Who are tax agents?
Tax agents are financial experts who specialises in tax laws and accounting as well as any finance-related consultation. There are generally 4 types of tax preparers namely: Certified Public Accountants (CPA) [...]
My company is not resident in Malaysia. Does the temporary presence of my employees or personnel in Malaysia due to COVID-19 travel restrictions lead to the creation of a permanent establishment in Malaysia?
LHDNM will consider such temporary presence of employees or personnel does not result in the creation of a permanent establishment in Malaysia, provided it meets the following criteria: a. your company [...]
My company is unable to convene a meeting of the BOD in Malaysia because of COVID-19 travel restrictions. Will this have an effect on the company’s residence status in Malaysia?
If your company is not able to convene its BOD meeting in Malaysia due to COVID-19 travel restrictions, Lembaga Hasil Dalam Negeri Malaysia (LHDNM) is prepared to presume the company as [...]
I am currently outside of Malaysia because of COVID-19 travel restrictions. Does my absence from Malaysia affect my residence status in Malaysia?
It will not affect your residence status in Malaysia. If you are an individual who is temporarily absent from Malaysia because of COVID-19 travel restrictions, the period of temporary absence shall [...]
Under the Double Tax Agreement, is there a limit to the credit tax granted against local tax?
The credit provided shall not exceed the local country’s tax as computed before the credit is given. Simply put, the credit will not exceed the local taxes; otherwise, it would result in [...]
The Double Tax Treaty is an avoidance of double taxation agreement between whom and what is its purpose?
A Double Tax Treaty is an agreement between governments and not states or counties or provinces with the purpose of avoidance of double taxation and prevention of fiscal evasion with respect to [...]
Can a Double Taxation Agreement or Double Tax Treaty impose tax?
No, a Double Taxation Avoidance Agreement, DTA (also called a Double Tax Treaty, DTT) cannot impose tax, and therefore if you are looking at whether relief is due or not, the [...]
What is a ‘beneficial owner’ for tax purposes?
A beneficial owner is an individual who ultimately owns or controls more than 25% of a company’s shares or voting rights, or who otherwise exercises control over the company or its management. [...]
Can taxpayers appeal on tax increase?
Yes. Taxpayers may submit the application for appeal on tax increase through Customer Feedback Form available at IRBM’s Official Portal.
What should I do if I forgot my e-Filing password?
(a) Taxpayers who have a registered e-mail address or handphone number with IRBM: Click the ‘Forgot Password’ button at ezHASiL. (b) Taxpayers who do not have a registered e-mail address or handphone [...]