Malaysia: Summary of income and stamp tax developments for second quarter 2022 (COVID-19)

A summary of tax developments for the second quarter of 2022

A summary of tax developments for the second quarter of 2022

The KPMG member firm in Malaysia prepared a summary of tax developments [PDF 1.7 MB] for the second quarter of 2022, which includes a discussion of the following income and stamp tax developments:

  • Labuan amendment acts
  • Approved incentive scheme for principal hub
  • Frequently asked questions (FAQs) on the use of e-telegraphic transfer system
  • Incentives for the Sabah development corridor and the East Coast economic region
  • Incentives for the venture capital industry
  • Incentive for investment in equity crowdfunding
  • Incentive for implementation of “industry4wrd” vendor development program
  • Guideline for the application of tax deductions for contributions to a charity of community project to fight against the coronavirus (COVID-19) pandemic
  • Guideline for the application for approval of a coronavirus (COVID-19) relief fund
  • Stamp duty remission on contract notes for the sale of listed shares or stock
  • Stamp duty exemption for the Sabah development corridor and the East Coast economic region
  • Remission of tax and stamp duty on Islamic medium term notes program
  • Remission of tax and stamp duty on the term “financing-i facility”
  • Expansion of scope of remission of tax and stamp duty to syndicated revolving “credit-i facility”

 

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