Taxation

Tax Identification Number (TIN)

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According to the notice from the Inland Revenue Board of Malaysia, the Tax Identification Number (TIN) has been officially implemented starting from 1st January 2022. Whether buying a car or properties in the name of an individual or a company, must have a TIN. Taxpayers who already have an income tax number do not need [...]
Taxation

Special Income Remittance Program (PKPP) For Malaysian Tax Resident With Foreign Sourced Income

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According to the government, the tax exemption on foreign-sourced income will be withdrawn. Malaysia tax residents with foreign sourced income are needed to submit tax in 2022. At the same time, LHDN has introduced Special Income Remittance Program (PKPP) to let Malaysia tax resident having lowest tax rate. Latest News: (30.12.2021) According to MOF, the [...]