Tax returns and compliance
Termination of residence
Economic employer approach
Types of taxable compensation
Salary earned from working abroad
Taxation of investment income and capital gains
Additional capital gains tax (CGT) issues and exceptions
General deductions from income
Tax reimbursement methods
Calculation of estimates/prepayments/withholding
Relief for foreign taxes
General tax credits
Sample tax calculation
When are tax returns due? That is, what is the tax return due date?
Tax returns of individuals with no business income (that is employment income and/or investment income) are required to be filed by 30 April of the following year.1 As for individuals who are carrying on business, the deadline for filing the tax returns is 30 June of the following year.2
What is the tax year-end?
What are the compliance requirements for tax returns in Malaysia?
The taxpayer who has no business income is required to file his/her tax return (Form BE) by 30 April of the following year (that is 2016 tax return covering the income period from 1 January 2016 to 31 December 2016 has to be filed by 30 April 2017). Any balance of tax payment would be due on 30 April 2017, as well.4 As for a taxpayer who has business-source income, the deadline for filing the tax return (Form B) is 30 June of the following year. For income year 2016, the balance of a tax payment would be due on 30 June 2017.5
The non-resident taxpayer who derives employment income and/or non-business income is also required to file his/her tax return (Form M) by 30 April of the following year (that is 2016 tax return covering the income period from 1 January 2016 to 31 December 2016 has to be filed by 30 April 2017). Any balance of tax payment would be due on 30 April 2017, as well. As for a non-resident taxpayer who has business-source income, the deadline for filing the tax return is 30 June of the following year. For income year 2016, the balance of tax payment would be due on 30 June 2017.
What are the current income tax rates6 for residents and non-residents in Malaysia?
Income tax table for 2016/2017
|Chargeable income||Base Tax||2016 Rate||Base Tax||2017 Rate|
Effective Year of Assessment 2010, the employment income of an individual who is a knowledged worker and residing in a specific region (Iskandar, Malaysia) exercising employment with a person who carries on any qualifying activity (namely green technology, biotechnology, educational services, healthcare services, creative industries, financial advisory, and consulting services, logistic services, and tourism) would be taxed at the rate of 15 percent of his chargeable income. (Applicable for knowledged workers who apply and commence employment in Iskandar, Malaysia between 24 October 2009 and 31 December 2015. The exemption to be extended to 31 December 2020 is yet to be formalised). However, prior approval from the Ministry of Finance is required before a knowledged worker could enjoy the tax rate of 15 percent.
Effective from YA2012, the employment income of an approved individual under the Returning Expert Programme will be taxed at the rate of 15 percent. Based on the Talentcorp’s Web site (which is the authority handling the Returning Expert Programme), the approved individual could opt to be taxed under the scale rates instead of 15 percent. The concession is for a period of five years.
The income of a non-resident individual is subject to income tax at 28 percent without personal relief.
For the purposes of taxation, how is an individual defined as a resident of Malaysia?
The residence7 of an individual is determined by his/her physical presence in Malaysia. An individual may qualify as a resident for the basis year for a particular year of assessment under any one of the following circumstances.
Are there any tax compliance requirements when leaving Malaysia?
It is the employer’s obligation to notify the Malaysia Inland Revenue Board (MIRB) of the termination of employment of an employee who is leaving Malaysia for more than three months. The notification is via filing of Form CP21 at least one month before the expected date of departure or date of cessation (whichever is earlier) of the employee from Malaysia.9 A schedule of entries and departures to/from Malaysia and his/her original passport have to be submitted to the MIRB for verification of his/her residence status together with the Form CP21. In practice, upon receipt of the Form CP21, the MIRB would issue a tax return to the employee to enable him/her to file his/her latest tax return before he/she leaves Malaysia. Upon submission of his/her latest year’s tax return, the MIRB would issue a tax clearance letter to inform the employee of any outstanding taxes to be paid and have on records his date of departure. The employer is also required to withhold any money in its possession owing to an employee who has ceased employment or is about to cease employment until the earlier of 90 days after the MIRB has received the Form CP21 or upon receipt of the tax clearance letter from the MIRB.10
What if the assignee comes back for a trip after residency has terminated?
