Malaysia – Legal Updates | July 2022.

Dear valued clients, colleagues and friends,

We are pleased to bring you the latest legal updates for July 2022.

Financial Services

Bank Negara Malaysia issues new policy documents for Money Services Business

Tax & Revenue

Income Tax (Exemption) (No. 5) Order 2022

Income Tax (Exemption) (No. 6) Order 2022

Time Limit for Unabsorbed Adjusted Business Losses Carried Forward (Public Ruling No. 1/2022)

Garis Panduan Berhubung Layanan Cukai Ke Atas Pemaju Atau Badan Pengurusan Bagi Penyenggaraan Dan Pengurusan Bangunan Dan Harta Bersama (presently available in Malay language only)

For further information, please contact:

Christina S.C. Kow, Partner, Shearn Delamore & Co.

christina@shearndelamore.com

Anand Raj, Partner, Shearn Delamore & Co.

anand@shearndelamore.com