Tax Espresso


Tax Espresso - July 2019

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


In our July 2019 issue, we cover the following topics:

  1. LFSA issuance of the Circular on LIC Pronouncement 1-2019
  2. Guidelines for Tax Exemption of Incremental Chargeable Income from a Business Source
  3. Guidelines for a Social Enterprise Application to be Approved under Subsection 44(11C) of the ITA
  4. Extension of stamp duty exemption for the purchase of residential property
  5. IRBM updated FAQs on the SPVD.

Get to know the latest updates on LFSA Circular on LIC Pronouncement 1-2019, Guidelines for tax exemption of incremental chargeable income, updated FAQs on the SPVD and more by downloading a copy of the Tax Espresso newsletter on the right!

Deloitte Malaysia is recognised as Malaysia Tax Firm of the Year 2019 by the International Tax Review. As the country’s leading tax expert, we hold various tax events and workshops, in addition to participating in speaking engagements at tax seminars. To view upcoming and past events by Deloitte Malaysia’s Tax Services, kindly scroll down.


Click the links below to view the Tax Espresso archive:

Eminence activity

Media coverage

SME Magazine - Manufacturing sector created 59,000 new job opportunities in 2018

15 June 2019

More than 150 executives from the manufacturing and service sectors came together at the ‘Opportunities and Risks of Digitalisation in the Fourth Industrial Revolution’ seminar. Jointly organised by Deloitte Malaysia, the Malaysia Digital Economy Corporation (MDEC) and the Malaysian Investment Development Authority (MIDA), the seminar brought pragmatic insights on the issues, advantages and challenges associated with digital transformation in the era of the Fourth Industrial Revolution to its participants.

Deloitte Malaysia’s Country Tax Leader, Sim Kwang Gek, shared her views on imminent threats and the importance of being prepared for digital disruption.

Click here to read the full article.

Also published in Borneo Post (KK) and Borneo Post (Kuching).

Speaking engagements

FMM Perak Seminar on Employees Remuneration Tax Reporting & Latest Immigration Updates

24 July 2019

Second in this series, Deloitte Malaysia is collaborating with the Federation of Malaysian Manufacturers (FMM) to conduct a seminar that will provide participants with an understanding on the recent updates on the maximum duration for the Professional Visit Pass (PVP), the Tax Reporting Guidelines for Expatriates and how businesses can capitalise and benefit from the Talent Mobility Programme launched by TalentCorp under MIDA. Speaking at this seminar are Au Yeong Pui Nee, Tax Director of Deloitte Malaysia and Khairil Anuar Mohd Nawawi, Tax Manager of Deloitte Malaysia.

Transfer Pricing Conference 2019 | Navigating a new landscape

15 July 2019

Organised by the Malaysian Institute of Accountants (MIA), this conference will highlight key areas in Transfer Pricing that tax experts must master to ensure the success of their businesses. Sharing at this session are Theresa Goh, Transfer Pricing Leader of Deloitte Malaysia and Subhabrata Dasgupta, Transfer Pricing Executive Director of Deloitte Malaysia.

Some of the topics that will be discussed at the conference include:

  • Latest trends of transfer pricing development in Malaysia
  • Transfer pricing issues focusing on intra-group financing assistance/services
  • Complying with tax authority on transfer pricing: Progress and challenges
  • Tackling issues in managing transfer pricing audit
  • Analysis of recent transfer pricing cases: Identifying the underlying legal issues
  • Country-by-Country Reporting (CbCR) and BEPS 2.0: Transfer pricing in a digitalised world

Upcoming events

Earning Stripping Rules - It’s here and it’s time to act

19 July 2019

The Earning Stripping Rules (ESR) have just been released and came into operation on 1 July 2019. The authorities have also issued guidelines in connection with the ESR. The ESR, which is meant to replace thin capitalisation rules, would restrict the tax deduction of a certain amount of interest payments to certain parties. It is critical that companies evaluate the impact of ESR immediately.

Join us for an intensive half-day session that is designed to give you an understanding of the ESR fundamentals and its interplay with transfer pricing.

For more information regarding the seminar, kindly contact:

Anston Cheah at / +603 7610 8923 or Kei Ooi at / +603 7650 8359

Deloitte Chinese Services Group - Personal Income Tax joint talk for Chinese Investors in Malaysia

25 July 2019

With the promotion of China-Malaysia economic and trade cooperation under the “One Belt, One Road” initiative and cooperation in the international capacity, Chinese investment in Malaysia has continued to heat up in recent years. More and more Chinese employees are being stationed in Malaysia for support and work. Hence, it is important for Chinese employees to know the requirements of reporting personal income taxes in China and Malaysia, and how to reduce the overall tax burden in both countries reasonably and legally, to mitigate double taxation and any tax refund avenue between the two countries. Join us in this informative session to prevent such risks now.

For more information regarding the seminar, kindly contact:

Vivian Dai at / +603 7610 8646 or Jason Tey at / +603 7650 8197

2019 Global Employer Services Southeast Asia Seminar | Mobility for the future – staying agile for change

1 August 2019

In a world fast-tracked by digitalisation and artificial intelligence, global mobility demands reinvention with a human focus. The future of an organisation and its pool of human talent calls for continuous diversification with flexible acclimatisation. To move towards the future, we need to be agile for change. Are you? The Deloitte 2019 Global Employer Services (GES) Southeast Asia seminar aims to reinforce your future-proof global workforce strategies for your business and talent objectives, in addition to apprising you with the latest trends in tax and immigration issues in Malaysia and SEA. Take the journey with us, as we help you achieve success in optimising, reshaping and transforming your mobility and talent programmes!

For more information regarding the seminar, kindly contact:

Heng Huichuin at / +603 7610 8260 or Emily Yong at / +603 7650 6271

Contact our Tax team if you need assistance.

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