Tuesday, 11 October 2011

Budget 2012

Tax News Round-up Sept 2011


Tax News Round-up Sept 2011
  1. Budget 2012 to be tabled on 7 October 2011
  2. Public Ruling 7/2011 - Notification Of Change In Accounting Period Of A Company /  Trust Body / Co-Operative Society
  3. GST Industry Guide on Relief on Second-Hand Goods (Margin Scheme) (Draft)
  4. BNM is seeking  inuts from property developers on increasing real property gains tax (RPGT) to curb speculations. Read more: BNM seeking inputs on property gains tax  http://www.btimes.com.my/articles/camolg-2/Article/#ixzz1ZUXapNao
  5. Telcos to defer collection of 6% government service tax from prepaid users. 
  6. The Inland Revenue Board will impose a 20% to 35% penalty for late or non submission of annual tax returns. http://www.hasil.gov.my/pdf/pdfam/PengenaanPenalti112_3.pdf
  7. Deadline to submit March 2011 tax return form C and R is 31 October 2011.

Tax News Round-up August 2011


Tax News Round-up August 2011
  1. Budget 2012 to be tabled on 7 October 2011
  2. GST Guides for public comments Industry Guides - 
    • Auctioneer
    • Specific Guides – Transfer of Business as a Going Concern (TOGC)
    •  Designated Areas
  3. GST Portal (http://www.gst.customs.gov.my/portal/page/portal/MYGSET)
  4. Deadline to submit February 2011 tax return form C and R is 30 September 2011.
Happy Merdeka!!!