The physical presence rule still applies for tax residency determination.11
Do the immigration authorities in Malaysia provide information to the local taxation authorities regarding when a person enters or leaves Malaysia?
Yes, we understand that the immigration and tax authorities are able to exchange information when required.
Will an assignee have a filing requirement in the host country after they leave the country and repatriate?
There would be no filing requirement for the assignee if he/she does not have any chargeable income derived from Malaysia after his/her repatriation. However, it is important that the assignee clears his tax fully before he repatriates.
Do the taxation authorities in Malaysia adopt the economic employer approach12 to interpreting Article 15 of the OECD treaty? If no, are the taxation authorities in Malaysia considering the adoption of this interpretation of economic employer in the future?
Where the Malaysian company is resident in Malaysia and bears the remuneration cost of an expatriate assigned to work in Malaysia, one of the stipulated conditions normally provided in the tax treaty would therefore not be fulfilled. As such, the expatriate employee would not be able to claim exemption from Malaysian tax under the double taxation treaty. The MIRB has clarified that for purposes of interpreting Dependent Personal Services, it would examine where the employee’s remuneration costs would be charged. In the situation where the home country employer recharges the remuneration cost to the host country (that is Malaysia), the employee’s remuneration costs would therefore be borne by the Malaysian company. Under such conditions, exemption from Malaysian tax would not be available.
The MIRB follows Article 15 of the OECD treaty.
Are there a de minimus number of days13 before the local taxation authorities will apply the economic employer approach? If yes, what is the de minimus number of days?
Generally, it is 60 days. Under the Malaysian tax law, the income of a non-resident individual from an employment exercised by him/her in Malaysia for not more than 60 days in total in a basis year will be exempt from Malaysian tax.
What categories are subject to income tax in general situations?
The definition of employment income covers all forms of remuneration including benefits, whether in-cash or in-kind, received by an individual for exercising or having an employment in Malaysia.14 Therefore, an employee’s income in respect of his/her employment in Malaysia will be subject to Malaysian tax regardless of whether it is paid in Malaysia or outside Malaysia.
Typical items of compensation received by an expatriate employee in Malaysia are taxed as follows.
The Ministry of Finance has clarified that as a transitional arrangement, employees who have been granted options under ESOS before 1 January 2006 would be given a choice to apply the old tax treatment on the whole or part of their entitlement regardless of when the options are exercised or exercisable.31
Are there any areas of income that are exempt from taxation in Malaysia? If so, please provide a general definition of these areas.
The following allowances, benefits-in-kind and perquisites received from employers are tax exempt in the hands of the employees with effect from year of assessment 2008.
Are there any concessions made for expatriates in Malaysia?
Expatriates employed in a managerial capacity with a Labuan entity in Labuan is granted an exemption of 50% of their gross income from such employment up to YA 2010, provided the employment is exercised in Labuan. The exemption has been extended to YA 2020. The exemption is also extended to an individual non- Malaysian citizen exercising an employment with a co-located office or marketing office of a Labuan entity approved by the Labuan Financial Services Authority which operates in other parts of Malaysia. Co-Located office means a co-located office of a Labuan entity approved by the Labuan Financial Services Authority which operates in other parts of Malaysia to perform the functions assigned by the Labuan entity. The marketing office must be an office to facilitate meetings with clients and establish contacts with potential clients except exercising trading activities on behalf of the Labuan entity.40
Effective from year of assessment 2003, expatriates would be exempted from payment of income tax in respect of income derived from an employment with an approved operational headquarters or an approved regional office. They will only be taxed on the portion of their income attributable to the number of days they are in Malaysia and out of Malaysia for social visits.41
Effective year of assessment 2008, the income tax treatment for expatriates working for international procurement centers (IPC) and regional distribution centers (RDC) is streamlined with that available for operational headquarters and regional offices. Only the portion of employment income attributable to the number of days of employment exercised in Malaysia is taxed.42
Effective from YA 2012, expatriates working for an approved Treasury Management Centre are taxed on the portion of their employment income attributable to the number of days they are in Malaysia and out of Malaysia for social visits pursuant to the Income Tax (Exemption) (No.3) Order 2012.
