Inside Monthly Tax Update: March 2023, we will cover the following updates:
- Revised guidelines on Real Property Gains Tax (“RPGT”)
- Update on withholding tax (“WHT”) in relation to qualifying payments made to agents, dealers or distributors (“ADD”)
- Media release on movement restriction due to outstanding tax payable
- New Double Taxation Agreement (“DTA”) between Malaysia and Poland
- Guidelines on transition of Multimedia Super Corridor (“MSC”) Malaysia Status Company to Malaysia Digital (“MD”) Status
- Remission of penalties and surcharges by Royal Malaysian Customs Department (“RMCD”)
- Updates on Service Tax on Digital System (“SToDS”) and implementation of Sales Tax on Low Value Goods (“LVG”)
- Prescribed forms to be used under the Customs Act 1967 (“CA”), Excise Act 1976 (“EA”) and Windfall Profit Levy Act 1998 (“WPLA”)
- Change in RMCD name for the purpose of payments via cheque or bank drafts
- Foreign Tourist who makes an online booking of accommodation premise in Malaysia via a Registered Digital Platform Service Provider
- Draft Service Tax Guide on Goods Delivery Services
- Highlights of key tax changes based on the Finance Bill 2023