Azimy & Co

20/03/2026

Salam Aidifitri 1447H/2026M

27/02/2026

Iftar 2026

22/02/2026

Employment contracts are presently subject to a stamp duty of RM10 under Item 4, First Schedule of the Stamp Act 1949.

From 1 January 2026, the wage threshold for stamp duty exemption on employment contracts will be raised from RM300 to RM3,000 per month.

**Original Post and Credit to ST & Partners PLT

30/01/2026

Form EA 2025
🔎 Statement of Remuneration from Employment for Private Sector
👉 This Form EA must be prepared and provided to the employee on or before 28 February 2026 for their income tax purpose.
👉 Failure to prepare and render Form EA to employees on or before 28 February 2026 is an offence under paragraph 120(1)(b) of Income Tax Act 1967.
👉 Fine RM200 to RM20,000 or Imprisonment for a term not exceeding 6 months or Both
✅ Form EA 2025 format can be downloaded at the below link:
📌 Malay version
https://www.hasil.gov.my/media/forms/upload/form_f090f7b4-d0d5-41e3-9615-79a00b973bde/1c2a5004-97af-4f58-acb2-28ed6a58c4e2/contoh_borang_e_2025_1.pdf

29/01/2026

PCB calculator YA 2026 is now available 😅

22/01/2026

09/01/2026

Azimy&co@padang

14/10/2025

Session on MPERS: insight into the IFRS for SMEs Accounting Standard

11/10/2025

Budget 2026: Tax Highlights (Malaysia)

INDIVIDUALS
• Childcare relief: RM3,000 relief extended to registered day-care/transit centres for children up to 12 years (from YA 2026).
• Disability/therapy: relief for diagnosis/early intervention/rehab for children ≤18 increased to RM10,000.
• Vaccinations: personal tax relief extended to all KKM-approved vaccines.
• Insurance/takaful: up to RM3,000 life/takaful relief extended to cover children; stamp duty exemption on small-value policies for individuals and MSMEs extended to 2028; Perlindungan Tenang stamp duty exemption extended to 2028.
• Domestic tourism: special personal relief up to RM1,000 for local attraction entry/cultural programs (VMY 2026).
• Sustainable lifestyle: RM2,500 lifestyle relief expanded to include food-waste shredders.
• Hajj: EPF withdrawal limit for Hajj raised to RM10,000 (administrative; not a tax relief change).

BUSINESSES/SMEs
• AI & cybersecurity training: additional 50% tax deduction for SME training recognised by NAICI.
• Green tech (local): 100% Green Investment Tax Allowance for own use when adopting MyHIJAU-certified Malaysian green tech products.
• Agriculture: income tax exemption 100% for 10 years (new food production projects); 5 years (expansion); application window extended to 31 Dec 2030.
• Agri automation: automation tax incentive extended to selected closed-house livestock systems.
• Venture capital: VC incentives improved for 10 years (special tax rate and dividend exemption).
• Training sponsorships: double deduction for OKU training extended to accredited care-worker training.
• Heavy-vehicle speed limiters: Accelerated Capital Allowance—full write-off within 1 year.

DONATIONS, SCHOLARSHIPS & SOCIAL ENTERPRISES
• Hospital charity funds: income exempt; donors get tax deduction.
• Scholarships (private sector): double deduction extended to include professional qualifications (ICT, engineering, accounting, finance).
• Social enterprises: corporate income tax exemption application window extended to 2028.
• Religious/cultural/museum/community funds: qualifying donations remain deductible per approvals.
• Anti-corruption programmes: approved civil society initiatives get 10% tax deduction status; cash donors eligible for income tax deduction.
• Donations: approved museum/endowment/heritage and university hospital endowment funds—donors get deductions; funds’ income exempt.

PROPERTY & STAMP DUTY
• First-home purchases ≤ RM500,000: full stamp duty exemption on MOT and loan agreement extended to 31 Dec 2027.
• Foreign buyers: flat 8% stamp duty on transfers of residential property by non-citizens/foreign companies (PRs excluded).
• Commercial-to-residential conversions: special tax deduction = 10% of qualifying costs (capped RM10m).
• Employment contracts: stamp duty exemption threshold raised—contracts for salaries up to RM3,000/month exempt (from 1 Jan 2026).

SECTORAL/TARGETED
• Taxis: 100% excise duty and 100% sales tax exemptions continue for new Proton/Perodua purchases by taxi and private hire-car owners.
• Tourism (VMY 2026):
– Renovation deduction up to RM500,000 for eligible tourism projects.
– 100% income tax exemption on increased income for tour operators’ Malaysia packages.
– 100% income tax exemption on statutory income for international MICE organisers.
– 50% income tax exemption for international arts/culture/sports/recreation event organisers.

EXCISE, CARBON & HEALTH TAXES
• Langkawi/Labuan duty-free vehicles: tax exemption capped to car value ≤ RM300,000 (effective 1 Jan 2026).
• To***co excise (from 1 Nov 2025): +2 sen/stick (ci******es); +RM40/kg (cigars/cheroots/cigarillos); +RM20/kg (heated to***co content).
• Alcohol excise: +10% (from 1 Nov 2025).
• Ni****ne replacement therapy: import duty & sales tax exemptions extended to 31 Dec 2027 (now includes mist/lozenges).
• Carbon tax: to start in 2026, initial focus on iron/steel and energy; aligned with National Carbon Market Policy and forthcoming Climate Change Bill.

COMPLIANCE & ADMIN
• e-Invoice nationwide in 2026.
• Faster tax refunds pledged.
• Stamp duty: self-assessment system to be implemented.

03/10/2025

Thank you Flutter’z Cafe!