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

Tax Alert Vol 24 No 3_8 February 2021