PKF Malaysia Insights

Archives - 2020-12-09

PKF e-Tax News - Non-Compliance with Transfer Pricing Rules - A Hefty Price to Pay?

Following the tabling of the Finance Bill 2020, the proposed insertion of various new provisions relating to Transfer Pricing grants significantly greater authority to the Inland Revenue Board and reemphasises the importance of Transfer Pricing compliance, with effect from 1 January 2021.

Archives - 2020-11-07

Budget 2021 Hightlights

The Malaysia's Budget 2021 was presented by our Finance Minister themed “Stand United, We Shall Prevail”.

Archives - 2020-09-04

Additional condition for Small and Medium Enterprise to enjoy preferential tax rate

A new condition was introduced with effect from year of assessment (YA) 2020 for a company to be categorised as
Small and Medium Enterprise (SME) in order to enjoy certain preferential tax treatments under the Income Tax Act
(ITA), 1967.