EY Tax Alert No. 1/2021
Law firm EY is pleased to share their latest tax alert issue No. 1/2021.
Malaysian developments:
- 2021 income tax return filing programme issued
- Practice Note No. 4/2020: Clarification on Determining the Gross Income from Business Sources of not more than RM50 million of a Company or LLP
- Incentives for food production projects
- Tax deduction on costs for renovation and refurbishment of business premises
- Stamp duty updates
- Remission of tax and stamp duty
- Deduction for issuance of SRI sukuk extended to YA 2023
- Updated guidelines for upstream petroleum industry tax incentive claim
Overseas developments:
- Japan releases 2021 tax reform outline
- Myanmar tax authority issues guidance on withholding tax reporting obligations
