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

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