EY Tax Alert No. 8/2021

EY Tax Alert No. 8/2021

EY has released its latest tax alert issue (No. 8/2021). This issue covers:

Malaysian developments

  • Guidelines and procedures for the application of special investment tax allowance (ITA) for the Electrical and Electronics (E&E) sector
  • Guidelines on income tax exemption for religious institutions or organizations pursuant to Income Tax (Exemption) Order 2020 [P.U.(A) 139/2020]

Overseas developments

  • Japan enacts 2021 tax reform bill
  • Philippines enacts law reducing corporate income tax rates and rationalizing fiscal incentives

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