Expatriates acting in the capacity of a director of a Labuan entity are exempted from payment of income tax in respect of directors’ fees received from YA 2007 until YA 2010. The exemption has been extended to YA 2020.43
Any payment received from participating in the Malaysian Technical Co-operation Programme (MTCP) by a non-resident individual who is non-Malaysian citizen is exempted from tax with effect from year of assessment 2007. MTCP is a technical co-operation program approved by the Economic Planning Unit Prime Minister’s Department of Malaysia.44
Is salary earned from working abroad taxed in Malaysia? If so, how?
The salary earned from working abroad would not be taxable unless the income received is incidental to the Malaysian employment.45
Are investment income and capital gains taxed in Malaysia? If so, how?
Malaysia used to adopt the imputation system of dividend taxation, so the shareholder is subject to tax on the gross dividend but receives a credit for the tax borne by the company, which can be deducted from his/her tax liability.46
With effect from year of assessment 2008, the imputation system has been replaced by the single-tier system. Under single-tier system, dividends paid by a resident company would be tax exempt in the hands of its shareholders.47
There was a six-year transitional period from 1 January 2008 to 31 December 2013 to allow resident companies to remain on the imputation system in order to utilize the Section 108 credit as at 31 December 2007 (which was used to pay franked dividends).
With effect from 1 January 2014, all companies have moved to the single-tier system.48
Dividends received from certain approved unit trusts are tax-exempt.49
Certain specific types of interest (such as government savings certificates) are exempted wholly from income tax.50
With effect from 30 August 2008, interest income received by individuals resident in Malaysia from monies deposited in all approved institutions is fully tax-exempt.52
For non-residents, a withholding tax at 15 percent is applied (or less under certain double taxation agreements), unless the interest is exempt from tax.53 Interest derived from Malaysia by non-resident individuals and paid or credited by any person carrying on the business of banking or finance in Malaysia and licensed under the Banking and Financial Institutions Act 1989 is not subject to Malaysian tax.54
In order to enhance the development of real estate investment trusts (REITs) in Malaysia and attract foreign investors the non-corporate investors (especially resident and non-resident individuals) and other local entities that receive distributions from REITs listed in Bursa Malaysia will be subject to a final withholding tax at the rate of 15 percent for five years effective from 1 January 2007.55 However, with effect from 1 January 2009 to 31 December 2011, the distributions from REITs listed in Bursa Malaysia will be subject to a final withholding tax at the reduced rate of 10 percent. To promote further the development or REITs in Malaysia, the above tax treatment is to extend to 31 December 2019 is yet to be formalised.
With effect from 1 January 2010, pursuant to Real Property Gains Tax (Exemption No. 2) Order 2009, a person is exempted from the payment of tax on the chargeable gain in respect of any disposal of a chargeable asset on or after 1 January 2010 where the disposal is made after five years from the date of the acquisition of such chargeable asset. Where the disposal of a chargeable asset is made within five years from the date of the acquisition of such chargeable asset, the chargeable gain would be subject to tax at an effective tax rate of 5 percent.
Effective 1 January 2012, pursuant to Real Property Gains Tax (Exemption) Order 2011, where the disposal of a chargeable asset is made within two years from the date of acquisition of such chargeable asset, the chargeable gain would be subject to tax at the tax rate of 10 percent. The rate would be remain at 5 percent where the holding period is between 2 years and 5 years.
Effective from 1 January 2013, pursuant to the Real Property Gains Tax (Exemption) Order 2012, where the disposal of a chargeable asset is made within 2 years from the acquisition date, the chargeable gain would be subject to tax at 15%. For those disposed of between 2 to 5 years from the acquisition date, the rate is 10%. Any disposal after the 5th year is exempted from Real Property Gains Tax.
Effective from 1 January 2014, for disposals by an individual who is a Malaysian citizen or permanent resident, chargeable gains will be taxed as follows:56
For disposals by an individual who is not a Malaysian citizen or permanent resident, 30% for disposals within 5 years after acquisition and 5% for disposals more than 5 years after acquisition.
