Malaysia Tax News

Draft framework on advanced tax rulings issued

24 March 2007

Treaty between Canada and Malaysia – negotiations to start

17 December 2006

Budget for 2007 – details

14 October 2006

Treaty between Korea (Rep.) and Malaysia – pre-approval application procedures for benefits finalized

14 October 2006

Treaty between South Africa and Malaysia – details

12 September 2006

Treaty between Spain and Malaysia signed

13 August 2006

Treaty between Malaysia and Saudi Arabia – details

13 August 2006

Plan to review Labuan's offshore tax regime

14 June 2006

Netherlands Ministry of Finance announces tax sparing credit provision under treaty with Malaysia no longer applies

16 March 2006

The new income tax treaty and protocol between Singapore and Malaysia, signed on 5 October 2004, entered into force on 13 February 2006. In Singapore, the treaty will generally apply from 1 January 2007. In Malaysia, the treaty will apply in respect of petroleum income tax to income derived on or after 1 January 2008 and in respect other tax from 1 January 2007. From these dates, the new treaty generally replaces the Singapore and Malaysia income tax treaty of 26 December 1968.

16 March 2006

Treaty between Saudi Arabia and Malaysia signed

16 March 2006

South Africa and Malaysia signed a first-time tax treaty on 26 July 2005. Further details of the treaty will be reported subsequently.

21 September 2005

Malaysia and Singapore signed a new income tax treaty and protocol on 5 October 2004.

11 July 2005