Updated: Mar 31, 2021
The Inland Revenue Board has introduced new regulations for Transfer Pricing (TP) which is coming into effect from 1 January 2021. Our Tax Digest 2/2021 shares the updates.
The Company (“payer”) is required to deduct the 2% tax from payments to its agents, dealers and distributors on an accumulated basis by month. The above-mentioned 2% tax deduction amount is require
We wish to bring to your attention that IRB has granted for deferment of monthly instalments that benefits SME Companies and Individuals with business income as long the Company fulfils the below two
IRB has introduced new e-TT system where a unique account number (i.e. Virtual Account Number) will be generated as a payment identification for each taxpayer • ·This will enable IRB to trace the fu