gazetted on 16 January 2017, The Inland Revenue Board of Malaysia has issued two Practice Notes to clarify issues pertaining to the amended Section 15A of the Income Tax Act 1967 specifically relating to issues on effective date and on existing Double Taxation Avoidance Agreement.

The Inland Revenue Board of Malaysia has issued a Media Release to provide clarification regarding the imposition of penalty at a rate of 100% which will be implemented with effect from 1 January 2018. Under the Income Tax Act, 1967, the Director General of Inland Revenue is given the power to impose a penalty for the offence of default in declaring income or in declaring correct income which is subject to tax.

Recap of the New Tax Reliefs / Increases in Tax Relief for Individuals for the Year of Assessment 2016.

With the Finance Act, 2017 being gazetted on 16 January 2017, there are some of the salient amendments in the Income Tax Act, 1967 (“the Act”) that would likely impact many businesses.

This Budget analysis provides details on various tax measures that were announced in the 2017 Budget speech.

This newsletter provides information on the latest tax updates.

This newsletter provides information on the latest tax updates.

Indirect taxation is becoming ever more complicated, varied between jurisdictions and prone to government tinkering. With some of the biggest tax reforms occurring within indirect tax, getting on top of the complexity and change is vital.

Grant Thornton can provide guidance and assistance to identify the GST risks and subsequently your business can prepare remedial measures to mitigate the GST risks.

Tax Risk Management

This newsletter provides information on the latest tax updates. Guidelines on the Offer in Reduction of Penalty for Voluntary Disclosure and Waiver of Tax Increase for Settlement of Tax Arrears

This newsletter provides information on the latest tax updates.

This Budget analysis provides details on various tax measures that were announced in the 2016 Budget speech.

This Budget analysis provides details on various tax measures that were announced in the 2016 Budget speech.