To strengthen family values and provide financial security, with effect from 8 September 2007, the instruments for the transfer of properties between spouses on the basis of love and affection be exempted from stamp duty.57
To encourage ownership of the first residential property and to reduce the cost of home ownership, instruments of transfer for the purchase of a house and loan agreement by Malaysians, executed for the purchase of residential property not exceeding MYR400,000 be given a 50 percent stamp duty exemption. This exemption is granted to the first house per individual and is effective for sale and purchase agreement executed from 1 January 2013 to 31 December 2014.58
Pursuant to the Stamp Duty (Remission) Order 2014 and Stamp Duty (Remission) (No.2) Order 2014, 50% is remitted from the stamp duty chargeable on loan agreement instruments and instruments of transfer for the purchase of first residential property costing not more than RM500,000 for sales and purchase agreement executed from 1 January 2015 to 31 December 2016.
Pursuant to Stamp Duty (Exemption)(No.3) Order 2011, instruments of loan agreements executed for the purchase of a residential property not exceeding MYR300,000 under Skim Perumahan Rakyat 1Malaysia (“PR1MA”) be given full stamp duty exemption. The above tax exemption is effective for sale and purchase agreement executed from 1 January 2012 to 31 December 2016.
Dividend received from the imputation system
Shareholders are taxed on the gross amount of dividends received and the tax deducted at source from that dividend is available as a tax credit to be set-off against the tax payable of the recipient.
Dividend received from the single-tier system
With effect from year of assessment 2008, the imputation system will be replaced by the single-tier system. Dividends paid under the single-tier system will be tax exempt in the hands of shareholders.
Rental income is assessed to tax on accrual basis for a calendar year.59 However, when the rental is received in advance, the advance rental would be taxed in the year of receipt. The expenses wholly and exclusively incurred in the production of the rental income are allowable as a deduction to arrive at a net rental income.
Section 25(1)(A) of the Income Tax Act, 1967, provides that the gross income from employment in respect of any right to acquire share in a company, shall where the right is exercised, assigned, released, or acquired in the relevant period be treated as gross income of that person for that relevant period. The taxable benefit shall be the lower of:
|Residency status||Taxable at:|
|Other (if applicable)||N/A||N/A||N/A|
With effect from 1 January 2014, full exemption on chargeable gains will be applicable where disposal of a chargeable asset is made after five years of acquisition for Malaysian citizens and permanent residents.
Effective 1 January 2014 Real Property Gains Tax at an effective tax rate of 30 percent would be applicable on chargeable gains where disposal of a chargeable asset is made within 3 years from date of acquisition, 20% if disposal is made in the 4th year from date of acquisition, 15% if disposal is made in the 5th year from date of acquisition for Malaysian citizens and permanent residents.60
For non-citizens, where disposal of a chargeable asset is made within 5 years from date of acquisition, the chargeable gain would be subjected to an effective tax rate of 30%. If the disposal made in 6th year and subsequent years, the effective tax rate is 5%.
There is no such tax in Malaysia. Note that estate duties have been repealed with effect from 1 November 1991.
Are there additional capital gains tax (CGT) issues in Malaysia? If so, please discuss?
Other than real property gains tax, there is no other CGT.
Are there capital gains tax exceptions in Malaysia? If so, please discuss?
What are the general deductions from income allowed in Malaysia?
The following deductions are allowed.
Spouse elects to have his/her income aggregated with his/her spouse for assessment purposes65
Purchase of books, journals, magazines, and other similar publications67
Further relief for disabled person68
Spouse living with or maintained by spouse69
4,000 (if spouse has no Malaysian source of income)
4,000 (with effect from YA 2017,if spouse has no source of income derived from Malaysia or outside Malaysia and the gross income from such sources exceed MYR4,000)
Further relief for disabled spouse70
|Life insurance premiums/annuity/contributions to approved provident fund or Takaful71||
6,000 (The maximum relief for life insurance premiums and/or contributions to approved fund other than a private retirement scheme.)
|Private Retirement Scheme/Annuity Premium||
3,000 (effective from YA2012 to 2021)
|Educational or medical insurance premiums for the taxpayer, spouse, or child72||
|Supporting equipment for disabled taxpayer, spouse, children, or parent (maximum)73||
|Medical expenses for parents (maximum)74||
5,000 [extended to include expenses to care for parents (i.e. treatment and care at home, day/home care centres). Such claims must be evidenced by a medical practitioner certifying the medical condition that requires medical treatment or special needs.]
