EY Tax Alert Vol. 24 – Issue no. 3 (8 February 2021)

EY has released its latest tax alert. This issue covers:

Malaysian developments

Updated guidelines and procedures for the application of automation capital allowance for the manufacturing sector
Extension of stamp duty exemption on the instrument of loan or financing agreement relating to the restructuring or rescheduling of a business loan or financing executed between a borrower or customer and a financial institution (FI)
Flexible Work Arrangement incentives
Updated guidelines for submission of estimated tax payable
Tax compliance requirements for Labuan entities carrying on “other trading” activities

Overseas developments

Indian Fiscal Budget 2021 – Key tax proposals impacting individuals and employers
Spain delays first reporting of Digital Services Tax and Financial Transaction