TaXavvy Issue 02/2023

In this issue:

FAQs on Mutual Agreement Procedures

The Inland Revenue Board (IRB) has previously issued a guideline on Mutual Agreement Procedures which is applicable to bilateral and multilateral Advance Pricing Arrangement in relation to seeking assistance from the Malaysian Competent Authority to resolve international taxation matters which are not in accordance with the tax treaty provisions (refer to TaXavvy 3/2018). The IRB has now issued FAQs on Mutual Agreement Procedures.

Notification of Changes in TIN Format

The IRB has informed of changes made to the Tax Identification Number (TIN) format.

Guidelines on Transition of MSC Malaysia Status Company to Malaysia Digital Company

The Malaysia Digital Economy Corporation has issued the Guidelines on Transition of MSC Malaysia Status Company to Malaysia Digital Company (“the Guideline”).

The Guideline is effective from 25 March 2022.

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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