Latest Updates

22 Jul 2024:

15 Jul 2024: 

The e-Tax Guide has been updated with the following changes: 

• Updated the e-Tax Guide based on the current e-Tax Guide format.
• Updated paragraph 1.2 to state who this e-Tax Guide applies to.
• Amended paragraphs 4.3(a)(i), 4.3(a)(ii), 4.3(b) and 4.3(e) to replace the term “loss reserves” with “claim liabilities” and replaced “Fifth Schedule to the Insurance (Accounts and Statements) Regulations”, which has since been revoked, with “Regulation 19 of the Insurance (Valuation and Capital) Regulations 2004”.
• Replaced the term “loss reserves” with “claim liabilities” and removed the reference to “(amended in 2005)” in paragraph 4.3(c).
• Amended footnote 2 of Annex 1 to update the reference made from “section 37(1)(b)” to “section 95(1)(b)” as the provision has been renumbered in the 2020 Revised Edition of the Insurance Act 1966.

The e-Tax Guide has been updated with the following changes:

Updated scenario 6.1B as follows:

• Included a shipment label as a valid transport document.
• Removed the requirement for the transport document to be endorsed.
• Included a new transaction document that exporters must maintain, in the form of a proof of delivery from the postal/ courier company that shows that the goods have reached the overseas customer.

The above webpage has been updated to include:

• References to the Transfer Pricing Guidelines (7th Edition).
• Other amendments to reflect the updates and amendments made in the Transfer Pricing Guidelines (7th Edition).