EY Tax Alert No. 1/2022

EY has released its latest Tax Alert (issue No. 1/2022). This issue covers:

Malaysian developments

► Income tax exemption and income tax deduction Orders and/or Rules

► Tax incentives for the Tun Razak Exchange (TRX) project

► Stamp duty exemptions

► Income tax rebate for new SMEs or LLPs

► Discontinuation of tax concessions under the Frequently Asked Questions on International Tax Issues due to COVID-19 Travel Restrictions

► Deferment of tax payments by taxpayers and/or employers affected by the flood

► Update on Malaysia’s DTA with Ukraine

► Four Public Rulings (PRs) updated, and two new PRs issued by the IRB

► Technical guidelines on the tax treatment of R&D expenditure

► 2022 income tax return filing programme issued

► FAQs on the implementation of Tax Identification Number (TIN)

► Updates on Labuan entities

Overseas developments

► Singapore enacts Income Tax (Amendment) Act 2021

► French Parliament approves Finance Bill for 2022

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