Stamp duty exemption for first time home buyers
The following gazette orders have been issued:
Stamp duty exemption for transfer of properties
The Stamp Duty (Exemption) (No. 3) Order 2023 has been gazetted and provides stamp duty exemption for transfer of property operating as a voluntary disposition inter vivos between specified family members, as announced in the retabled Budget 2023.
Modes of payment to Inland Revenue Board
The Inland Revenue Board has, in their media statement dated 12 June 2023, stated that cheques and money orders/postal orders will no longer be accepted as instruments of payment for direct taxes.
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The Income Tax (Exemption) (No. 7) Order 2023 was gazetted on 29 December 2023 to exempt companies, limited liability partnerships, trust bodies and co-operative societies from capital gains tax in respect of gains or profits from the disposal of shares of unlisted companies incorporated in Malaysia.
The Finance (No. 2) Act 2023 was gazetted on 29 December 2023.
The Finance (No. 2) Bill 2023 was passed at the Dewan Negara (Senate) on 13 December 2023.
This issue dives into the FAQ for implementation of e-Invoice for the construction industry and Tax Treatment on Copyright and Software Payments by a Distributor and a Reseller to a Non-Resident.
