Tax Espresso


Tax Espresso August 2017

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

In our August 2017 issue, we cover the following topics:

a. PR No. 3/2017: Income Tax Treatment Of GST Part III

b. PR No. 4/2017: Basis Period for a Business Source for Persons other than a Company, Limited Liability Partnership, Trust Body and Co-Operative Society

c. Technical Fee Article under Double Taxation Agreement

d. P.U.(A) 203/2017: Income Tax (Exemption) (No. 3) Order 2017

e. P.U.(A) 221/2017: Income Tax (Deduction for Expenditure on Issuance or Offering of Sustainable and Responsible Investment Sukuk) Rules 2017

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Thought Leadership

Speaking Engagement

TAA - MAICSA Malaysian Company Law Conference 2017

7 June 2017

On 7 June 2017, Tunku Abdul Rahman College Alumni Association (TAA) together with the Malaysian Institute of Chartered Secretaries and Administrators (MAICSA) held a conference on the impact and significance of the new Companies Act 2016 & Regulations.

Deloitte Malaysia’s Country Tax Leader Yee Wing Peng, who is also a TAR College alumni, participated in the conference as a panellist to provide his views on the impact and changes of the Companies Act 2016 on accountants, auditors and company secretaries. He also shared insightful, wide-ranging implications arising from the changes which included the computation of stamp duty levied on share acquisition, tax treatment on disposal of land, and tax matters to be aware of in the event of capital reduction.

Click here to view photos at the event.

Talent Engagement

Discover Deloitte with Xiamen University Students

18 July 2017

Twenty-one students from Xiamen University Malaysia, who will be joining us for a one-month internship starting 21 August 2017, visited our Deloitte office to network and learn more about their future workplace!

Click here to view photos at the event.

Visit by Guangxi University China Students

20 July 2017

Forty students from Guangxi University China paid a study visit to Deloitte’s Penang office, Malaysia on 20 July 2017 as part of the university partnership programme with TAR University College. The visit by the accounting and finance students allowed them to have a better understanding of the working environment in an audit firm.

Click here to view photos at the event.

Upcoming event

Breakfast Talk 2017 (Ipoh)

17 August 2017

The role of an employer has evolved significantly in recent years and with the ever increasing number of Inland Revenue Board audits, more responsibility lies on employers to ensure compliance with the stringent regulations and procedures. A lot is at stake in the event of non-compliance, so don’t take that chance.

Hence, Deloitte is proud to host a 2-hour breakfast briefing at our Ipoh office where we share the answers and the latest trends and approaches by the IRB. More importantly, equip yourself with the right knowledge to take on this challenge.

Click here to find out more information about our event.

Transfer Pricing: New Reporting Requirements Workshop

24 August 2017

In line with BEPS Actions 8-10 and Action 13 recommendations, the Inland Revenue Board (“IRB”) has recently released revisions to the Malaysian Transfer Pricing Guidelines 2012 (“MTPG”). The revisions pertain to the guidance on Arm’s Length Principle and Documentation, while introducing separate new chapters on Intangibles and Commodity Transactions. It is important for taxpayers to identify potential areas of risks or gaps in intragroup pricing policies, actual practices and transfer pricing documentation, and make required changes or build adequate defensible positions for audits.

In light of this, Deloitte will be hosting the Transfer Pricing: New Reporting Requirements Workshop at our KL office on 24 August 2017 to share with you the implications of these developments, especially on the critical issues/items to be dealt with during audit and how to successfully manage them.

Click here to find out more information about our event.

Past events

  1. Real Estate Industry Taxation Workshop – Module 2 (10 July 2017)
  2. Tax Management Consulting Conference – Kuala Lumpur (12 July 2017)
  3. GST Appeal Tribunal Workshop (Penang) (28 July 2017)
  4. China and the Region's Economic Situation Forum - featuring Deloitte China's Chief Economist Xu Sitao (31 July 2017)

Visit this page to view details about each past event.

Contact our Tax team if you need assistance.

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