{{item.videoDuration}}
{{item.title}}
{{item.text}}
{{item.videoDuration}}
{{item.text}}
TaXavvy Issue 01/2023
In this issue:
Tax Reference Number for Tax Payments
The Inland Revenue Board (IRB) has issued media statements dated 31 December 2022 and 13 January 2023 in respect of the reference numbers to be used for tax payment purposes.
Mailing of Correspondences to the IRB
The IRB has issued a media statement dated 20 December 2022 on mailing of correspondences to each IRB State Office.
Return Form Filing Programme for the Year 2023
The IRB has issued the Return Form Filing Programme for the Year 2023. The filing programme outlines the statutory filing and tax payment due dates, grace period and method of submission for the various return forms.
Tax Investigation Framework
The IRB has issued an updated Tax Investigation Framework, which replaces the earlier Tax Investigation Framework dated 1 January 2020, with effect from 1 January 2023.
Real Property Gains Tax Guidelines
The IRB has issued a revised RPGT Guidelines dated 6 January 2023.
Guidelines on Interest Expense Payable During the Moratorium
The IRB has issued the Guidelines on Tax Treatment for Interest Expense / Profits Payable to a Bank or Financial Institution during the Moratorium Period dated 28 December 2022.
Gazette Order for Tax Incentive for Relocation of Services to Malaysia
The Income Tax (Relocation of Provision of Services Business Incentive Scheme) Rules 2022 has been gazetted and is effective from the YA 2021.
Public Ruling 6/2022 - Accelerated Capital Allowance
The IRB has issued Public Ruling 6/2022 - Accelerated Capital Allowance (“PR 6/2022”). PR 6/2022 is an update to Public Ruling 7/2018 of the same title.
Public Ruling 7/2022 - Venture Capital Tax Incentives
The IRB has issued Public Ruling 7/2022 - Venture Capital Tax Incentives which replaces Public Ruling 2/2016 of the same title.
Public Ruling 8/2022 - Taxation of Limited Liability Partnership
The IRB has issued Public Ruling 8/2022 - Taxation of Limited Liability Partnership which supersedes Public Ruling 5/2015 of the same title.
Public Ruling 9/2022 - Property Development
The IRB has issued Public Ruling 9/2022 - Property Development dated 23 December 2022 which supersedes Public Ruling 1/2009 of the same title.
Public Rulings on Reinvestment Allowance
The IRB has issued the following updated public rulings on Reinvestment Allowance:
Public Ruling 10/2022 - Reinvestment Allowance Part I – Manufacturing Activity replacing PR 10/2020 of the same title.
Public Ruling 11/2022 - Reinvestment Allowance Part II – Agricultural and Integrated Activities replacing PR 11/2020 of the same title.
Public Rulings on Commercialisation of Public Resource-Based Research and Development Findings
The IRB has issued the following public rulings in relation to tax incentives for commercialisation of research and development:
Public Ruling 12/2022 - Commercialisation of Public Resource-Based Research and Development Findings Part I – Tax Incentive for Investor Company
Public Ruling 13/2022 - Commercialisation of Public Resource-Based Research and Development Findings Part II – Tax Incentive for Eligible Company
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.
{{filterContent.facetedTitle}}
{{contentList.loadingText}}
{{contentList.loadingText}}
Receive regular tax updates in your inbox
Subscribe to Tax in Motion
Contact us
Follow us
