Tax Espresso

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Tax Espresso - March 2019

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

 

In our March 2019 issue, we cover the following topics

  1. Guidelines for Application of Stamp Duty Relief under Section 15 and Section 15A of the Stamp Act 1949
  2. Exemption of Rental Income from Residential Property
  3. Tax Case: NMS Sdn Bhd v KPHDN (Special Commissioners of Income Tax)

Get to know the latest updates on guidelines for stamp duty relief, rental income exemption order and more by downloading a copy of the Tax Espresso newsletter on the right!

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:

Thought leadership

Media coverage

The Star - How effective will the special volunteer disclosure programme be?

16 February 2019

This is not the first time Malaysia is granting tax amnesty. The Special Voluntary Disclosure Programme (SVDP) launched last November is the third attempt in recent times by the Inland Revenue Board (IRB) to recover funds lost over the years to potential tax evasion, and perhaps, in assets stashed overseas by wealthy individuals and businesses.

So, how different is the SVDP from past tax-amnesty programmes? According to Deloitte Malaysia Country Tax Leader, Sim Kwang Gek, the current scheme will likely be more effective in recouping funds for the government, given the IRB's wider access to individuals and companies' financial information through the use of Big Data analytics.

Click here to read the full article.

Speaking engagement

Facebook Live - Common Reporting Standard (CRS): How does it impact you?

28 February 2019

Ang Weina, Global Employer Services Leader of Deloitte Malaysia spoke at a Facebook Live event on the topic of Common Reporting Standards (CRS). Hosted by Ho Sing Fong, Wealth Specialist at Standard Chartered Malaysia, Weina discussed the impact of CRS on organisations and countries in general, as well as the advantage of the Special Voluntary Disclosure Programme. Over 450 viewers tuned in to watch the Facebook Live event.

Click here to view photos from the event.

Talent engagement

Talent engagement - TARUC 50th Anniversary and Colours of TARCian Gala Dinner

9 March 2019

For his continuous efforts in supporting TARUC, Yee Wing Peng, Deloitte Malaysia Chief Executive Officer was awarded with the Outstanding Alumni of TARUC award by YB Dr Ong Kian Ming, Deputy Minister of the Ministry of International Trade and Industry (MITI) last Saturday! As an alumni, Wing Peng frequently contributes his extensive knowledge on taxation to TARUC as a guest lecturer, on the development of the tax syllabus and much more!

Deloittians Tan Hooi Beng, Deputy Tax Leader; Khoo Siew Kiat, Financial Advisory Executive Director; Tax Seniors, Thiban Raj, James Cheang and Shaun Tan alongside our Human Resources team were also present to celebrate his outstanding achievement at the event.

Click here to view photos of the event.
 

Quarterly Talk Series with Deloitte: Impact of Tax Evasion

22 February 2019

Mohd Fariz Mohd Faruk, Business Tax Compliance Director and Adib Ahmad Zabidi, Business Tax Compliance Assistant Manager shared their insights on the impact of tax evasion to a group of 100 students and lecturers of INTEC Education College. Topics highlighted at the talk included Base Erosion Profit Shifting, Common Reporting Standard and the Special Voluntary Disclosure Programme. This Talk Series is a collaborative quarterly event with INTEC Education College.

Click here to view photos of the talk.

Upcoming events

Changing Transfer Pricing landscape in Malaysia

13 March 2019

The beginning of FY 2019 marked some critical changes in the Malaysian Transfer Pricing (TP) arena which will impact the taxpayers. To effectively perform compliance and to build an adequate, defensible position for audits, taxpayers should familiarise themselves with the changes. Most notably, the new Government has introduced some of these changes via Budget 2019, to ensure effective regulation of TP in Malaysia.

Deloitte and the Inland Revenue Board of Malaysia (IRBM) will provide insights to participants on these developments, as well as the implications arising from the changes.

For more information regarding the seminar, kindly contact:

Jonathan Sim at josim@deloitte.com / +603 7610 8009


SST – Get up to speed (Johor Bahru)

21 March 2019

The law and guidance of the recently reintroduced Sales and Service Tax (SST) continues to change at a very fast pace. To assist participants in getting up to speed with SST, the Deloitte Indirect Tax Academy will present a seminar on the current state of the SST, which includes technical developments and in-house insights and outlook on future changes to the law.

For more information regarding the seminar, kindly contact:

Wong Shi Yin at shiyiwong@deloitte.com / +607 268 0859

 

Past events

  1. Oil and Gas Tax Seminar
    - 25 February 2019
  2. SST – Get up to speed (Kuala Lumpur)
    - 28 February 2019

Visit this page to view more details about our past events.

Contact our Tax team if you need assistance.

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