TaXavvy Issue 15/2022

In this issue:

Guidelines on Tax Treatment on Developers or Management Bodies for Maintenance and Management of Building and Common Property

The Inland Revenue Board (IRB) recently issued the Guideline on Tax Treatment on Developers or Management Bodies for Maintenance and Management of Building and Common Property dated 18 July 2022 to replace the Guideline on Tax Treatment of Common Property Maintenance and Management Charges Received by Developers, Joint Management Bodies and Management Corporations dated 21 May 2012.

Tax Corporate Governance Framework - Frequently Asked Questions & Updated Guidelines

The IRB has uploaded the following to the IRB's website recently:

Frequently Asked Questions of Tax Corporate Governance Framework and Guidelines
Guidelines to Tax Corporate Governance Framework, updated on 27 July 2022

Public Ruling 2/2022 - Tax Incentive for Organising Conferences in Malaysia

The IRB has issued Public Ruling 2/2022 - Tax Incentive for Organising Conferences in Malaysia (“PR 2/2022”) dated 29 July 2022. PR 2/2022 explains the tax incentives available for conference organisers.

Public Ruling 3/2022 - Taxation of Foreign Fund Management Company

The IRB has issued Public Ruling 3/2022 - Taxation of Foreign Fund Management Company dated 29 July 2022 which replaces Public Ruling 7/2019 of the same title.

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