The following public rulings, guideline and tax audit framework have recently been published on the Inland Revenue Board Of Malaysia’s official website:
- Taxation of Trusts (Public Ruling No. 9/2020) issued on 6 November 2020;
- Reinvestment Allowance Part I — Manufacturing Activity (Public Ruling No. 10/2020) issued on 6 November 2020;
- Reinvestment Allowance Part II — Agricultural and Integrated Activities (Public Ruling No. 11/2020) issued on 10 November 2020;
- Tax Incentive for Angel Investor (Public Ruling No. 12/2020) issued on 17 November 2020;
- Garis Panduan Operasi – Potongan Cukai Bulanan Di Bawah Kaedah-Kaedah Cukai Pendapatan (Potongan Daripada Saraan) 1994 (available in Malay language only) — issued on 17 November 2020; and
- Tax Audit Framework on Finance and Insurance — issued on 18 November 2020.
Sales Tax & Service Tax
The following Specific Guides have recently been published on the Royal Malaysian Customs Department’s MySST website:
- Guide on Return and Payment (as at 13 October 2020) – to replace the earlier version dated 29 September 2018; and
- Guidelines on SST-02 and SST-02A Return (Manual Submission) (as at 13 October 2020).