EY Tax Alert No. 21/2021

EY has released its latest tax alert, issue No. 21/2021. This issue covers:

Malaysian developments

Flexible Work Arrangement (FWA) incentives
Stamp duty exemptions for the Targeted Relief and Recovery Facility (TRRF)
Stamp duty exemption for the High Tech Facility – National Investment Aspirations (HTF-NIA)
Tax incentive for companies participating in the National Dual Training Scheme (NDTS)
Guidelines and procedures for the application of special tax incentive for selected services activities under the National Economic Recovery Plan (PENJANA)
Special treatment for banks or development financial institutions adopting the Malaysian Financial Reporting Standard (MFRS) 9: Financial Instrument

Overseas developments

Hong Kong may implement substance requirements related to offshore claims
Canada announces it will enact Digital Services Tax but states its implementation is conditional