The 2023 Malaysia Tax Update outlines significant tax regulations, focusing on the territorial basis for taxation, the self-assessment regime, and specific tax rates for businesses and individuals. It introduces a cap on foreign ownership for SMEs starting in 2024 and details adjustments in Real Property Gains Tax and Sales and Services Tax. The document also discusses personal tax rates, residency criteria, and exemptions for non-residents and expatriates. Additionally, it covers withholding tax for payments to non-residents and emphasizes compliance with transfer pricing rules to adhere to the arm’s length principle. This guide aims to navigate Malaysia’s tax landscape effectively for the year 2023.
ANNOUNCEMENT: CONSTANTIN GROWS PRESENCE IN THE UNITED ARAB EMIRATES WITH ADDITION OF DUBAI-BASED PARTNERSHIP BM MANAGEMENT CONSULTANCIES.
19 November 23
By joining forces with BM Management Consultancies, Constantin significantly strengthen its professional service offerings in the UAE and further expands
