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Malaysia overtakes Thailand as ASEAN's second-biggest auto market

Malaysia overtakes Thailand as ASEAN's second-biggest auto market

Sales tax exemptions for domestically produced vehicles provided a tailwind for the national car brands Perodua and Proton.
Fri May 17 2024
M'sia mulls giving full tax exemption on emergency PRS withdrawals

M'sia mulls giving full tax exemption on emergency PRS withdrawals

Malaysia is considering to provide full tax exemptions on withdrawal from private retirement scheme (PRS) funds for emergency purposes.
Wed May 08 2024
Six fined up to RM20,000 each for fake documents to reduce luxury car tax

Six fined up to RM20,000 each for fake documents to reduce luxury car tax

The individuals were fined, after pleading guilty to charges of using fake documents to obtain luxury car tax exemptions in Langkawi.
Tue Jan 16 2024
Yayasan Albukhary would not have needed to appeal if tax exemption not revoked - Muhyiddin

Yayasan Albukhary would not have needed to appeal if tax exemption not revoked - Muhyiddin

Tan Sri Muhyiddin Yassin said that he had seen a letter from the MOF to Tan Sri Syed Mokhtar Al-Bukhary sometime in 2021.
Wed Apr 26 2023
Lim Guan Eng sues Muhyiddin over Yayasan Albukhary's tax exemption issue

Lim Guan Eng sues Muhyiddin over Yayasan Albukhary's tax exemption issue

Lim said Muhyiddin deliberately sabotaged Yayasan Albukhary for refusing to allow tax exemptions when he was Finance Minister.
Mon Mar 27 2023
Govt proposes tax exemption to encourage more women to return to work

Govt proposes tax exemption to encourage more women to return to work

Tengku Zafrul said the Securities Commission Malaysia will introduce a special training programme to enhance women skills.
Fri Oct 07 2022
Vehicle sales tax exemption deadline remains on June 30 - MoF

Vehicle sales tax exemption deadline remains on June 30 - MoF

The deadline for the sales tax exemption for the purchase of passenger vehicles remains on June 30, 2022, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.
Mon Jun 20 2022
Private companies involved in SEMy2030 to be given tax exemption - Noh Omar

Private companies involved in SEMy2030 to be given tax exemption - Noh Omar

Private companies that are participating in efforts to empower social enterprises under SEMy2030, will be given income tax exemption for three years.
Sat Apr 23 2022
Four more months to enjoy car sales tax exemption incentive - Tengku Zafrul

Four more months to enjoy car sales tax exemption incentive - Tengku Zafrul

MOF under Budget 2022 had extended the car sales tax incentive exemption period until June 30, 2022.
Fri Feb 25 2022
Stronger vehicle sales forecast for first-half than second-half of 2021 - MAA

Stronger vehicle sales forecast for first-half than second-half of 2021 - MAA

The extension of the sales tax exemption plays an important role in helping to spur vehicle sales in the first half of the year.
Fri Mar 26 2021
Gov't ready to discuss entertainment tax exemption for cinemas

Gov't ready to discuss entertainment tax exemption for cinemas

The government is ready to discuss proposals on the exemption of entertainment tax for cinema operators affected by the COVID-19 outbreak.
Sat Mar 20 2021
Vehicle sales tax exemption extended until June 2021 - MOF

Vehicle sales tax exemption extended until June 2021 - MOF

The Ministry of Finance (MOF) has announced the extension of the vehicle sales tax exemption period by a further six months until June 30, 2021.
Tue Dec 29 2020
Govt to give income tax exemption for commercialisation of RD findings

Govt to give income tax exemption for commercialisation of RD findings

The government has proposed to give income tax exemption of 100 per cent of statutory income for 10 years to investor company that commercialises the research and development (RD) findings.
Fri Nov 06 2020
Govt proposes to expand income tax exemption for green SRI Sukuk

Govt proposes to expand income tax exemption for green SRI Sukuk

The government has proposed to extend the existing income tax exemption for green Sustainable and Responsible Investment (SRI) sukuk grant.
Fri Nov 06 2020
FMM urges import duty, sales tax exemption for face masks

FMM urges import duty, sales tax exemption for face masks

The Federation of Malaysian Manufacturers is urging the government to grant exemptions on import duty and sales tax on all inputs in the manufacturing of face mask.
Tue Jul 28 2020