Tax in Motion Issue 4/2025

Stamp duty guidelines—Instrument for conveyance of movable property

The Inland Revenue Board (IRB) has recently issued the Guidelines on Imposition of Stamp Duty on Instrument of Sale and Purchase and Instrument of Transfer of Movable Property.

Stamp duty guidelines—Late stamping penalties

The IRB has recently issued the Guidelines on Imposition of Penalty for Late Stamping of Instrument under Stamp Act 1949 to explain the imposition of penalties on instruments that are stamped late.  

Updates on approval period for subsection 44(6) status

The IRB has on 2 December 2025 issued a media release to announce a new 10-year limit for approvals under subsection 44(6) of the Income Tax Act 1967 for Institution/Organisation/Fund.

Guidelines on Labuan Trading Activity and Labuan Non-Trading Activity

The IRB has issued Guidelines on Labuan Trading Activity and Labuan Non-Trading Activity dated 10 December 2025 to provide clarification on the definition of Labuan trading activity and Labuan non-trading activity. 

Updated guidelines on digital currency transactions

The IRB has issued the Guidelines on Tax Treatment of Digital Currency Transactions dated 5 December 2025, replacing the previous version dated 26 August 2022.

Updated e-Invoice guidelines and FAQs

Following the Prime Minister’s announcement to ease the burden on small and medium enterprises by increasing the e-invoice exemption threshold, the IRB has recently issued the following documents:

• e-Invoice Guideline (version 4.6)
• e-Invoice Specific Guideline (version 4.5)
• General FAQs on the implementation of e-Invoice
• FAQs for MyInvois e-POS

Public Ruling No. 4/2025 – Notification of Change of Accounting Period

The IRB has issued Public Ruling No. 4/2025 – Notification of Change of Accounting Period by a Company/Limited Liability Partnership/Trust Body/Co-Operative Society, which supersedes Public Ruling No. 6/2021 of the same title.

Public Ruling No. 5/2025 – Construction Contracts  

The IRB has issued Public Ruling No. 5/2025 – Construction Contracts, superseding Public Ruling No. 2/2009 of the same title.

Public Ruling No. 6/2025 – Taxation of Income from Employment on Board a Ship

The IRB has issued Public Ruling No. 6/2025 – Taxation of Income from Employment on Board a Ship, which replaces Public Ruling No. 1/2023 of the same title.

Malaysian Income Tax Reporting System—Latest Frequently Asked Questions 

The IRB has recently uploaded to its website the Frequently Asked Questions on the submission of documents prescribed under section 82B through Malaysian Income Tax Reporting System, updated on 26 November 2025, outlining the latest guidance for tax information and documents submission under section 82B.