The Inland Revenue Board (IRB) has recently published an amendment to the country-by-country (CbC) rules.
Among the changes, the amended CbC rules include revised measures regarding entities having cross-border transactions with other constituent entities. The rules also define the constituent entities by including ultimate holding entity, constituent entity, surrogate holding entity and a permanent establishment in Malaysia.
Related Posts
Over the last three weeks, there has been significant developments with regards to the Malaysian service tax regime, namely three new service tax policies were published, and three guidelines of the Royal Malaysian Customs Department (“RMCD”)
Read More
On 27 March 2024, the Inland Revenue Board of Malaysia (IRBM) released guidelines about the Tax Treatment on Gains from the Disposal of Foreign Capital Assets Received from Outside Malaysia. The key points of the guidelines are as
Read More Malaysia’s parliament approved two laws - the Income Tax (Amendment) Bill 2024 and the Labuan Business Activity Tax (Amendment) Bill 2024. The two bills received approval from the House of Representatives on 26 March 2024 and by the Senate on 3
Read More On 26 March 2024, Malaysia’s lower house of Parliament (Dewan Rakyat) passed the Income Tax (Amendment) Bill 2024 and Labuan Business Activity Tax (Amendment) Bill 2024. The bills include the following proposed tax-related changes: Capital
Read More On 4 March 2024, Malaysia issued the Income Tax (Exemption) (No. 3) Order 2024, which was published in the Official Gazette. This order grants a capital gains tax exemption to companies, limited liability partnerships, trust bodies, and cooperative
Read More On 28 February 2024, the Royal Malaysian Customs Department published the service tax policies (STPs) and frequently asked questions (FAQs) about service taxes. The Service Tax Policy 1/2024 (STP 1/2024) establishes the commencement date for
Read More
