News about tax

PETALING JAYA (March 31): The  Real Property Gains Tax (RPGT) should be zeroized (as it was in 2007) till the end of the year to help boost the already soft real estate market in the country, said the Malaysian Institute of Estate Agents (MIEA).

KUALA LUMPUR (March 24): The Ministry of Finance (MOF) announced several measures following the Economic Action Council (EAC) announcement earlier yesterday, including a tax deduction for donations and contributions made to the COVID-19 Fund and the Ministry of Health (MOH).

KUALA LUMPUR (March 6): The High Court has fixed April 17 to hear the Inland Revenue Board (IRB)’s application to obtain summary judgment against former premier Datuk Seri Najib Abdul Razak over unpaid taxes amounting to RM1.

KUALA LUMPUR (March 5): Two million ringgit was not a big deal for Datuk Seri Tengku Adnan Tengku Mansor because to him it was like “pocket money”, he told the High Court today.

KUALA LUMPUR (March 4): Umno treasurer Datuk Seri Tengku Adnan Tengku Mansor told the court today that he had used his own money first to fund his party in two by-elections in 2016 before being reimbursed a RM2 million cheque by businessman Tan Sri Chai Kin Kong.

KUALA LUMPUR (March 2): The High Court here has dismissed the application from Datuk Mohd Nazifuddin Najib (pictured), the son of Datuk Seri Najib Razak, for a stay of proceedings in the Inland Revenue Board's suit against him to recover RM37.

KUALA LUMPUR (Feb 28): The Income Tax Return Forms (ITRF) for Year of Assessment 2019 for Forms E, BE, B, P, BT, M, MT, TF and TP can be submitted starting from March 1, 2020 via e-Filing.

KUALA LUMPUR (Feb 27): Genting Bhd’s net profit in the fourth quarter ended Dec 31, 2019 (4QFY19) fell 19.

KUALA LUMPUR (Feb 27): Genting (M) Bhd’s net profit for the fourth quarter ended Dec 31, 2019 (4QFY19) fell to RM299.

KUALA LUMPUR (Feb 20): The Inland Revenue Board (IRB) will be looking for a replacement for tax lawyer Datuk DP Naban, who had acted for the board in its case against former premier Datuk Seri Najib Razak, a source said today.