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The honorable Minister of Finance, YB Tuan Lim Guan Eng, tabled the 2019 Budget on 2 November 2018. 

Our tax leaders are pleased to provide their insights into the notable tax changes announced in the 2019 Budget.

SST 2.0, Digital Tax and Excise

Following the implementation of the new Sales Tax and Service Tax on 1 September 2018, the 2019 Budget proposed to expand the scope of service tax to cover imported services and digital products, service tax exemption and sales tax deduction. Ng Sue Lynn and her team discuss the benefits and challenges of this new move. 

Special Voluntary Disclosure Program (“SVDP”)

Let Soh Lian Seng and team walk you through the new penalty framework under the Special Voluntary Disclosure Program (“SVDP”). Look out for what is in store for taxpayers who opt to voluntarily come forward to declare any unreported income.

Of Sugar Tax and Digital Tax

Nicholas Crist and his team share their views on the effectiveness of Sugar Tax as a new source of revenue, the challenges in taxing the new digital economy and the likelihood of other new taxes being implemented in the near future.

Key Changes in Existing Taxes

As part of the Government’s initiative to increase revenue through a review of the existing taxation system, the 2019 Budget contained proposals to limit the timeframe for the utilization of tax benefits, restructure the Labuan tax regime and increase the real property gains tax and stamp duty rates. Neoh Beng Guan and his team highlight the impact of these measures to businesses.

The relevant thought leadership materials can be accessed via the above links.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Contact KPMG

Should you have any questions or require further clarification, please do not hesitate to contact any of our Executive Directors, Directors, Associate Directors or Managers whom you are accustomed to dealing with or who are responsible for the tax affairs of your organisation at the following telephone numbers for respective offices:

Petaling Jaya Office

Tai Lai Kok
Executive Director –
Head of Tax and Head of Corporate Tax
ltai1@kpmg.com.my
+ 603 7721 7020

Long Yen Ping
Executive Director –
Head of Global Mobility Services yenpinglong@kpmg.com.my
+ 603 7721 7018

Bob Kee
Executive Director –
Head of Transfer Pricing
bkee@kpmg.com.my
+ 603 7721 7029

Ng Sue Lynn
Executive Director –
Head of Indirect Tax
suelynnng@kpmg.com.my
+ 603 7721 7271

Soh Lian Seng
Executive Director –
Head of Tax Risk Management
lsoh@kpmg.com.my
+ 603 7721 7019

Nicholas Crist
Executive Director –
Corporate Tax
nicholascrist@kpmg.com.my
+ 603 7721 7022

Dato’ Leanne Koh
Executive Director – 
Corporate Tax
leannekoh@kpmg.com.my
+ 603 7721 7026

Neoh Beng Guan
Executive Director – 
Corporate Tax
bneoh@kpmg.com.my
+ 603 7721 7025

Ong Guan Heng
Executive Director – 
Corporate Tax
guanhengong@kpmg.com.my
+ 603 7721 7027

Chang Mei Seen
Executive Director – 
Transfer Pricing
meiseenchang@kpmg.com.my
+ 603 7721 7028

Ivan Goh
Executive Director – 
Transfer Pricing
ivangoh@kpmg.com.my
+ 603 7721 7012

 

 

 

Evelyn Lee 
Executive Director –
Penang Tax
evewflee@kpmg.com.my
+604 238 2288 (ext. 312)

Regina Lau
Executive Director –
Kuching & Miri Tax
reglau@kpmg.com.my
+6082 268 308 (ext. 2188)

Titus Tseu
Executive Director –
Kota Kinabalu Tax
titustseu@kpmg.com.my
+6088 363 020 (ext. 2822)

Ng Fie Lih
Executive Director –
Johor Bahru Tax
flng@kpmg.com.my
+607 266 2213 (ext. 2514)

Crystal Chuah Yoke Chin
Tax Manager –
Ipoh Tax
ycchuah@kpmg.com.my
+605 253 1188 (ext. 320)