Tax Espresso May 2017
The Tax Espresso is our monthly newsletter covering the latest tax updates.
In our May 2017 issue, we cover the following topics:
a) Labuan Business Activity Tax (Amendment) Bill 2017 – Increased Penalties
b) Income Tax (Exemption)(No. 2) Order 2017 [P.U.(A) 117/2017]
c) Loans Guarantee (Bodies Corporate) (Remission Of Tax And Stamp Duty) Order 2017 [P.U.(A) 78/2017]
d) Society of La Salle Brothers v Ketua Pengarah Hasil Dalam Negeri (KPHDN) (Court of Appeal) 2017
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Click the links below to view the Tax Espresso archive:
Deloitte - Malaysia Tax Firm of the Year
4 May 2017
We are proud to share that Deloitte has won the Malaysia Tax Firm of the Year award at the 2017 International Tax Review (ITR) Asia Tax Awards Ceremony held in Singapore on 4 May 2017. The ITR Asia Tax Awards represent the views of the leading tax publication on the most excellent and prominent tax advisers in Asia, by using a thorough research process that combined inputs from tax practitioners and their clients.
This year’s competition was fierce with over 60 different firms nominated for the various awards, which were eventually won by 28 different firms. Yee Wing Peng, Deloitte Malaysia’s Country Tax Leader, and his team have put in exceptional work which resulted in such an outstanding achievement, further elevating our reputation as an eminent and trusted tax and legal adviser for our clients.
Click here to view photos of the award.
Dbriefs Asia Pacific Tax Webcast: Human Resources (HR) and VAT / GST: Happy road or hidden bumps?
4 May 2017
The Human Resources (HR) function in many organisations gets more complex year on year, with more and more focus on being lean and efficient in all they do. With Malaysia introducing new GST rules, countries like Singapore and Thailand are continuing to refine and adapt rules. In this session of Dbriefs Asia Pacific Tax Webcasts, hosted by Deloitte Singapore’s Southeast Asia Indirect Tax Leader, Robert Tsang and presented by Deloitte Malaysia’s Global Employer Services Leader, Ang Weina and Asia Pacific Indirect Tax Clients, Markets & Industries Leader, Senthuran Elalingam, you can find out more on:
- What rules are governing the recovery of GST on costs?
- Should you use a separate employment services entity for your inbound staff or secondees?
- What are the ramifications for GST costs if you outsource all or part of your HR function?
- The road map and where all the hidden traps are?
Click here to listen to the webcast.
“100% penalty for income tax dodgers” - Discussion by BFM with Ang Weina
26 April 2017
Beginning 1 January 2018, Malaysia's Inland Revenue Board (IRB) will impose a 100 percent penalty on individuals and companies dodging payment or filing incorrect income tax returns. Find out more about this new ruling on BFM’s interview on “100% penalty for income tax dodgers” with Deloitte Malaysia's Global Employer Services Leader, Ang Weina.
Click here to listen to the interview.
GST Appeal Tribunal Workshop
17 May 2017
19 May 2017
It has been almost two years since the implementation of GST in Malaysia. However, many GST issues still lack clarity and even resulted in disputes with the tax authority (Customs). Hence, the GST Appeal Tribunal (“GST Tribunal”) was established to provide businesses with an avenue to appeal against a decision and resolve any GST disputes in an amicable and effective manner.
Deloitte Malaysia is honoured to have the Deputy Chairman of the GST Tribunal, Mr. Abdul Ghafar bin Abdul Latif and GST Tribunal member, Mr. Indrasathi Muniandy as guest speakers at our GST Appeal Tribunal Workshop here in Kota Kinabalu and Kuching to discuss the intricacies of the GST dispute resolution process of the GST Tribunal. As part of the briefing session, our guest speakers, who are presiding members of the tribunal, will also share their key experiences and insights on the GST appeal and dispute resolution process.
GST Appeal Tribunal Workshop Kota Kinabalu – 17 May 2017
GST Appeal Tribunal Workshop Kuching - 19 May 2017
New Withholding Tax Regime Workshop
29 May 2017
In the recent months, there have been some significant changes in Malaysia’s tax regime. They include the re-imposition of withholding tax on offshore services and the expansion of the meaning of royalty.
Managing withholding tax compliance can be a challenge and in order to provide you with a better understanding of this area, Deloitte Malaysia will be holding two tax workshops on the 29 May 2017 in Kuala Lumpur where we will be covering the following topics:
- What was the Parliament’s intention on Section 4A in 1983?
- Technical versus non-technical services
- The emphasis on the second limb of Section 4A – “in connection with”
- New position for software/royalty
- Interaction between domestic tax law and tax treaties?
- Upholding the spirit of tax treaty and Vienna Convention on Law of Treaties
- Analysis on latest case law – Alam Maritim, Mudah.my, etc.
Click here to find out more about our withholding tax regime workshop.