03 September 2015, 02:52 MST
IRB Public Ruling on Qualifying Expenditure and Computation of Capital Allowances The Inland Revenue Board of Malaysia has issued a public ruling titled Qualifying Expenditure and Computation of Capital Allowances. The objective of this Public Ruling (PR) is to explain (a) tax treatment in relation to qualifying expenditure on plant and machinery for the ...
KUALA LUMPUR, Aug 24 (Bernama) -- A proposal to exempt C2 boats using diesel and operating in deep sea to be exempted from the Goods and Services Tax (GST) will be brought to the Cabinet, said Agriculture and Agro-based Industry Minister Datuk Seri Ahmad Shabery Cheek.
KANGAR, Aug 23 (Bernama) -- Revenue from the Goods and Services Tax (GST) will help the country's finances when it faces the prospect of falling oil prices, said Prime Minister Datuk Seri Najib Tun Razak.
P.U. (A) 187 of 2015; Federal Subsidiary Legislation; Date: 20 August 2015
ALOR SETAR, Aug 19 (Bernama) -- The Kedah government prefers that the Goods and Services Tax (GST) rate be reduced to three percent. The rate of the new tax regime which was introduced in April this year is six per cent.
KUALA LUMPUR, Aug 17 (Bernama) -- The Royal Malaysian Customs Department has disbursed 92 per cent of the goods and services tax (GST) refunds to the registered traders for the period April to June, 2015 within 14 days as stipulated.
The objective of this Public Ruling (PR) is to explain the tax treatment of a Limited Liability Partnership.
P.U. (A) 183 of 2015; Federal Subsidiary Legislation; Date: 07 August 2015; Issuing Authority: Second Minister of Finance
KOTA BAHARU, Aug 11 (Bernama) -- The Kelantan Royal Malaysian Customs Department will open four kiosks in four different locations in the state for the submission of the Goods and Services Tax (GST) GST-03 statements and payments.
KOTA BAHARU, Aug 5 (Bernama) -- A vehicle accessories shop owner was fined RM5,000 by the Sessions Court here for issuing tax invoices that did not contain particulars set under the Goods and Services Tax (GST) Regulation 2014.
The objective of this Public Ruling (PR) is to explain (a) the tax treatment of entertainment expense as a deduction against gross income of a business; and (b) steps to determine the amount of entertainment expense allowable as a deduction.
The objective of this Public Ruling (PR) is to explain the income tax treatment of a taxpayer who fails to furnish information within a stipulated period.
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KUALA LUMPUR, Aug 24 (Bernama) -- A proposal to exempt C2 boats using diesel and operating in deep sea to be exempted from the Goods and Services Tax (GST) will be brought to the Cabine ...
The Inland Revenue Board of Malaysia has issued a public ruling titled Qualifying Expenditure and Computation of Capital Allowances. The objective of this Public Ruling (PR) is to ...
In this short note, Prof. Dr. Veerinderjeet Singh talks about the future outlook of GST.