|Medical expenses for taxpayer, spouse and children on serious diseases (include maximum of MYR500 for medical examination expenses)75||
|Purchase of computer for personal use (per individual and once in three years) (maximum)76||
- (Refer to "Lifestyle")
|Purchase of sports equipment (maximum)77||
- (Refer to "Lifestyle")
|Net amount deposited into Skim Simpanan Pendidikan Nasional for child (maximum)78||
1500 each (2016 - 2020)
|Social Security Organization (SOCSO) Scheme||250||250|
|Lifestyle||-||2,500 (Purchase of reading materials, purchase of sports equipment, purchase of computer, smartphone or tablet and subscription of broadband internet and gymnasium membership fees effective from YA 2017)|
|Breastfeeding equipment||-||1,000 (Applicable to working women with child aged up to 2 years and can be claimed once every two years effective from YA 2017)|
|Fees paid to childcare centres and kindergartens||-||1,000 (Applicable for individual tax payers who enroll their children up to 6 years of age)|
The taxpayer is also given the option to elect for joint assessment under the spouse’s name. A tax rebate of MYR400 is available to a taxpayer provided his/her chargeable income does not exceed MYR35,000. A further rebate of MYR400 is available for the spouse where the taxpayer has been allowed a deduction for spouse relief and their total chargeable income does not exceed MYR35,000.89
What are the tax reimbursement methods generally used by employers in Malaysia?
The tax reimbursement methods generally used by employers in Malaysia are current year grossed-up and one-year rollover methods.
How are estimates/prepayments/withholding of tax handled in Malaysia? For example, Pay-As-You-Earn (PAYE), Pay-As-You-Go (PAYG), and so on.
As a general rule, all employees whether local or expatriate, are subjected to Pay-As-You-Earn (PAYE). It is mandatory for an employer to deduct tax on a monthly basis from the employee’s remuneration based on the prescribed tables or formula issued by the MIRB. For this purpose, remuneration includes salaries, allowance, arrears, wages, fees, bonus, gratuity, commission, perquisite, and tips, but excludes benefits-in-kind.90 The tax deducted is to cover the tax on the remuneration earned for the month.
Employees may make an irrevocable election (subject to employer’s agreement) to include benefits-in-kind and value of living accommodation as part of the remuneration to be subject to monthly tax deduction by completing a prescribed form (Form TP2) and submit to the employer.
Effective from 1 January 2015, pursuant to the Income Tax (Deduction from Remuneration) (Amendment) (No. 2) Rules 2014, benefits-in-kind and value of living accommodation as part of the remuneration would be subject to monthly tax deduction mandatorily.
Further, prior to 1 January 2015 employees may make an irrevocable election (subject to employer’s agreement) in a prescribed form (Form TP1) for additional deductions (other than the standard deductions on individual, spouse, child, and contribution to Employees Provident Fund or other approved schemes) and submit it to the employer in determining the amount of monthly tax deduction.91
Effective from 1 January 2015, pursuant to the Income Tax (Deduction from Remuneration) (Amendment) (No. 2) Rules 2014, it is mandatory for an employer to allow the employees to claim additional deductions via Form TP1 at a minimum twice a year when determining the amount of monthly tax deductions.
An employee joining a new employer in the current year is required to complete a prescribed form (Form TP3) to disclose his remuneration from his previous employer(s) to enable the new employer to correctly calculate the monthly tax deductions.
When are estimates/prepayments/withholding of tax due in Malaysia? For example: monthly, annually, both, and so on.
The monthly tax deducted from the remuneration of the employees during a calendar month has to be remitted to the MIRB not later than the 10th day of the following calendar month via the Statement of Tax Deduction by an Employer (Form CP39) or the CD-ROM.92
Effective from 1 January 2015, pursuant to the Income Tax (Deduction from Remuneration) (Amendment) (No. 2) Rules 2014, the payment due date to remit the monthly tax deduction on the employees’ monthly remuneration is extended from 10th to 15th of the following calendar month.
