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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