EY Tax Alert No. 18/2021
EY has released its latest tax alert issue No. 18/2021. This issue covers:
Malaysian developments
- Ministry of Finance issues Pre-Budget Statement and seeks public feedback for Budget 2022
- Tax incentive for tour operators extended
- Extension of time for submission of tax returns under the Labuan Business Activity Tax Act 1990 (LBATA) for YA 2021
- Updated guidelines on tax deduction under Section 34(6)(h) of the ITA for contributions to a charity or community project to tackle the COVID-19 pandemic
- Frequently Asked Questions on special deduction on rental discounts given to tenants
Overseas developments
- Thailand: VAT rate to remain at 7% for an additional two years
- Swiss authorities release statement on application of Most Favored Nation clause in India-Swiss tax treaty
