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Following the announcement of the short-term Economic Recovery Plan (PENJANA) on 5 June 2020, gazette orders have been issued for the following proposals:
RPGT exemption for disposal of residential property
Stamp duty exemption for residential property purchased under the Home Ownership Campaign 2020/2021
Further to the issuance of the Labuan Business Activity Tax (Exemption) Order 2020 as reported in TaXavvy 39/2020, the Labuan FSA has issued a circular dated 5 June 2020.
The Inland Revenue Board has issued guidelines on the application under section 44(6) of the Income Tax Act 1967 for the following funds:
Fund for Management of House of Worship
Welfare and Education Fund
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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