Tax Espresso


Tax Espresso – November 2019

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

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

  1. New Operational Guidelines No. 5/2019 on Imposition of Penalty for Failure to Furnish Return
  2. ACA Rules on Development Cost for Customised Computer Software

Get to know the latest updates on the New Operational Guidelines No. 5/2019 on Imposition of Penalty for Failure to Furnish Return and the ACA Rules on Development Cost for Customised Computer Software 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.


Click the links below to view the Tax Espresso archive:

Media Coverage

BFM 89.9 - Taxing the shadow economy

BFM examines the Tax Identification Number announced in Budget 2020, and how it can help widen the scope of taxation into the shadow economy with Sim Kwang Gek, Country Tax Leader of Deloitte Malaysia.

Click here to listen to the podcast.

Bernama - IRB putting more resources to collect revenue from "shadow economy"

The Inland Revenue Board (IRB) will be putting more resources into addressing missing revenue from the “shadow economy”. Chief executive officer Datuk Seri Sabin Samitah said the agency would be allocating 80% of its staff for enforcement next year. “Usually, we allocate 60% staff for enforcement and 40% for taxpayer awareness but next year we will increase allocation of staff for enforcement to 80%, ” he said at the 45th Deloitte TaxMax 2019.

Click here to read the article.

Also published in: TV9, TV3, The Star, The Malaysian Reserve, Malay Mail, Borneo Post, Daily Express, Harian Metro, Sin Chew Daily, Nanyang Siang Pau, Guang Ming Daily, Utusan Borneo Sabah, Utusan Sarawak

Similar news: Sin Chew Daily, China Press, Guang Ming Daily

Bernama - TIN able to tackle shadow economy, says Deloitte Malaysia

The introduction of Tax Identification Number (TIN) for individuals aged 18 and above by 2021 can be one of the solutions to address the "shadow economy", Deloitte Malaysia said.

Click here to read the article.

Also published in: The Malaysian Insight, New Sabah Times, Borneo Post, Daily Express (KK)

Malaysia SME - Tax seminar on Budget 2020

The 2020 Budget was recently announced on 11 October 2019, laying the foundation for Malaysia's coming year. Speakers present in the seminar for central region will include Deloitte Malaysia's country tax leader, Sim Kwang Gek.  

Click here to read the article.

Sin Chew Daily - Expert to analyse 2020 Budget

Deloitte Malaysia’s Chinese Services Group Tax Experts will be speaking at “The 2020 Budget Seminar” organised by The Federation of Chinese Associations Kuching, Samarahan and Serian Divisions Sarawak on 14 November. The event will highlight six key points, namely corporate income tax, personal income tax, tax incentives, real property gains tax, stamp duty and indirect tax.

Click here to read the article

Also published in: See Hua Daily News, United Daily News

Upcoming Events

2019 Employer’s Income Tax Reporting Seminar  
21 January 2020 / 5 February 2020

Employers have important responsibilities under the Income Tax Act, 1967 (the Act) including, but not limited to, payroll withholding under the Monthly Tax Deduction (MTD) scheme and yearly reporting and filing of Form E and issuance of Form EA to the employees. 

With the Inland Revenue Board of Malaysia (IRBM) focused on enhancing compliance among taxpayers, employer audits are commonplace and are expected to increase with time. Mistakes made are likely to be picked-up during these audits and penalties and compounds can be expected.

We will be conducting a half-day seminar which will serve as a refresher course for all HR and payroll personnel in preparation for the upcoming 2019 tax reporting period.

Register here to register for the seminar.

Past Event

Deloitte TaxMax - The 45th series | Rebuilding the Economy for our Future 6 November 2019

Click here to view the past event. 

Contact our Tax team if you need assistance.

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