Is there any Relief for Foreign Taxes in Malaysia? For example, a foreign tax credit (FTC) system, double taxation treaties, and so on?
Where there is a double taxation treaty, bilateral credit could be claimed. Bilateral credit shall only be given to a person resident in Malaysia. The bilateral tax credit allowable would be the lower of actual foreign tax payable or the Malaysian tax payable on the foreign income that has been subject to tax twice.93
Where there is no double taxation treaty, unilateral tax credit is allowed but is limited to the lower of one-half of the foreign tax payable on the foreign income for the year or the Malaysian tax payable on the foreign income that has been subject to tax twice.94
Malaysia has concluded double taxation treaties with more than 70 countries, which generally provide for an exemption from Malaysian tax for remuneration for personal services in Malaysia performed for or on behalf of a foreign employer for a period of not more than 183 days during a tax year or twelve months period and the remuneration is not directly deductible from the income of a permanent establishment (PE) which the foreign employer has in Malaysia.
What are the general tax credits that may be claimed in Malaysia? Please list below.
The general tax credits available in Malaysia for tax resident individuals are tax rebates and personal reliefs. The tax relief is deductible against the individual’s total income and the tax rebates can be deducted against the individual’s tax liability.
This calculation assumes a married taxpayer resident in Malaysia with two children whose three-year assignment begins 1 January 2015 and ends 31 December 2017. The taxpayer’s base salary is USD100,000 and the calculation covers three years.
|Moving expense reimbursement||20,000||0||10,000|
|Interest income from non-local sources||6,000||6,000||6,000|
Exchange rate used for calculation: USD1.00 = MYR4.2 (MIRB’s foreign exchange rate for 2016).
|Days in Malaysia during year||365||365||365|
|Earned income subject to income tax|
|Moving expense reimbursement||0||0||0|
|Total earned income||616,000||634,000||634,000|
|Total taxable income||602,000||617,000||617,000|
Calculation of tax liability
|Taxable income as above||602,000||617,000||617,000|
|Malaysian tax thereon||135,150||139,070||139,070|
|Domestic tax rebates (dependent spouse rebate)||0||0||0|
|Foreign tax credits||0||0||0|
|Total Malaysian tax||135,150||139,070||139,070|
1 Section 77(1)(b) of the Act.
2 Section 77(1)(a) of the Act.
3 Section 20 of the Act.
4 Section 103(1) and 103(12)(c) of the Act.
5 Section 103(1) and 103(12)(b) of the Act.
6 Schedule 1 (Section 6) of the Act.
7 Sections 7(1)(a) to 7(1)(d) of the Act.
8 Sections 7(1)(a) to 7(1)(d) and Section 7(1A) of the Act.
9 Section 83(4) of the Act.
10 Section 83(5) of the Act.
11 Sections 7(1)(a) to 7(1)(d) of the Act.
12 Certain tax authorities adopt an "economic employer" approach to interpreting Article 15 of the OECD model treaty which deals with the Dependent Services Article. In summary, this means that if an employee is assigned to work for an entity in the host country for a period of less than 183 days in the fiscal year (or, a calendar year of a 12-month period), the employee remains employed by the home country employer but the employee's salary and costs are recharged to the host entity, then the host country tax authority will treat the host entity as being the "economic employer" and therefore the employer for the purposes of interpreting Article 15. In this case, Article 15 relief would be denied and the employee would be subject to tax in the host country.
13 For example, an employee can be physically present in the country for up to 60 days before the tax authorities will apply the ‘economic employer’ approach.
