Malaysia: Guidance (FAQs) on estimated tax payments for all businesses, deferred tax instalments for SMEs

The Malaysian Inland Revenue Board issued guidance for small and medium-sized enterprises (SMEs).

Deferred tax instalments for SMEs

The Malaysian Inland Revenue Board—following announcements in the 2022 budget—issued the following guidance for small and medium-sized enterprises (SMEs).

  • “Frequently asked questions” (FAQs) concerning the deferment of tax instalment payments for six months—from 1 January 2022 to 30 June 2022—for SMEs
  • FAQs on the special revision of income tax estimation in the 11th monthly basis period for all businesses before 31 October 2022
  • The application form for the special revision of income tax estimation in the 11th month basis period

Read a November 2021 report prepared by the KPMG member firm in Malaysia

The report also provides information on the exemption from the restriction of tax deduction on payments made to Labuan* companies. 

*Labuan refers to a special economic zone and the related tax (and other) incentives.

 

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