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Round-up Nov - Dec 2011
Seasons' Greeting and a Happy New Year
- Join us on Facebook(www.facebook.com/jhtax) and Twitter (@jhtaxplanners) for more recent updates.
- IRB Headquarters in Cyberjaya fully operational
- IRB Public Ruling No. 8/2011 on Tax Treatment of employment income derived by foreign nationals working in Malaysia, Public Ruling No. 9/2011 on tax treatment of a co-operative society registered in Malaysia, Public Ruling No. 10/2011 on Gratuity, Public Ruling No.11/2011: Bilateral Credit and Unilateral Credit, Public Ruling No.12/2011: Tax Exemption on Employment Income of Non-Citizen Individuals Working for Certain Companies in Malaysia
- Exemption on service tax effective 1 January 2012 under section 6 of the Service Tax Act 1975 on certain services provided in Free Zones, Duty Free Islands and Joint Development Area
- Income Tax (Deduction for Implementation of RosettaNet) Rules 2004 revoked
- Controversial discretionary powers to the Inland Revenue Board (IRB) have been deleted from Budget 2012 proposal.
- IRB collected RM98 billion this year
- Deadline to submit June 2011 tax return form C and R is 31 January 2012.
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