World Business News
China Offshore Trust Tax Declarations Top 160 Billion Yuan
Chinese taxpayers declared over 160 billion yuan in offshore trust income tax, lifting October income tax revenue nearly 90%.
Category: Accounting
World Business News
Indonesia Says No New VAT on Bank Transfers, E-Wallets
Indonesia's finance minister said there is no new VAT on interbank transfers or e-wallet payments, clarifying that tax applies only to service fees and…
World Business News
Japan’s Katayama Pledges Falling Debt Ratio, Says Tax Cut Will Not Rely on Deficit Bonds
Japanese Finance Minister Satsuki Katayama told the IMF's steering committee in Bangkok that Tokyo's food tax cut and new income-based benefits will be funded…
Taxation
Anwar Raises Tax Relief, Cuts Rates in Budget 2027
Budget 2027 raises tax relief to RM12,000 and cuts rates, giving five million taxpayers up to RM1,600 extra income.
Politics
Rafizi Pushes GST Return in Shadow Budget
Rafizi Ramli urges GST reintroduction at five per cent, arguing reforms can win voter support if benefits are clearly explained.
Business News
Malaysian accounting firms turn to AI and advisory services to lift profitability, Xero finds
Malaysian accounting practices using AI, advisory services and value-based pricing were found to achieve significantly higher profitability, according to Xero research.
Stocks and Markets
CC International 1H26 Pre-Tax Profit Rises 20.6% to RM5.54 Million
CC International Berhad's revenue rose 11.0% to RM26.59 million, with a 20.8% PBT margin increase.
Accounting
Court Quashes RM313.8m Tax Demand Against Daim’s Wife
High Court quashes RM313.8m tax demand against Naimah Khalid, ruling LHDN acted beyond powers and attempted double taxation.
Business News
Cabinet to Review E-Invoicing After BN Concerns: Zahid
Malaysia's government is reviewing e-invoicing after businesses expressed concerns about costs and implementation readiness.
Accounting
Bursa Malaysia rebounds as buying interest returns to market
Bursa Malaysia recovered at midday trading as renewed buying lifted the benchmark KLCI.
Taxation
Penang Reviewing 350 Land Tax Appeals After Rate Revision, Says CM Chow
Penang reviews 350 land tax appeals; CM Chow defends revised structure, rebate mechanism and legal basis for differentiated land rates.
e-invoicing
QuickIn Targets SME Operational Gaps Amid E-Invoicing and Digital Shift
A business-first platform designed to simplify invoicing, sales tracking, and financial management - all in one place by QuickIn
Accounting
Accountants Brace for 2026 with Caution Amid Subdued Global Outlook
Global accountants show caution entering 2026; Asia Pacific rebounds, Malaysia resilient with 4.9% growth despite risk
Taxation
Zahid: BN to Push for GST Reintroduction After GE16 for Fairer Taxation
Ahmad Zahid announces BN's plan to reinstate GST post-GE16, calling it the best system despite past political controversies.
Taxation
Customs Exceeds 2025 Revenue Target by RM6 Billion
Malaysia Customs collects RM73.27 billion in 2025 revenue, surpassing revised target amid stronger anti-smuggling efforts.
Taxation
IRB Completes RM14.55 Billion Tax Refunds for 3.47 Million Cases This Year
Deputy Finance Minister announces RM14.55 billion tax refunds processed by IRB as of November, up 17.5% from last year.