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11 January 2018

Malaysia announces partial enactment of 2018 budget proposals

At the end of December 2017, Malaysia enacted the goods and services tax (GST)-exempt and zero-rated supplies included in the 2018 Malaysian Budget (the Budget 2018) announcement on October 27, 2017. While the thin capitalization rules were ultimately repealed with effect from January 1, 2018, the earning stripping rules proposed in the Budget 2018 to replace the thin capitalization rules, have yet to be drafted.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2018-0084

Document ID: 2018-0084

 

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