The government is looking at targeted tax incentives in the upcoming 2018 Budget, and it can no longer be incentives for every sector, but it depends on the flavour of the year and the flavour of the future!
The government is looking at targeted tax incentives in the upcoming 2018 Budget, and it can no longer be incentives for every sector, but it depends on the flavour of the year and the flavour of the future!
Moderator for the Crowdsource Session: Manufacturing - Driving Competitiveness and Innovation: Malaysia's Manufacturing Foundation Has Not Lost Its Competitiveness in National Economic Forum 2017 by National Chamber of Commerce & Industry of Malaysia, NCCIM
HODs happy hours in Morganfield's after having sharing session with Managing Partner Mr LL Koong
Customs DG T Subromaniam says this is to address the disparity between foreign companies operating in Malaysia under the digital economy and local players who are subjected to the tax.
LLKoong: tax rate on chargeable income up to the first RM500,000 should be reduced to 17% from the current 18%.
BUDGET 2018 maintained a strong emphasis on SMEs as industry observers note a bigger allocation for the sector compared with 2017. However, many also note that a cut in corporate tax was sorely lacking.
FTA An improved taxation structure with emphasis on a more business-friendly environment by the government is vital for the country before proceeding with any bilateral free trade agreement (FTA).
There is a new breed of opportunist known as the grantpreneur who specialises in obtaining grants under false pretences... see the story covered by the Edge...
All registrants may now request to the Customs Director General for 2 months taxable period (Bi-monthly) subject to the following conditions:
Contrary to popular assumption, the Internal Revenue Department (LHDN) doesn't just go after wealthy titled individuals as seen in the recent investigation of several Tan Sris and Datuk Seri over tax evasion.