The Ministry of Finance Malaysia issued the Income Tax (Transfer Pricing) Rules 2023 (“Malaysian TP Rules 2023”) on 29 May 2023 which is effective from year of assessment 2023. This replaces the Income Tax (Transfer Pricing) Rules 2012 which was issued in May 2012 and deemed to have come into...

The Inland Revenue Board (IRB) has issued a media release on 16 December 2022 informing that the IRB is in the process of upgrading their internal system which is expected to be completed on 1 January 2023.To ensure a smooth upgrade process, certain tax payment channels will be temporarily closed...

The Inland Revenue Board (IRB) has issued a Media Release on 27 September 2022 announcing that effective from 1 August 2022, payers may defer the remittance of small value withholding tax (WHT) to the IRB on biyearly basis instead of monthly basis, subject to the conditions set out below: Click...

Supply chains are breaking and changing like never before. Geo-political tensions, the climate crisis, the after-effects of a global pandemic and cybersecurity scares all create a hugely challenging network of risks for businesses in 2022. But how are they focusing on supply chain resilience...

Greetings and welcome to the first instalment of the ASEAN Investment & Tax News of 2022.The first quarter of 2022 has been interesting thus far. Countries in the ASEAN region are mulling and planning their transition to COVID-19 endemic phase this year. The Regional Comprehensive Economic...