The Malaysia Government has tabled the Budget 2022 for a themed known as "Keluarga Mlaysia, Makmur Sjahtera on 29 Octocber 2021. 

The touch-points of the budget 2022 can be viewed at here. (Bahasa Malayais version). 

The propose budget 2022 have been categories into 3 types "Rakyat", "Perniagaan", "Komuniti". The details of…

On 28 June 2021, our Prime Minister Tan Sri Muhyiddin Yassin announced that Pakej Perlindungan Rakyat dan Pemulihan Ekonomi atau PEMULIH.  This is aimed at continuing the Prihatin Rakyat agenda, supporting businesses, and accelerating the vaccination rate of the nation.

In resepct of the details of the Speech by TS Muhyiddin, please refer to this link.

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The Malaysia government has put in the National Recovery Plan ("NRP")(国家复苏计划) in place starting 1 June 2021, with a Full Movment Control Order (FMCO)  for a total nationwide lockdown which involves the closure all of social and economic sectors except for those were classified as an essential services sectors are allowed to operate. 

The NRP involved into…

The establishment of the COVID-19 Immunisation Task Force (CITF) was based on the decision made during Cabinet Meeting dated 20 January 2021. It is to ensure vaccines’ distribution is done flawlessly. The Ministry of Science, Technology and Innovation (MOSTI) is mandated to manage the implementation of the National COVID-19 Immunisation Programme (PICK) from non-health services aspects, especially…

Inland Revenue Board of Malaysia (IRBM) publised a revised version of FAQ for rental reduction of business premise. The summary of the changes are as follow:

• Rental reduction relief for landlord from April 2020 to…

Effective from 1st April 2021, all of the IRBM payment counter will be restructured to ONLY accept the following payment:

• Retention of 3% Real Property Gain Tax (RPGT) payment under Section 21B RPGT Act 1976;
• Withholding…

Inland Revenue Board of Malaysia would like to inform that the submission of Income Tax Return Forms (ITRF) for the Year Assessment 2020 via e-Filing for Forms E, BE, B, BT, P, M, MT and TF can be done beginning March 1st, 2021. Click here for further information.

In line with the government implementation of Control Movement Order (CMO) in dealing with COVID-19 for 14 days start from 18 March 2020 to 31 March 2020, the Inland Revenue Board of Malaysia (IRBM) and Royal Malaysia Customs Department (RMCD) granted an extension of time for the relevant tax filing return.

Generally, IRBM is giving the TWO(2) months of the extension of time for Income…