Written by Lim Tse Hwei and Kam Sue Herng. Keysight Technologies Malaysia Sdn Bhd v. Director General of Inland Revenue [2025] 1 CLJ 883 Held in the Court of Appeal (“COA”) whereby the date of…
Written by Lim Tse Hwei and Ashley Yip. MEDAN PRESTASI SDN BHD v. KETUA PENGARAH HASIL DALAM NEGERI [S-01(A)-554-09/2021] Held in the Court of Appeal (“COA”). Legal Issue Are the gains received by the Taxpayer…
Written by Lim Tse Hwei and Ashley Yip. The passing of the Finance Bill 2024 on the 31st December 2024 introduced significant steps in refining and evolving Malaysia’s tax landscape, with several changes taking effect…
Written by Lim Tse Hwei and Kam Sue Herng Ketua Pengarah Hasil Dalam Negeri v. Yayasan Buah Pinggang Kebangsaan Malaysia [2024] 6 CLJ 413 Held in the Court of Appeal (“COA”) whereby the date of…
Written by Lim Tse Hwei and Ashley Yip. Pemungut Duti Setem v Ann Joo Integrated Steel Sdn Bhd W-01(A)-227-04/2022 Held in the Court of Appeal (“COA”) whereby the date of judgment is 13th November…
Written by Lim Tse Hwei and Kam Sue Herng. Merimen Online Sdn Bhd v. Ketua Pengarah Hasil Dalam Negeri (KPHDN) [2024] MLJU 3334 Held in the Court of Appeal, Putrajaya whereby the date of judgement is…
In consideration of the previous article on the upcoming 2025 Budget Tax Schemes, tax jargon can be difficult to decipher as they can often seem overwhelming and technical, but grasping the key terms is essential for anyone dealing with taxation.
Written by Lim Tse Hwei and Ashley Yip. In our previous article, we discussed the proposed taxes for the 2025 Budget. This article aims to review the tax highlights of the Finance Bill tabled in…
Before investing, purchasing or selling a piece of property in Malaysia, every individual or business taxpayer should understand every aspect of the tax system relating to assets. In Malaysia, there are two forms of taxes that can be imposed when purchasing and disposing property; Capital Gains Tax (“CGT”) and Real Property Gains Tax (“RPGT”). They are both forms of taxation that affect both individuals and business taxpayers who derive gain from the sale of their assets.
In light of the new budget for 2025 by the Malaysian government, new tax schemes have been proposed, this article aims to revisit and refresh the understanding of the current tax structures and their definitions while getting acquainted with the various terms and policies that shape the financial landscape in Malaysia.
The five new proposed taxes for 2025 budget include unhealthy food tax, inheritance tax, carbon pricing tax, AI tax and high value goods tax.