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TaXavvy Issue 36/2020
In this issue:
IRB’s Operational Guidelines No. 2/2020 - Special revision of tax estimate in the 3rd instalment month and deferment of tax instalments under the Economic Stimulus Package
The Inland Revenue Board has issued Operational Guidelines No. 2/2020 dated 12 May 2020 (“Guideline”). The Guideline covers the following measures which have been introduced by the Government to ease cash flow for businesses:
Special revision of tax estimate in the 3rd instalment month
6-month deferment of tax instalment payments for the tourism sector
3-month deferment of tax instalment payments for Small and Medium Enterprises
The Guideline consolidates information previously issued by the IRB via its Frequently Asked Questions in relation to the above measures as reported in previous editions of TaXavvy
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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