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


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