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14/10/2026

KUALA LUMPUR, Oct 13 — Online shoppers could see clearer accountability for e-commerce platforms and sellers under a new law.Prime Minister Datuk Seri Anwar Ibrahim announced...

14/10/2026

🚨 FOREIGN E-COMMERCE PLATFORMS REQUIRED TO ISSUE e-INVOICES!

📅 Effective 1 January 2027

According to the National Tax Seminar 2026 (14 October 2026), foreign e-commerce platform providers (ECPPs) are required to issue e-Invoices and self-billed e-Invoices for relevant transactions conducted through their platforms.

📌 What are the requirements?

🛒 1. Sales of Goods or Services
ECPPs are responsible for issuing e-Invoices to buyers, subject to applicable e-Invoice rules.

💰 2. Payments to Sellers
ECPPs are required to issue self-billed e-Invoices to sellers for transactions conducted through their platforms.

💳 3. Platform Fees & Commissions
ECPPs are required to issue e-Invoices to sellers for fees or commissions charged.

🌏 Who is affected?
Transactions involving Malaysian and overseas buyers or sellers

⚠️ Important Note:
Further official LHDN guidance is awaited to clarify its application to foreign ECPPs and implementation details.

14/10/2026

📢 LHDN TO PRE-FILL INDIVIDUAL TAX RETURNS USING e-INVOICE DATA FROM YA 2026!

Starting from Year of Assessment (YA) 2026, LHDN will progressively introduce e-Invoice information into individual income tax returns.

💡 What should taxpayers know?

✅ Request e-Invoices – Provide your correct identification number (ID) and Tax Identification Number (TIN) when making purchases.

✅ Automatic Pre-Filling – e-Invoice information will be progressively pre-filled into individual income tax returns.

✅ Check Your Information – Review the pre-filled details carefully before submitting your tax return.

✅ No e-Invoice? – You can still use existing supporting documents, such as receipts, to claim eligible tax reliefs.

📚 Source: LHDN Media Statement dated 9 May 2026 | National Tax Seminar, 14 October 2026.

14/10/2026

🤖 AI SUBSCRIPTION TAX RELIEF 2027 – IS WITHHOLDING TAX REQUIRED?

Under Budget 2027, AI software subscriptions such as ChatGPT, Claude and Gemini are proposed to qualify for the existing RM2,500 Lifestyle Tax Relief from YA 2027.

📢 National Tax Seminar – 14 October 2026

During the Q&A session, it was clarified that withholding tax (WHT) must be deducted and paid before an individual can claim the AI subscription tax relief.

📌 What about existing WHT exemptions?

P.U. (A) 147/2019 provides a withholding tax exemption for qualifying software payments made by Malaysian-resident individuals to non-residents for personal, non-business use.

The interaction between this existing exemption and the proposed AI subscription tax relief requires further clarification.

⚠️ Subject to Further Updates

As the Budget 2027 proposal has not yet been enacted, we will await the Finance Act 2027 and subsequent LHDN guidelines to confirm the final requirements, particularly the withholding tax treatment.

We will share further updates once the legislation and official guidance are available.

14/10/2026

📢 STAMP DUTY UPDATE 2027 | NEW DEFINITIONS

Malaysia proposes to introduce clearer definitions under the stamp duty framework to ensure more consistent tax treatment.

📌 3 Key Definitions to Know

🏢 1. Foreign Company

- Includes foreign companies and locally incorporated companies.
- At least 50% foreign ownership, including shares deemed owned by foreign parties and direct or indirect control.

👤2. Permanent Resident

- An individual recognised as a permanent resident under immigration laws.
- Helps determine the applicable stamp duty rates.

📄 3. Assessment

- Covers both original and additional stamp duty assessments.
- Includes assessments processed electronically.

📅 Proposed Effective Date: 1 January 2027

⚠️ Note: The proposed definitions are subject to the relevant legislation being enacted.

📚 Source: National Tax Seminar, 14 October 2026.

14/10/2026

📢 PENALTY FOR REVISED TAX RETURN

The Government proposes to give LHDN discretionary powers to waive or remit part or all of the increase in tax arising from a Revised Tax Return.

🔴 Current Position
LHDN has no specific power to waive or remit the increase in tax imposed under the relevant provisions.

🟢 Proposed Amendment
LHDN may waive or remit part or all of the increase in tax under:

✅ Section 77B(4) – Income Tax Act 1967

✅ Section 48(7) – Income Tax Act 1967

✅ Section 21(4) – Real Property Gains Tax Act 1976

📅 Effective Date: 1 January 2027

📚 Source: National Tax Seminar, 14 October 2026.

14/10/2026

🏢 WITHHOLDING TAX ON REIT DISTRIBUTIONS – EFFECTIVE 1 JANUARY 2027

Malaysia proposes to standardise the final withholding tax treatment on Real Estate Investment Trust (REIT) distributions received by foreign investors.

📌 Proposed Final Withholding Tax Rates:

✅ Non-resident individuals and others – 30%

✅ Non-resident companies – 24%

✅ Foreign institutional investors – 30%

📅 Effective Date: 1 January 2027

⚠️ The above reflects the tax proposal presented at the National Tax Seminar and is subject to the relevant legislation coming into force.

📚 Source: Seminar Percukaian Kebangsaan – 14 October 2026

13/10/2026

13/10/2026

🇲🇾 MALAYSIA TAX UPDATE | P.U.(A) 355/2026 - Income Tax (Organizing Incentive Trips, Conferences and Trade Exhibitions of International Standard) (Exemption) Order 2026

✈️ 100% Income Tax Exemption for Qualifying International Event Organisers!

📅 Effective: YA 2026 & YA 2027

Organising international incentive trips, conferences or trade exhibitions in Malaysia?

Qualifying organisers may enjoy a full income tax exemption on statutory income derived from these activities, subject to the following requirements.

👥 Minimum foreign participants per year of assessment:

✈️ Incentive Trips – 1,500 participants

🏢 International Conferences – 2,000 participants

🎪 International Trade Exhibitions – 3,000 participants

✅ Who qualifies?

Malaysian-resident companies incorporated under the Companies Act 2016, or associations/organisations registered under the Societies Act 1966, carrying on qualifying activities.

📌 Important conditions:

✔ Events must be held in Malaysia for qualifying foreign participants.

✔ Foreign participant numbers must be verified by the Ministry of Tourism, Arts and Culture.

✔ Separate accounts must be maintained for qualifying income.

✔ Tax filing and reporting obligations still apply.

⚠️ Non-Malaysian citizens who are resident in Malaysia are not counted as foreign participants for this exemption.

13/10/2026

Sime Darby Bhd’s (KL:SIME) wholly owned subsidiary, Sime Darby Holdings Bhd (SDHB), has been slapped with a RM150.18 million tax bill from the Inland Revenue Board (IRB) for the 2017 to 2023 assessment years.