Malaysia Tax Agency Posts Guidance on Changes in Tax Deduction for Secretarial, Tax Filing Fees

The Malaysian Inland Revenue Board Aug. 17 posted online Guideline No. LHDN.AG.600-1/7/3, clarifying income tax business expense deductions, for secretarial fees and tax filing fees, for assessment year 2022. Topics covered include: 1) how the deduction applied for assessment years 2015 through 2021; 2) the change beginning with assessment year 2022 that the fees are deductible after services are received in the assessment year, regardless of whether the fees have been paid; 3) qualifying secretarial fees; 4) qualifying fees for filing sales tax, service tax, tourism tax, and the clearance levy; 5) the limitation of the deduction to resident taxpayers ...