Tax Espresso


Tax Espresso (October 2018)

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

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

  1. Public Ruling (PR) No. 3/2018 ‘Qualifying Expenditure and computation of Industrial Building Allowance’
  2. New public rulings on taxation of resident individual
    (a) PR No. 4/2018 ‘Taxation of a Resident Individual Part I - Gifts Or Contributions and Allowable Deductions’
    (b) PR No. 5/2018 ‘Taxation of a Resident Individual Part II - Computation of Total Income and Chargeable Income
    (c) PR No. 6/2018 ‘Taxation of a Resident Individual Part III - Computation of Income Tax and Tax Payable’.

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Deloitte Malaysia’s tax experts recognised as some of the world’s leading tax controversy practitioners

18 September 2018

Congratulations to our tax experts Theresa Goh, Tan Eng Yew, Senthuran Elalingam and Chandran TS Ramasamy for being recognised in the 2018 Tax Controversy Leaders Guide by the International Tax Review (ITR)! This recognition is a strong testament to the capabilities and reputation of our tax professionals, and of Deloitte’s reputation in the area of tax.

Click here to view the accolade.

Media interviews

The Edge - Considerations in reforming Malaysia's tax system

24 September 2018

Finance Minister Lim Guan Eng announced the appointment of Tan Sri Hasmah Abdullah as chair of the newly established Tax Reform Committee. This followed his announcement weeks earlier of the setting up of the committee along with a public finance committee, tasked with helping to reduce the country's fiscal deficit, among others. Deloitte Malaysia Country Tax Leader Sim Kwang Gek shares a similar view. She believes that what is crucial in tax reform at this juncture is to broaden the tax base, given that tax revenue will now be reduced as a result of the abolition of the Goods and Services Tax.

Click here to read the full article.

The Star - Leaving an impact on community

13 September 2018

Some 50 Tax Deloitte Penang employees took a day off from their busy work schedule to take part in a major gotong-royong session at Rumah Kebajikan Seri Cahaya in Batu Maung. Deloitte Malaysia Global Employer Services Director Au Yong Pui Nee said the opportunity to give back to the community is a humbling and rewarding experience.

Click here to read the full article.

New Straits Times - More F&B items to be SST-exempt

4 September 2018

The Masterclass Forum: Impact of GST on SST by CPA Malaysia and The New Straits Times Press was a huge success, with Deloitte Malaysia Indirect Tax Country Leader Tan Eng Yew participating as a panellist. The forum was facilitated by Ahmad Lokman Mansor, Business Editor.

Click here to read the full article.

Speaking engagement

TP Minds Asia 2018 - Asia’s Leading Independent Transfer Pricing Forum

19 – 20 September 2018

Deloitte Malaysia National Transfer Pricing Leader, Theresa Goh chaired the second day of the forum as well as moderated a panel on Transfer Pricing Controversy & Dispute Resolution. The forum touched on important trending topics, with subject matter experts sharing their views and experience on the current controversy landscape in Asia Pacific, and the impact of BEPS on dispute resolution etc.

The forum was held at Novotel Clarke Quay, Singapore with more than 250 participants and 50 speakers attending. Melinda Brown, Senior Transfer Pricing Advisor at the Organisation for Economic Co-operation and Development (OECD) opened TP Minds Asia 2018 by outlining the OECD’s agenda for 2018 and bringing us up to speed on the inclusive framework on BEPS, Financial transactions, Transfer Pricing and the Digital Economy.

here to view photos of the forum.

Upcoming event

MFRS 15 Seminar - Revenue from contracts with customers (Korean Services Group)

15 October 2018

The MFRS 15 Seminar – Revenue from contracts with customers will be conducted in both English and Korean and will highlight the core principles of MFRS 15.

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

Deloitte TaxMax 2018 – The 44th Series

27 November 2018

This year’s 44th Deloitte TaxMax series, themed ‘#ReadyMalaysia2019: A refreshed landscape’, will provide insights to a refreshed business landscape which is changing with unprecedented speed and uncertainty. This full-day seminar will cover an extensive range of topics highlighted in the link below, as well as provide an in-depth analysis of the 2019 National Budget which will be announced on Friday, 2 November 2018.

Click here to learn more about our upcoming event.

Past events

  1. (Penang) Indirect Tax Academy: The Return of SST Seminar (9 August 2018)
  2. SST Update Seminar: Release of the Bills and possible impacts (14 August 2018)

Visit this page to view details about each past event.

Contact our Tax team if you need assistance.

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