EY Tax Alert No. 5/2021

EY has released their latest tax alert. This issue (No. 5/2021) covers:

Malaysian developments

  • Updated tax collection framework
  • Malaysia deposits instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS
  • Frequently Asked Questions on special deduction on rental discounts given to tenants
  • Stamp duty exemption for small and medium enterprises on any instrument executed for mergers or acquisitions
  • Guidelines on establishing a Labuan company management business
  • Remission of tax and stamp duty

Overseas developments

  • Thailand enacts new VAT rules for foreign e-business and digital services
  • Hong Kong: 2021/22 Budget Proposals

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