Tax Espresso

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Tax Espresso (June 2018)

The Tax Espresso is our monthly newsletter covering the latest tax updates.

In our June 2018 issue, we cover the following topics:

  1. MFRS 15 ‘Revenue from contracts with customers’: Potential impact on tax computation process
  2. IRBM: Revised Tax Investigation Framework

Download the newsletter by clicking the download button on the right.


Click the links below to view the Tax Espresso archive:

 
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Thought Leadership

Publications

Income Tax in Malaysia - Business as usual after GST roll-back

5 June 2018

With the recent zero-rating of Goods and Services Tax (GST) and news of other tax changes approaching, how would the Malaysian income tax landscape be impacted? In this article, our tax experts Stefanie Low, Business Tax Executive Director and Kei Ooi, Associate Director share their views from the Malaysian income tax administration perspective.

Click here to read the article.

Click here to read more about the feature on The Edge Financial Daily.
Click here to read more about the feature on The Malaysian Reserve.Borneo Post - Upcoming tax exemptions and incentives in 2018

30 October 2017

Last week, Prime Minister Datuk Najib Tun Razak announced the Budget 2018, with initiatives that deal with the wellbeing of the rakyat while addressing wide-ranging issues, from the rising cost of living, to shaping the workforce of the future.

The team at Deloitte Malaysia, Kuching, shares some of their views on the recently unveiled budget in Borneo Post.

Click here to read more about the article.

 

Media interviews

Bloomberg BNA - Sales Tax to Come in September: Malaysia

30 May 2018

Malaysia will impose a sales tax starting in September, giving time for officials to smooth out administration issues. The Sales and Services Tax (SST), likely to be set at 10 percent, will replace the Goods and Services Tax (GST) that ends June 1, though it won’t bring in as much revenue. The SST was last in place in 2015. “We have already seen some action take place in this area,” Deloitte Malaysia executive director Senthuran Elalingam told Bloomberg Tax.

Click here to read the full article.

Daily Express (KK) - Advice to industries on Sabah Service Tax

25 May 2018

With the impending implementation of the Sales Tax and Service Tax soon, manufacturers should hold dialogues and negotiate with the new Federal Ministry of Finance over any tax grouses at this opportune point in time, when policy formulation is still being done. Larry James Sta Maria, a director of Deloitte Tax Services Malaysia said manufacturers have to be prepared for the new Sales and Service Tax (SST) replacing the Goods and Services Tax (GST) to be '0' rated after June 1.

Click here to read the full article.

Click here to read more about the feature on The Edge Financial Daily.
Click here to read more about the feature on The Malaysian Reserve.Borneo Post - Upcoming tax exemptions and incentives in 2018

30 October 2017

Last week, Prime Minister Datuk Najib Tun Razak announced the Budget 2018, with initiatives that deal with the wellbeing of the rakyat while addressing wide-ranging issues, from the rising cost of living, to shaping the workforce of the future.

The team at Deloitte Malaysia, Kuching, shares some of their views on the recently unveiled budget in Borneo Post.

Click here to read more about the article.

 

Upcoming event

(Penang) Deloitte International Tax Symposium 2018

19 July 2018

The anti-Base Erosion and Profit Shifting (“BEPS”) measures introduced by the Organisation for Economic Co-operation and Development (“OECD”) constitute the most significant international tax reform in recent years. Recently, Malaysia has signed the Multilateral Convention (“MLI”) to implement tax treaty-related measures to prevent BEPS. Given this, it is vital for CFOs and in-house tax specialists to fully understand the impact of the anti-BEPS measures and MLI on their groups’ operations, financing and holding structures as well as the transfer pricing position.

Join us for an intensive one-day symposium that is designed to provide you with an understanding on the key anti-BEPS measures and transfer pricing issues so that you are prepared to navigate through the changing landscape of international tax.

Click here to learn more about our upcoming event in Penang.

Past events

  1. Shared Services Journey Workshop (14 May 2018)
  2. Indirect Tax Talk – New beginnings (16, 22 - 25 May 2018)
  3. Tax Audit and Investigation Workshop Series - Chapter 3 (31 May 2018) 
  4. MFRS 15 Seminar – Revenue from contracts with customers (5 June 2018)

Visit this page to view details about each past event.

Contact our Tax team if you need assistance.

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