3 December, 2019
Consultation paper on Beneficial Ownership Reporting Framework
The Companies Commission of Malaysia ("SSM”) issued a consultation paper titled the "Guidelines for the Reporting Framework for Beneficial Ownership of Legal Persons" on 8 November 2019. The objective of the paper is to provide guidance to companies, limited liability partnerships and businesses on the requirements relating to beneficial ownership and the procedures in complying with the reporting framework … read more.
Jack-in Pile (M) Sdn Bhd v Bauer (Malaysia) Sdn Bhd [Civil Appeal No: 02(f)-58-07/2018(B)] (Federal Court)
In this Appeal, the Federal Court held unanimously that the Construction Industry Payment and Adjudication Act 2012 ("CIPAA”) has prospective effect and is not applicable to construction contracts entered into before the coming into force of the CIPAA, that is, 15 April 2014 … read more.
Groundless threat — Trademarks Act 2019
The Malaysian Trademarks Act 2019 ("the Act”) has brought a multitude of new changes to our trademark legal regime which include the statutory tort of groundless threat for infringement proceedings. This article will now discuss the salient points of groundless threat proceedings under section 61 of the Act … read more.
Income tax
The following public rulings and guideline have recently been published on the Inland Revenue Board of Malaysia's official website … read more.
Service tax
A new Specific Guide on Refund on the Acquisition of Services by Foreign Missions and International Organizations (as at 29 October 2019) has been published on the Royal Malaysian Customs Department's MySST website.
Sales tax
A revised version of the Specific Guide on Sales Tax Deduction Facility (as at 30 October 2019) has also been published on the Royal Malaysian Customs Department's MySST website.
Ketua Pengarah Hasil Dalam Negeri v CIMB Bank Berhad [unreported]
Earlier this month, theCourt of Appeal confirmed that databases constitute "plant” and qualify for capital allowances. For more info, please click here.
For further information, please contact:
Abhilaash Subramaniam, Shearn Delamore & Co
abhi@shearndelamore.com
