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TaXavvy Issue 30/2024

In this issue:

Single Family Office Incentive Scheme

The Securities Commission has issued a media release providing details on the Single Family Office Incentive Scheme, following the announcement from the Minister of Finance II on 20 September 2024.

A Single Family Office (SFO) is a corporate vehicle, wholly owned or controlled by members of a single wealthy family, created to exclusively hold and manage the assets, investments and long-term interests of that family. The SFO may also represent multiple generations and branches of the family. A single family is taken to mean individuals who are lineal descendants from a single ancestor, including the close relative of the individual.

e-Invoice

The following in relation to e-Invoice implementation have been issued:

  • Income Tax (Issuance of Electronic Invoice) Rules 2024
  • e-Invoice Guideline (Version 4.0)
  • General FAQ on Implementation of e-Invoice

Green Technology Incentives

The following gazette orders for Green Technology Incentives have been gazetted:

  • Income Tax (Green Technology Incentive) (Asset) (Exemption) Order 2024

  • Income Tax (Green Technology Incentive) (Project) (Exemption) Order 2024

  • Income Tax (Green Technology Incentive) (Green Building) (Exemption) Order 2024

  • Income Tax (Green Technology Incentive) (Services) (Exemption) Order 2024

  • Income Tax (Green Technology Incentive) (Solar Photovoltaic System Leasing) (Exemption) Order 2024

 

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.

 

Download (PDF) TaXavvy Issue 30/2024

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