EY Tax Alert No. 13/2021
EY has released its latest tax alert issue No. 13/2021. This issue covers:
Malaysian developments
- Accelerated capital allowance (ACA) for the purchase of machinery and equipment
- Tax deduction on cost of personal protective equipment (PPE)
- Updates to IRB’s FAQs on Tax Matters during the Movement Control Order (MCO) 3.0
Overseas developments
- Hong Kong enacts legislation to allow a tax deduction for foreign taxes charged on gross income basis
- Chilean tax authorities are evaluating foreign service providers’ compliance with recently enacted VAT on digital services
