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Tax Newsletter - Budget 2008 and other developments
In our third edition of TAX INSIGHTS, we highlight news and developments on tax matters both in Malaysia and internationally. The 2008 Budget proposals on the single-tier tax system dominate the Malaysian news of this edition, whilst there have been several interesting developments overseas in relation to transfer pricing adjustments, tax case law, and tax reforms. A special edition of TAX INSIGHTS was issued immediately after the 2008 Budget Proposals were announced. Below, we have set out some of the more pertinent issues following on from the Budget proposals and the ensuing dialogues/discussions. We trust that you will find these developments interesting and useful for your business purposes.