21/11/2018
⚠Latest Released Finance Bill (20 Nov 2018)
2019 Budget – Further Tax Implications
from Finance Bill 2018 etc. - Source TraTax
1. Additional tax and compliance requirement for Malaysian businesses that procure services from foreign entities
2. Broadening of the scope of withholding tax on services
3. Transfer pricing: Significant broadening of the scope definition of associated person
4. Payment to Labuan companies: only 3% of the cost is allowed as deduction for the Malaysian resident payer
5. ‘Permanent establishment’ definition in the domestic tax law
6. Other key matters in the Bills
⚠Do note that the latest finance bill is out yesterday, and it will be touched on the upcoming talk:
"2019 Budget Tax Impact on Businesses"
Date: 22 November 2018 (Thursday)
Time: 2.30pm - 5pm
Venue: Menara Hong Leong (Damansara City Mall), Auditorium
Main Speaker: Mr. Thenesh Kannaa, Author & Tax Advisor of TraTax
Fee: FREE (Complimentary Tickets by SimpleTax)
Refreshments: Yes
RSVP: http://bit.do/hlbbudget2019
Note: Limited Seats Available
The session will cover:
✅Corporates & SMEs tax rates reductions tips 2019
✅The newly released finance bill
✅Double tax deduction
✅Minimizing tax penalty
✅Carry forward of losses & incentives for 7 years
✅Digital Payment Strategy for Businesses (WeChat Pay)
✅and more...
Reserve your seats here:
>>> http://bit.do/hlbbudget2019
Date : 22nd November 2018 (Thursday) Time : 2.00 p.m. to 3.30 p.m. Venue : Hong Leong Bank Tower, No 6, Jalan Damanlela. Bukit Damansara. 50490 Kuala Lumpur. Contact us at +60189681693 or +60166891693 or [email protected]