Tax Espresso

Article

Budget 2019 – Finance Bill 2018, the Income Tax (Amendment) Bill 2018 and the Labuan Business Activity Tax (Amendment) Bill 2018

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

 

In this month’s 2nd special edition of Tax Espresso, we cover the proposed amendments in the Finance Bill 2018, the Income Tax (Amendment) Bill 2018 and the Labuan Business Activity Tax (Amendment) Bill 2018.

Read all about the restrictions to the surrender and claim of Group Relief, the disallowance of carry forward of unutilised losses, capital allowances, reinvestment allowance, pioneer loss and investment tax allowance. Other highlights are the proposed Service Tax on imported services and imported online services as well as changes to the Labuan tax regime.

Get a comprehensive view of the newly published bills and download your copy of the Budget 2019 – Finance Bill 2018, the Income Tax (Amendment) Bill 2018 and the Labuan Business Activity Tax (Amendment) Bill 2018 now!

To view and read analysis, views and opinions by Deloitte Malaysia Tax experts in the media, kindly scroll down.

 

Click the links below to view the Tax Espresso archive:

Recognition

Deloitte Malaysia’s tax experts recognised as some of the world’s leading women tax advisers

16 October 2018

Congratulations to our tax experts Sim Kwang Gek, Theresa Goh, Ang Weina and Wong Poh Geng for being recognised in the 2018 Women in Tax Leaders publication by the International Tax Review (ITR)! Their recognition is testimony to their capabilities and professionalism, and of Deloitte’s reputation in the area of tax.

Click here to view the accolade.

Thought leadership

Publications

Daily Express (KK) – Budget questions and answers

7 November 2018

Chia Swee How, Deloitte Malaysia Real Estate Tax Leader and Cheong Yit Hui, Deloitte Malaysia Business Tax Manager shared their perspective on some of the crucial questions from Budget 2019. Read on as they answer your burning questions what the newly announced budget means for you and your business, and provide suggestions to navigate around the new tax landscape on:

  • Revised tax relief for EPF contribution and life insurance payment
  • Stamp duty and RPGT increase effective 1 January 2019
  • Changes to the Labuan tax structure

…and more!

Click here to read the full article


Borneo Post – Budget 2019 Questions & Answers with Deloitte

6 November 2018

In answering the public's many queries following the Budget 2019, this special question and answer column written especially for The Borneo Post by Tham Lih Jiun, Deloitte Malaysia Government Grants & Incentives Tax Leader; Lim Su Sing, Deloitte Malaysia Business Tax Director and Chai Suk Phin, Deloitte Malaysia Business Tax Associate Director provides insights on how the budget may impact businesses and individuals in the manufacturing, real estate and import services sectors.

Click here to read the full article.


The Edge Financial Daily – Budget 2019: Your questions answered

5 November 2018

From understanding how Real Property Gains Tax (RPGT) works, to learning about how digital taxes would affect individual consumers, our Panel of Tax Partners answered the critical questions on the newly tabled budget including:

  • Proposed exemption for service tax on B2B transactions
  • Changes to the Labuan Tax Regime
  • Restrictions announced on carry forward of unabsorbed losses and allowances

…and more!

Click here to read the full article.


Sin Chew Daily – Eight questions from Budget 2019 answered

5 November 2018

In light of the announced Budget 2019, Deloitte Malaysia Chinese Services Group (CSG) shared their views and answered 8 crucial questions including Industry 4.0, Sales & Services Tax (SST) as well as Income Tax.

Click here to read the full article in Chinese.

Speaking engagement

CTIM 2019 Budget Seminar

21 November 2018

Deloitte Malaysia Country Managing Partner, Yee Wing Peng was invited as a guest speaker at the Chartered Tax Institute of Malaysia (CTIM) prestigious post-budget tax seminar held at Renaissance Hotel, Kuala Lumpur last week to speak on the future of taxation in Malaysia, particularly on taxation in the digital economy, which is a relevant talking point in the current tax landscape, following the government’s announcement to start taxing digital services provided in the country.

Further to that, Wing Peng joined a panel session moderated by Seah Siew Yun, President of CTIM with renowned industry experts Dr Veerinderjeet Singh, Executive Chairman of Axcelasia Taxand Sdn Bhd; Lee Heng Guie, Executive Director of Socio - Economic Research Centre (SERC) and Bhupinder Singh, Vice President, Group Tax Petronas.

The seminar was specially designed to provide concise updates on the key tax changes presented in the recently announced Budget 2019, with Wing Peng sharing his thoughts and expert opinion on the implications of newly announced taxation measures in the budget.

Click here to view photo of the seminar.

Media interviews

BFM 89.9 - The Evening Edition on Budget 2019

2 November 2018

Tune in to hear Sim Kwang Gek, Deloitte Malaysia Country Tax Leader on The Evening Edition as they dissect the announced budget tabled by our honorable finance minister.

Click here to listen to the full interview.


Astro Awani - Let’s talk with Sharaad Kuttan: Budget views

2 November 2018

Theresa Goh, Deloitte Malaysia Transfer Pricing Leader shares her views on the national budget results in “Let’s Talk with Sharaad Kuttan”.

Click here to watch the full interview.
 

Pocketimes – Impact of Budget 2019

2 November 2018

Tham Lih Jiun, Deloitte Malaysia Government Grants & Incentives Tax Leader discusses the impact of Budget 2019 on individuals and companies with Pocketimes.

Click here to watch the full interview in Mandarin.

Past events

Deloitte TaxMax – The 44th series

27 November 2018

More than 700 business leaders and finance professionals thronged the Deloitte TaxMax Seminar – The 44th Series, brought to you exclusively by Deloitte Malaysia at One World Hotel.

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

Contact our Tax team if you need assistance.

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