The 乐鱼(Leyu)体育官网 member firm in Malaysia has prepared its聽聽for May 2025, covering the following income tax, indirect tax, and individual (personal) tax developments.
Income tax
- Expansion of qualifying services for increased exports
- Amended legislation for income tax exemption for Labuan-related income
- Malaysia聽Digital Economy Corporation (MDEC) updated guidelines and 鈥渇requently asked questions鈥� (FAQs) for Malaysia digital tax incentives
- Deduction for pre-petroleum agreement expenditure
Indirect tax
- Guidelines on applications for sales tax exemption and refund on mastectomy bras that are imported or purchased from registered manufacturers
- Indirect tax legislation updates
Individual tax
- Computation of chargeable dividend income for dividend tax
Johor-Singapore special economic zone (SEZ)
- Guidelines for Johor-Singapore SEZ tax incentive package
- Guidelines for Forest City special financial zone (SFZ) tax incentive package
- Guidelines and FAQs on Forest City SFZ tax incentive for fintech-related activities, financial global business services, and foreign payment system operator