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The Malaysian Inland Revenue Board ("MIRB") has further updated its Frequently Asked Questions ("FAQs") on taxation matters during the National Recovery Plan on 4 July 2021. The Government initiated the National Recovery Plan from 1 June 2021.

Amongst others, the notable changes in the MIRB’s latest FAQs include:-

  • Withholding Tax

Withholding tax payment can also be made online via interbank GIRO transfer or electronic fund transfer by furnishing complete payment details to the MIRB, apart from telegraphic transfer as announced in its earlier FAQs.  

  • Real Property Gains Tax (“RPGT”)

A further one month extension of time until 31 August 2021 (previously 31 July 2021) is given for the submission of RPGT return forms where the due date falls within the National Recovery Plan period.  Similar extension of time is now given for the payment of retention sum under Section 21B of the RPGT Act 1976.

  • Stamp Duty

An extension of time of 30 days is granted (previously an application is required) for stamping of instruments or stamp duty payment where the due date falls within the National Recovery Plan period.  For other cases, application for extension of time will be considered by the MIRB based on merits of the case. 

A copy of the MIRB’s updated FAQs can be accessed via the above link.

Should you have any questions or require further clarification, please do not hesitate to email or 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 organization.

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.

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 Dispute Resolution
lsoh@kpmg.com.my
+ 603 7721 7019

 

Outstation Offices

Penang Office

Kuching & Miri Office

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)

Kota Kinabalu Office

Johor Bahru Office

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)

Ipoh Office

 

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