IRB introduces e-107D service for submission of two pct tax form on commission payment

KUALA LUMPUR: The Inland Revenue Board (LHDN) has introduced a new service, e-107D, for the submission of the two per cent tax deduction form for commission payments by a paying company to agents, distributors or distributors under Section 107D, Income Tax Act 1967. According to the IRB’s statement, the new e-107D service that was first […]

Increase tax deductions on donations for Covid-19 relief

BINTULU: The Federation of Chinese Associations Malaysia (Huazong) has called on the federal government to increase tax deductions on donations and cash contributions given for Covid-19 relief to encourage more individuals and companies to step up and donate. Its secretary general Datuk Dr Wong Aik Loung said the move would help the government’s efforts, especially […]

GLCs donate RM60 mln to MOH, tax deduction for contributions

KUALA LUMPUR: Government-linked companies (GLCs) have to-date donated about RM60 million in the form of medicine, medical equipment and personal protective equipment to the Ministry of Health (MOH). The corporate sector is encouraged to emulate the generosity of GLCs in assisting national efforts to combat the Covid-19 outbreak, Finance Minister Tengku Datuk Seri Zafrul Aziz said. “The government welcomes […]