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TaXavvy Issue 13/2019
In this issue:
Withholding tax exemption on income from MSC Malaysia status companies - withdrawal notice
The Malaysian Digital Economy Corporation Sdn Bhd (MDEC) has placed an announcement on their website that the current withholding tax exemption on income received by non-resident companies from approved MSC Malaysia status companies will continue only up to 31 December 2019.
Public Ruling 3/2019 - business expenses in respect of disabled persons
The Inland Revenue Board has issued a new Public Ruling 3/2019 - Business expenses in respect of Disabled Persons, which outlines the tax treatment of business expenses incurred for employees who are disabled persons as well as training expenses incurred for disabled persons who are not employees.
Tax exemption for women returning to work after career break
The Budget 2018 proposal to encourage women on career breaks to return to the workforce and to supplement total household income has been gazetted under the Income Tax (Exemption) (No.9) Order (“the Order”). The Order is effective for years of assessment (YA) 2018 to 2020 for applications made to Talent Corporation Malaysia Berhad from 1 January 2018 to 31 December 2019.
Other updates
- Operational guideline 4/2019 - Procedure for submission of amended tax return form
- Guidelines for approval of Director General of Inland Revenue under Subsection 44(6) of the Income Tax Act 1967 - revised
TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PricewaterhouseCoopers Taxation Services Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.
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