14 Section 13 of the Act.
15 Section 13(1)(a) of the Act.
16 Section 13(1)(a) of the Act.
17 Sections 13(1)(c) and 32(2) of the Act, Public Ruling No. 3/2005.
18 Sections 13(1)(c) and 32(2) of the Act, Public Ruling No. 3/2005.
19 Section 13(1)(a) of the Act.
20 Section 13(1)(a) of the Act, Public Ruling No. 2/2013 on Perquisite from Employment.
21 Section 13(1)(b) of the Act, Public Ruling No. 3/2013 on Benefits-in-Kind.
22 Section 13(1)(b) of the Act, Public Ruling No. 3/2013 on Benefits-in-Kind
23 Section 13(1)(a) and Section 33(1) of the Act.
24 Section 13(1)(a) and Section 38A of the Act.
25 Section 13(1)(a) and Section 33(1) of the Act.
26 Section 13(1)(d) of the Act.
27 Public Ruling No 4/2004 on ESOS.
28 Section 25(1A) of the Act.
29 Section 32(1A)(a) of the Act.
30 Section 32(1A)(b) of the Act.
31 Press statement by the Ministry of Finance.
32 Section 39(1)(m) of the Act; Public Ruling No. 1/2003.
33 Section 13(1)(b)(ii)(A) of the Act.
34 Section 13(1)(b)(i) of the Act, Public Ruling No. 3/2013 on Benefits-in-Kind.
35 Income Tax (Exemption)(No.6) Order 2004.
36 Para 32E, Schedule 6 of the Act.
38 Schedule 6 Para 25(1).
39 Schedule 6 Para 25C.
40 Income Tax (Exemption)(No.8) Order 2011.
41 Income Tax (Exemption)(No.60) Order 2003.
42 Income tax (Exemption)(No.2) Order 2008.
43 Income tax (Exemption)(No.7) Order 2011.
44 Income Tax (Exemption) Order 2008.
45 Section 13(2)(c) of the Act.
46 Section 26 and Section 110 of the Act.
47 Section 12B, Schedule 6 of the Act.
48 Section 52 of the Finance Act 2007.
49 Income Tax (Exemption)(No.12) Order 1985.
50 Para 19, Schedule 6 of the Act.
52 Income Tax (Exemption)(No.7) Order 2008.
53 Part II, Schedule 1 of the Act.
54 Para 33, Schedule 6 of the Act.
55 Part X, Schedule 1 and Section 6(1)(i) of the Act.
56 Part I, II and III, Schedule 5 of the Real Property Gains Tax Act, 1967.
57 Stamp Duty (Exemption)(No.10) Order 2007.
58 Stamp Duty (Remission)(No.3) Order 2012 and Stamp Duty (Remission)(No.4) Order 2012.
59 Section 27 of the Act.
60 Section 32(1A) of the Act.
62 Schedule 2 Para 12 of the Real Property Gain Tax.
63 Section 33(1) of the Act.
64 Section 46 of the Act.
65 Sections 45 and 45A of the Act.
66 Section 46(1)(a) of the Act.
67 Section 46(1)(i) of the Act.
68 Section 46(1)(e) of the Act.
69 Section 47 and Section 45A of the Act.
70 Section 47(1)(b) and Section 45A of the Act.
71 Section 49(1A) of the Act.
72 Section 49(1B)(e) of the Act.
73 Section 46(1)(d) of the Act.
74 Section 46(1)(c) of the Act.
75 Section 46(1)(g) and Section 46(1)(h) of the Act.
76 Section 46(1)(i) of the Act.
77 Section 46(1)(i) of the Act.
78 Section 46(1)(k) of the Act.
79 Income Tax Exemption (No. 14) Order 2013.
80 Section 48 of the Act.
82 Section 46(1)(f) of the Act.
83 Section 46(B) Income Tax (Amendment) Act 2009 gazetted on 23 April 2009.
84 Section 48(1)(d) of the Act.
85 Section 48(3)(a)(ii) of the Act.
86 Section 44(6) of the Act.
87 Section 44(8) of the Act.
88 Section 44(6) of the Act.
89 Section 6A(2) of the Act.
90 Income Tax (Deduction From Remuneration) (Amendment) Rules 2014.
91 Income tax (Deduction From Remuneration)(Amendment) Rules 2014.
92 Income Tax (Deduction From Remuneration) (Amendment) Rules 2014.
93 Section 132 and Schedule 7 of the Act.
94 Section 133 and Schedule 7 of the Act.
95 Sample calculation generated by KPMG Tax Services Sdn. Bhd., the Malaysian member firm of KPMG International, based on various tax codes quoted within this document.
96 As prescribed by the MIRB, Public Ruling 3/2013 on Benefits-in-Kind.
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