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Public Rulings
New Public Rulings issued by the Inland Revenue Board of Malaysia REF. NO PUBLIC RULING TITLE DATE ISSUED No.12/2015 Recovery From Persons Leaving Malaysia 17.12.2015 No.11/2015 Tax Incentive For Angel Investor 16.12.2015 No.10/2015 Investment Holding Compa...
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Loan or Advances to Director by A Company
Loan or Advances to Director by A Company Public Ruling No. 8 /2015 Inland Revenue Board of Malaysia 30 November 2015 Source: http://www.hasil.gov.my/pdf/pdfam/LOAN_OR_ADVANCES_TO_DIRECTOR.pdf CONTENTS 1. Objective 2. Relevant Provisions of the Law 3. Inter...
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Tax Deduction for GST Payments
Are blocked input taxes allowable for tax deduction?  What about a GST registered person who forgoes his rights to claim input tax credit? These are the two common questions asked. Finance Bill 2015 seeks to amend section 39 of the Income Tax Act, 1967 by s...
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