Malaysia aims to secure the lowest possible tariff rates in ongoing US trade negotiations
Malaysia is at risk of a 25% tariff on its goods unless it secures an agreement with the US by 1 August. Malaysia’s Investment, Trade, and Industry Minister Tengku Zafrul Aziz stated that Malaysia is negotiating with the US to secure the
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Malaysia issues updated guidance on taxation of Malaysian ships
The Public Ruling updates the tax treatment and shipping income exemptions for qualifying Malaysian residents, replacing the 2012 edition. RegFollower Desk The Inland Revenue Board of Malaysia (IRBM) has issued Public Ruling No. 1/2025 on 15
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Malaysia allows tax deduction for ESG expenditure
The ESG deduction is capped at MYR 50,000 annually and applies from the year of assessment 2024 through to 2027. Malaysia introduced the Income Tax (Deduction for Expenditure in Relation to Environmental Preservation, Social and Governance) Rules
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Malaysia imposes anti-dumping duties on iron and steel from China, South Korea, and Vietnam
Import duties ranging from 3.86% to 57.90% are imposed on galvanized iron and steel coils or sheets from these countries. Malaysia’s Ministry of Trade and Industry has announced provisional anti-dumping duties on certain iron and steel imports
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Malaysia exempts imported fruits from sales and service tax
Malaysia exempts imported apples, oranges, mandarin oranges, and dates from sales tax as part of revised sales and service tax changes aimed at easing living costs and supporting small businesses. Malaysia's Ministry of Finance revised the Sales
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Malaysia ratifies income tax treaty with Maldives
Malaysia and the Maldives signed the income tax treaty on 24 May 2023. Malaysia has ratified the Malaysia-Maldives Income Tax Treaty (2023) through the Double Taxation Relief (The Government of the Republic of Maldives) Order 2025, published
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Malaysia unveils venture capital incentives to spur startup investments
Venture capital funds investing 20% in local startups get a 5% tax rate for 10 years, while registered VC and PE management firms enjoy a 10% tax rate. Malaysia's government has introduced venture capital tax incentives to encourage startup
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Malaysia: IRBM grants e-invoicing exemption for revenue below MYR 500,000, defers for up to MYR 5 million
The IRBM announced that taxpayers with annual turnovers under MYR 500,000 are temporarily exempt from e-Invoicing. The Inland Revenue Board of Malaysia (IRBM) announced on 5 June 2025 that taxpayers with annual revenue below MYR 500,000 are
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Malaysia: MoF announces sales and service tax amendments
Malaysia announced revisions to the sales tax and an expanded service tax scope, effective 1 July 2025. Malaysia’s Ministry of Finance announced on 9 June 2025 revisions to the sales tax and an expanded scope for the
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Malaysia ratifies new income tax treaty with Russia
Malaysia has completed the ratification of the new 2024 Malaysia - Russia Income Tax Treaty (2024) through the publication of the Double Taxation Relief (The Government of The Russian Federation) Order 2025 in the Official Gazette PU (A) 112 of 28
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Malaysia postpones new sales and service tax amid tariff concerns
Malaysia’s Ministry of Finance announced that its planned expansion of the sales and service tax, initially planned for implementation on 1 May 2025 as outlined in Budget 2025, will be postponed. The ministry said the sales and service tax will
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Malaysia updates e-invoice guidelines for system disruptions
The Inland Revenue Board of Malaysia (IRBM) released e-Invoice Guideline Version 4.3 on 18 March 2025. This update adds subsection 2.5.4, which provides guidance for handling MyInvois System disruptions, failures, or outages. The MyInvois System
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Malaysia introduces new consolidated income tax and employer audit framework
The Inland Revenue Board of Malaysia (IRBM) has released a new Tax Audit Framework on Income Tax and Employer on 15 March 2025. The updated framework replaces several previous audit frameworks, including: Tax Audit Framework (2022); Tax
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Malaysia announces new deadlines for e-invoicing compliance
The Inland Revenue Board of Malaysia (IRBM) has released updates regarding electronic invoicing (e-invoicing) guidelines on 21 February 2025. These include revised versions of the e-invoice guideline (version 4.2) and the e-invoice specific
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Malaysia grants tax exemptions on payments to/from Labuan firms
Malaysia has released the Income Tax (Exemption) Order 2025 in its Official Gazette on 13 February 2025. This order grants tax exemptions on specific payments made to or received from Labuan companies. A Labuan company is incorporated under the
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Malaysia clarifies ruling on tax incentives for BioNexus firms
The Inland Revenue Board of Malaysia (IRBM) has amended the Public Ruling (PR) to clarify the tax incentives available to an investor who has invested in a BioNexus status company (BSC) in Malaysia. The key updates outlined in Public Ruling No.
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Malaysia Gazettes Finance Act, Labuan Business Activity Tax (Amendment) (No. 2) Act 2024
Malaysia published the Finance Act 2024 (Act No. 862) and Labuan Business Activity Tax (Amendment) (No. 2) Act 2024 in the Official Gazette on 31 December 2024. Measures include amendments to income tax, global minimum tax, real property gains tax,
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Malaysia announces tax breaks for Special Economic Zone with Singapore
Malaysia announced several tax incentives to attract investments to the joint special economic zone with Singapore today, 8 January 2025. Jointly announced by the Johor state government and Malaysia’s Ministry of Finance, the incentives
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