Stamp Duty Exemption for Property between RM500K to RM 1 million (i-MILIKI exemption)

On the 15th of July 2022, the YAB Prime Minister Datuk Seri Ismail Sabri Yaakob (“YAB Prime Minister”) had announced that:[1] 2. Property priced between RM500K to RM 1 million There was an earlier House Ownership Campaign (“HOC”) initiative by the government that allows property owner to enjoy stamp duty exemption under the HOC 2020 which […]

HOW TO CLAIM FOR BAD DEBT?

Authored by Dylan Chong. You may email him at dc@jc-law.my Introduction ABC Sdn Bhd sells a product (raw material) to XYZ Sdn Bhd. A trade debt exists between both companies. When XYZ Sdn Bhd cannot make payment on the raw material supplied, a trade debt arises. The trade debts becomes bad debt. ABC Sdn Bhd […]

TAX INCENTIVE FOR FLOWER EXPORTER

Authored by Dylan Chong. You can email him at dc@jc-law.my Tax Incentive for Flower Grower Flower exporter may enjoy tax incentive if they have fulfilled the criteria under the increased export allowance 1999 Rules. A tax incentive allows for the business to claim for allowance for them to be able to export more produce to the oversea […]